Pivotal Research Cuts Liberty Broadband (NASDAQ:LBRDK) Price Target to $160.00

Liberty Broadband (NASDAQ:LBRDKGet Rating) had its price objective lowered by research analysts at Pivotal Research to $160.00 in a note issued to investors on Tuesday, Stock Target Advisor reports. The firm currently has a “na” rating on the stock. Pivotal Research’s target price would indicate a potential upside of 36.65% from the stock’s current price.

Other research analysts have also issued research reports about the company. Rosenblatt Securities started coverage on Liberty Broadband in a report on Tuesday, April 19th. They issued a “buy” rating and a $222.00 target price on the stock. StockNews.com lowered shares of Liberty Broadband from a “hold” rating to a “sell” rating in a research note on Tuesday, May 10th. TD Securities dropped their price target on shares of Liberty Broadband from $225.00 to $200.00 and set a “buy” rating on the stock in a research report on Monday, May 9th. Finally, Zacks Investment Research raised shares of Liberty Broadband from a “sell” rating to a “hold” rating in a research report on Tuesday, May 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Liberty Broadband currently has a consensus rating of “Hold” and an average target price of $190.14.

Shares of Liberty Broadband stock traded up $0.96 during trading hours on Tuesday, reaching $117.09. The company’s stock had a trading volume of 10,144 shares, compared to its average volume of 1,546,724. The company has a market capitalization of $19.06 billion, a P/E ratio of 21.40 and a beta of 1.02. The stock’s fifty day simple moving average is $131.27 and its two-hundred day simple moving average is $146.33. Liberty Broadband has a one year low of $107.40 and a one year high of $194.05. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.02 and a current ratio of 1.02.

Liberty Broadband (NASDAQ:LBRDKGet Rating) last posted its earnings results on Friday, February 25th. The company reported $2.11 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.47. The company had revenue of $248.96 million for the quarter, compared to analyst estimates of $237.94 million. Liberty Broadband had a net margin of 99.93% and a return on equity of 9.79%. As a group, research analysts forecast that Liberty Broadband will post 7.15 earnings per share for the current year.

In other news, Director J David Wargo acquired 300 shares of the firm’s stock in a transaction that occurred on Tuesday, May 10th. The stock was bought at an average price of $110.76 per share, with a total value of $33,228.00. Following the acquisition, the director now owns 32,214 shares in the company, valued at approximately $3,568,022.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 10.80% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Liberty Broadband by 0.4% during the first quarter. Vanguard Group Inc. now owns 12,706,439 shares of the company’s stock valued at $1,719,435,000 after buying an additional 48,029 shares during the last quarter. BlackRock Inc. grew its position in Liberty Broadband by 0.4% during the 1st quarter. BlackRock Inc. now owns 9,083,321 shares of the company’s stock worth $1,229,152,000 after acquiring an additional 31,902 shares during the last quarter. Aristeia Capital LLC increased its stake in Liberty Broadband by 14.1% in the 1st quarter. Aristeia Capital LLC now owns 6,847,354 shares of the company’s stock worth $926,584,000 after purchasing an additional 848,476 shares during the period. Massachusetts Financial Services Co. MA lifted its position in Liberty Broadband by 17.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 6,005,383 shares of the company’s stock valued at $967,467,000 after purchasing an additional 897,427 shares during the last quarter. Finally, Principal Financial Group Inc. boosted its stake in shares of Liberty Broadband by 2.0% during the first quarter. Principal Financial Group Inc. now owns 5,473,206 shares of the company’s stock valued at $740,634,000 after purchasing an additional 109,761 shares during the period. Institutional investors own 78.38% of the company’s stock.

About Liberty Broadband (Get Rating)

Liberty Broadband Corporation engages in the communications businesses. It operates through GCI Holdings and Charter segments. The GCI Holdings segment provides a range of wireless, data, video, voice, and managed services to residential customers, businesses, governmental entities, and educational and medical institutions primarily in Alaska under the GCI brand.

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