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The Liberty Broadband Corporation (LBRDA) Lifted to “Hold” at Zacks Investment Research

Liberty Broadband Corporation (NASDAQ:LBRDA) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued on Tuesday. 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. “

Several other brokerages have also recently weighed in on LBRDA. TheStreet cut Liberty Broadband Corporation from a “b-” rating to a “c+” rating in a report on Thursday, January 26th. Macquarie raised Liberty Broadband Corporation from a “neutral” rating to an “outperform” rating and set a $102.00 price objective for the company in a report on Friday. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock.

Liberty Broadband Corporation presently has a consensus rating of “Buy” and a consensus target price of $81.17. Shares of Liberty Broadband Corporation (NASDAQ:LBRDA) traded up 0.06% during trading on Tuesday, hitting $83.68. The stock had a trading volume of 108,445 shares. The stock has a market capitalization of $15.20 billion, a price-to-earnings ratio of 13.22 and a beta of 1.45. Liberty Broadband Corporation has a one year low of $42.03 and a one year high of $87.47. The stock has a 50 day moving average price of $75.45 and a 200-day moving average price of $69.15.

In other news, Director John C. Malone sold 30,888 shares of Liberty Broadband Corporation stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $70.51, for a total value of $2,177,912.88. Following the transaction, the director now owns 3,882,054 shares in the company, valued at approximately $273,723,627.54. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John C. Malone sold 115,112 shares of Liberty Broadband Corporation stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $70.15, for a total value of $8,075,106.80.

Following the completion of the transaction, the director now owns 4,002,935 shares in the company, valued at approximately $280,805,890.25. The disclosure for this sale can be found here. Insiders sold a total of 190,019 shares of company stock valued at $13,455,420 over the last ninety days. Insiders own 11.32% of the company’s stock. Several institutional investors have recently modified their holdings of the stock. Cutler Group LP raised its position in shares of Liberty Broadband Corporation 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 during the last quarter.

D.A. Davidson & CO. raised its position in shares of Liberty Broadband Corporation by 2.3% in the third quarter. D.A. Davidson & CO. now owns 2,796 shares of the company’s stock valued at $195,000 after buying an additional 63 shares during the last quarter. Panagora Asset Management Inc. raised its position in shares of Liberty Broadband Corporation 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. The Manufacturers Life Insurance Company acquired a new position in shares of Liberty Broadband Corporation during the third quarter valued at about $205,000. Finally, Shufro Rose & Co. LLC acquired a new position in shares of Liberty Broadband Corporation during the third quarter valued at about $211,000. Institutional investors own 79.70% of the company’s stock. 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.

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The Liberty Broadband Corporation (LBRDK) Stake Reduced by Mad River Investors

Mad River Investors decreased its position in Liberty Broadband Corporation (NASDAQ:LBRDK) by 1.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,769 shares of the company’s stock after selling 566 shares during the period. Liberty Broadband Corporation accounts for 4.2% of Mad River Investors’ holdings, making the stock its 8th largest position. Mad River Investors’ holdings in Liberty Broadband Corporation were worth $3,343,000 at the end of the most recent reporting period. A number of other institutional investors also recently bought and sold shares of LBRDK. Bank of Montreal Can increased its stake in shares of Liberty Broadband Corporation by 85.2% in the third quarter. Bank of Montreal Can now owns 1,459 shares of the company’s stock worth $104,000 after buying an additional 671 shares in the last quarter.

Strs Ohio acquired a new stake in shares of Liberty Broadband Corporation during the third quarter worth $118,000. Canada Pension Plan Investment Board acquired a new stake in shares of Liberty Broadband Corporation during the second quarter worth $169,000. Metropolitan Life Insurance Co. NY increased its stake in shares of Liberty Broadband Corporation by 58.0% in the second quarter. Metropolitan Life Insurance Co. NY now owns 3,055 shares of the company’s stock worth $183,000 after buying an additional 1,121 shares in the last quarter. Finally, FTB Advisors Inc. increased its stake in shares of Liberty Broadband Corporation by 2,803.7% in the second quarter. FTB Advisors Inc.

now owns 3,107 shares of the company’s stock worth $185,000 after buying an additional 3,000 shares in the last quarter. Hedge funds and other institutional investors own 65.83% of the company’s stock. Shares of Liberty Broadband Corporation (NASDAQ:LBRDK) opened at 86.08 on Friday. The firm has a market cap of $15.64 billion, a P/E ratio of 13.59 and a beta of 1.47. Liberty Broadband Corporation has a 12-month low of $41.30 and a 12-month high of $88.12. The company’s 50 day moving average price is $78.06 and its 200 day moving average price is $70.88.

A number of equities research analysts have weighed in on LBRDK shares. TheStreet raised Liberty Broadband Corporation from a “hold” rating to a “buy” rating in a report on Thursday, November 3rd. Zacks Investment Research downgraded Liberty Broadband Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, November 15th. In other Liberty Broadband Corporation news, Director John C. Malone sold 25,119 shares of the business’s stock in a transaction on Monday, November 21st. The shares were sold at an average price of $69.34, for a total transaction of $1,741,751.46.

Following the sale, the director now owns 4,002,935 shares of the company’s stock, valued at approximately $277,563,512.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John C. Malone sold 89,993 shares of the business’s stock in a transaction on Tuesday, November 22nd. The shares were sold at an average price of $70.38, for a total transaction of $6,333,707.34. Following the sale, the director now directly owns 4,002,935 shares in the company, valued at approximately $281,726,565.30. The disclosure for this sale can be found here.

10.80% of the stock is currently owned by corporate insiders.

Liberty Broadband Corporation 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. Want to see what other hedge funds are holding LBRDK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Liberty Broadband Corporation (NASDAQ:LBRDK).