Zacks Investment Research lowered shares of Liberty Broadband Corp. (NASDAQ:LBRDA) from a buy rating to a hold rating in a report released on Wednesday. According to Zacks, “Liberty Broadband Corporation, through its subsidiaries, engages in providing digital cable services to residential and commercial customers; and entertainment, information, and communications solutions. It also provides wireless location positioning and related services. Liberty Broadband Corporation is based in Englewood, Colorado. “
A number of other research firms also recently weighed in on LBRDA. Deutsche Bank AG increased their target price on shares of Liberty Broadband Corp. from $76.00 to $80.00 and gave the company a buy rating in a research report on Friday, August 12th. Pivotal Research reissued a buy rating and set a $94.00 target price on shares of Liberty Broadband Corp.
in a research report on Monday, September 26th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $77.00. Shares of Liberty Broadband Corp. (NASDAQ:LBRDA) opened at 64.95 on Wednesday. The stock has a 50 day moving average of $68.17 and a 200-day moving average of $63.09. Liberty Broadband Corp. has a 12 month low of $42.03 and a 12 month high of $71.77.
The company has a market cap of $11.80 billion, a price-to-earnings ratio of 8.97 and a beta of 1.38. In other news, insider Albert E. Rosenthaler sold 1,907 shares of the firm’s stock in a transaction that occurred on Wednesday, August 17th. The shares were sold at an average price of $67.39, for a total transaction of $128,512.73. Following the completion of the sale, the insider now owns 18,769 shares of the company’s stock, valued at approximately $1,264,842.91. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Richard N.
Baer sold 1,985 shares of the firm’s stock in a transaction that occurred on Friday, October 14th. The stock was sold at an average price of $68.17, for a total transaction of $135,317.45. Following the sale, the insider now directly owns 4,843 shares of the company’s stock, valued at approximately $330,147.31. The disclosure for this sale can be found here. Company insiders own 11.32% of the company’s stock. Several hedge funds have recently made changes to their positions in LBRDA. Locust Wood Capital Advisers LLC bought a new stake in shares of Liberty Broadband Corp.
during the second quarter valued at approximately $9,424,000. S&CO Inc. increased its stake in shares of Liberty Broadband Corp. by 0.6% in the second quarter. S&CO Inc. now owns 91,000 shares of the company’s stock valued at $5,405,000 after buying an additional 535 shares during the period. Douglass Winthrop Advisors LLC bought a new stake in shares of Liberty Broadband Corp. during the second quarter valued at approximately $2,309,000. First Republic Investment Management Inc.
increased its stake in shares of Liberty Broadband Corp. by 104.4% in the first quarter. First Republic Investment Management Inc. now owns 338,334 shares of the company’s stock valued at $19,678,000 after buying an additional 172,769 shares during the period. Finally, Babson Capital Management LLC bought a new stake in shares of Liberty Broadband Corp. during the first quarter valued at approximately $1,215,000.
79.35% of the stock is owned by institutional investors. Liberty Broadband Corp. Company Profile
Liberty Broadband Corporation holds interests in Charter Communications, Inc (Charter), TruePosition, Inc (TruePosition) and Time Warner Cable, Inc (TWC). The Company’s segments include Trueposition, Charter, and Corporate and other.
The TruePosition segment includes the operations of TruePosition, a subsidiary of the Company that develops and markets technology for locating wireless phones and other wireless devices on a cellular network, enabling wireless carriers and government agencies to provide public safety E-9-1-1 services domestically and services in support of national security and law enforcement across the world.