Categories

analysts-today

Today Liberty Broadband Corporation (LBRDA) Upgraded to Outperform at Macquarie

Macquarie upgraded shares of Liberty Broadband Corporation (NASDAQ:LBRDA) from a neutral rating to an outperform rating in a report issued on Friday. The firm currently has $102.00 price target on the stock. Other research analysts have also recently issued research reports about the stock. Zacks Investment Research cut shares of Liberty Broadband Corporation from a hold rating to a strong sell rating in a report on Tuesday, November 22nd. TheStreet upgraded shares of Liberty Broadband Corporation from a hold rating to a buy rating in a report on Thursday, November 3rd. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has an average rating of Buy and a consensus target price of $81.17.

Shares of Liberty Broadband Corporation (NASDAQ:LBRDA) traded down 0.10% on Friday, hitting $83.89.

11,923 shares of the stock traded hands. Liberty Broadband Corporation has a 52 week low of $42.03 and a 52 week high of $87.47. The firm has a market capitalization of $15.24 billion, a PE ratio of 13.25 and a beta of 1.51. The firm’s 50 day moving average is $75.83 and its 200 day moving average is $69.25. In other Liberty Broadband Corporation news, insider Richard N. Baer sold 40,139 shares of the stock in a transaction that occurred on Tuesday, January 3rd. The shares were sold at an average price of $72.59, for a total transaction of $2,913,690.01.

Following the completion of the sale, the insider now owns 13,288 shares of the company’s stock, valued at approximately $964,575.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Richard N. Baer sold 3,880 shares of the stock in a transaction that occurred on Friday, December 16th. The shares were sold at an average price of $74.41, for a total transaction of $288,710.80. Following the sale, the insider now directly owns 1,293 shares of the company’s stock, valued at approximately $96,212.13. The disclosure for this sale can be found here. Insiders have sold a total of 190,019 shares of company stock valued at $13,455,420 in the last three months. Insiders own 11.32% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. RMB Capital Management LLC increased its stake in shares of Liberty Broadband Corporation by 732.4% in the third quarter. RMB Capital Management LLC now owns 95,396 shares of the company’s stock valued at $6,693,000 after buying an additional 83,936 shares during the period. Cheyne Capital Management UK LLP bought a new stake in shares of Liberty Broadband Corporation during the third quarter valued at approximately $5,536,000. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new stake in shares of Liberty Broadband Corporation during the third quarter valued at approximately $5,220,000. Morgan Stanley increased its stake in shares of Liberty Broadband Corporation by 146.7% in the third quarter. Morgan Stanley now owns 107,808 shares of the company’s stock valued at $7,563,000 after buying an additional 64,105 shares during the period.

Finally, OMERS ADMINISTRATION Corp increased its stake in shares of Liberty Broadband Corporation by 228.6% in the third quarter. OMERS ADMINISTRATION Corp now owns 81,500 shares of the company’s stock valued at $5,718,000 after buying an additional 56,700 shares during the period.

79.70% of the stock is owned by institutional investors. About Liberty Broadband Corporation

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.