Liberty Broadband Corporation (NASDAQ:LBRDA) Sees Light Trading Volume with 69K Shares Changing Hands

Trading volume for Liberty Broadband Corporation was 69K in the last trading session. Overall, volume was down 36.91% under the stocks normal daily volume. Here is the rundown on market activity for Liberty Broadband Corporation (NASDAQ:LBRDA). John C. Malone, Director disclosed the sale of 5,700 shares. The shares were purchased at an average price of $88.62. The Director now owns $20,354,951 of the stock according to the SEC filing.

Director John C. Malone sold 23,000 shares at an average price of $84.53 on July 5th. That brings Malone’s holdings to $319,739,290 as reported to the SEC. John C. Malone, Director disclosed the sale of 40,000 shares of (LBRDA). The shares were sold on June 12th for an average price of $87.66. Malone now owns $20,634,112 of the stock per the Form 4 SEC filing.

These firms have also modified their investment in LBRDA. Wayne Hummer Investments L.l.c. trimmed its investment by shedding 145 shares a decrease of 4.8% in the quarter. Wayne Hummer Investments L.l.c. owns 2,891 shares worth $248,000. The total value of its holdings increased 12.7%. As of the end of the quarter Gamco Investors, Inc.

Et Al had sold a total of 1,608 shares trimming its stake by 1.1%. The value of the total investment in Liberty Broadband Corporation went from $12,556,000 to $12,521,000 decreasing 0.3% quarter to quarter. As of quarter end Gabelli Funds LLC had disposed of 3,000 shares trimming its holdings by 2.8%. The value of the investment in LBRDA decreased from $9,273,000 to $9,092,000 a change of 2.0% quarter over quarter. As of the end of the quarter BNP Paribas Arbitrage, SA had sold 13,200 shares trimming its position 14.2%. The value of the company’s investment in Liberty Broadband Corporation decreased from $7,909,000 to $6,841,000 a change of $1,068,000 since the last quarter.

On August 12 Deutsche Bank held the company rating at “Buy” but raised the price target to $80.00 from $68.00. November 18 investment analysts at Deutsche Bank held the stock rating at “Buy” but raised the price expectation from $67.00 to $68.00. November 16 investment analysts at Deutsche Bank kept the stock rating at “Buy” and moved up the price target to $68.00 from $67.00. Deutsche Bank added LBRDA to its research portfolio setting a rating of “Buy” and price target of $67.00.

On April 17, 2015 Wunderlich started covering LBRDA giving it an initial rating of “Buy” and establishing a price target of $72.00. The company is so far trading down by -0.37% since yesterday’s close of $98.45. The stock is trading at $98.09 which is just over the 50 day moving average which is $87.65 and just a bit higher than the 200 day moving average of $85.56. The 50 day moving average was up $10.44 and the 200 day average went up by +14.65%. The most current P/E ratio is 560.51 and market cap is 17.84B.

As of the latest earnings report the EPS was $0.17 and is expected to be $0.06 for the current year with 181,831,000 shares now outstanding. Next quarter’s EPS is estimated at $0.02 with next year’s EPS projected to be $0.88. Liberty Broadband Corporation, launched on June 26, 2014, holds interest in Charter Communications, Inc. (Charter) and its subsidiary Skyhook Holding, Inc. (Skyhook). The Business’s segments include Skyhook, Charter, and Corporate and other. Skyhook provides a wireless fidelity (Wi-Fi)-based location platform focused on providing positioning technology and contextual location intelligence solutions.

Charter is an equity method investment that provides cable services in the United States, offering a range of entertainment, information and communications solutions to residential and commercial customers.

Charter offers its customers subscription-based video services, including video on demand (VOD), high definition (HD) television, and digital video recorder (DVR) service, Internet services and voice services..

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