Liberty Broadband (NASDAQ:LBRDK) Hits New 52-Week Low at $94.37

Shares of Liberty Broadband Co. (NASDAQ:LBRDKGet Rating) hit a new 52-week low on Wednesday . The stock traded as low as $94.37 and last traded at $94.80, with a volume of 1864 shares trading hands. The stock had previously closed at $95.08.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on LBRDK. TD Securities decreased their target price on shares of Liberty Broadband from $200.00 to $185.00 in a research note on Wednesday, June 29th. Morgan Stanley decreased their target price on shares of Liberty Broadband from $139.00 to $122.00 and set an “equal weight” rating for the company in a research note on Friday, August 19th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $172.25.

Liberty Broadband Stock Down 2.6 %

The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $14.10 billion, a P/E ratio of 11.41 and a beta of 0.92. The stock’s 50 day simple moving average is $111.18 and its 200 day simple moving average is $121.16.

Liberty Broadband (NASDAQ:LBRDKGet Rating) last posted its quarterly earnings data on Friday, August 5th. The company reported $2.87 EPS for the quarter, beating analysts’ consensus estimates of $1.78 by $1.09. Liberty Broadband had a net margin of 142.14% and a return on equity of 13.94%. The firm had revenue of $239.00 million for the quarter, compared to the consensus estimate of $240.38 million. As a group, research analysts predict that Liberty Broadband Co. will post 8 EPS for the current fiscal year.

Institutional Trading of Liberty Broadband

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings 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 worth $1,719,435,000 after purchasing an additional 48,029 shares during the period. BlackRock Inc. raised its holdings in shares of Liberty Broadband by 0.4% during the first quarter. BlackRock Inc. now owns 9,083,321 shares of the company’s stock worth $1,229,152,000 after purchasing an additional 31,902 shares during the period. Aristeia Capital LLC raised its holdings in shares of Liberty Broadband by 14.1% during the first 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 raised its holdings in shares of Liberty Broadband by 13.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,505,165 shares of the company’s stock worth $752,258,000 after purchasing an additional 776,566 shares during the period. Finally, Principal Financial Group Inc. raised its holdings 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 worth $740,634,000 after purchasing an additional 109,761 shares during the period. 75.65% of the stock is owned by institutional investors and hedge funds.

Liberty Broadband Company Profile

(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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