Categories

990-00-in-stock

TheStreet Upgraded Liberty Broadband Corp. (LBRDA) to “Buy”

Liberty Broadband Corp. (NASDAQ:LBRDA) was upgraded by investment analysts at TheStreet from a “hold” rating to a “buy” rating in a note issued to investors on Thursday. A number of other equities analysts also recently issued reports on the company. Deutsche Bank AG increased their price target on Liberty Broadband Corp. from $76.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, August 12th. Pivotal Research reissued a “buy” rating and set a $94.00 price target on shares of Liberty Broadband Corp. in a research report on Monday, September 26th. Finally, Zacks Investment Research downgraded Liberty Broadband Corp.

from a “buy” rating to a “hold” rating in a research report on Wednesday, October 26th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $77.00. Liberty Broadband Corp. (NASDAQ:LBRDA) opened at 63.46 on Thursday. The stock has a market cap of $11.53 billion, a price-to-earnings ratio of 8.77 and a beta of 1.43. Liberty Broadband Corp. has a 12 month low of $42.03 and a 12 month high of $71.77.

The firm has a 50-day moving average price of $67.65 and a 200-day moving average price of $63.19. In other Liberty Broadband Corp. news, insider Albert E. Rosenthaler sold 1,907 shares of the firm’s stock in a transaction dated Wednesday, August 17th. The stock was sold at an average price of $67.39, for a total value of $128,512.73. Following the completion of the sale, the insider now owns 18,769 shares of the company’s stock, valued at $1,264,842.91. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Also, insider Richard N. Baer sold 1,985 shares of the firm’s stock in a transaction dated Friday, October 14th. The stock was sold at an average price of $68.17, for a total value of $135,317.45. Following the completion of 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. Corporate insiders own 11.32% of the company’s stock. A number of large investors have recently modified their holdings of the company.

Cutler Group LP increased its stake in shares of Liberty Broadband Corp. by 19.8% in the third quarter. Cutler Group LP now owns 2,537 shares of the company’s stock valued at $177,000 after buying an additional 420 shares in the last quarter. Panagora Asset Management Inc. boosted its position in shares of Liberty Broadband Corp. by 37.1% in the second quarter. Panagora Asset Management Inc. now owns 3,328 shares of the company’s stock valued at $198,000 after buying an additional 900 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of Liberty Broadband Corp.

by 28.0% in the second quarter. Teacher Retirement System of Texas now owns 3,680 shares of the company’s stock valued at $219,000 after buying an additional 806 shares during the last quarter. Paloma Partners Management Co purchased a new position in shares of Liberty Broadband Corp. during the second quarter valued at about $231,000. Finally, KCG Holdings Inc. purchased a new position in shares of Liberty Broadband Corp. during the second quarter valued at about $236,000.

79.35% of the stock is owned by institutional investors and hedge funds.

Liberty Broadband Corp.

Company Profile