Liberty Broadband Co. (NASDAQ:LBRDK) Receives Average Rating of “Hold” from Brokerages

Liberty Broadband Co. (NASDAQ:LBRDK – Get Rating) has earned a consensus rating of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $132.00.

A number of analysts have weighed in on LBRDK shares. TD Securities cut their price target on Liberty Broadband from $175.00 to $160.00 and set a “buy” rating on the stock in a research note on Tuesday, February 21st. StockNews.com cut Liberty Broadband from a “hold” rating to a “sell” rating in a research note on Friday, November 18th. Rosenblatt Securities cut their price target on Liberty Broadband from $133.00 to $132.00 and set a “buy” rating on the stock in a research note on Friday, February 24th. Finally, Citigroup raised their price objective on Liberty Broadband from $111.00 to $115.00 and gave the stock a “buy” rating in a report on Friday, March 3rd.

Institutional Investors Weigh In On Liberty Broadband

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Synovus Financial Corp lifted its position in shares of Liberty Broadband by 3.5% during the 3rd quarter. Synovus Financial Corp now owns 3,592 shares of the company’s stock valued at $269,000 after acquiring an additional 122 shares during the period. Meiji Yasuda Asset Management Co Ltd. raised its position in shares of Liberty Broadband by 0.7% during the 3rd quarter. Meiji Yasuda Asset Management Co Ltd. now owns 18,375 shares of the company’s stock worth $1,356,000 after purchasing an additional 130 shares during the last quarter. Captrust Financial Advisors raised its position in shares of Liberty Broadband by 3.3% during the 2nd quarter. Captrust Financial Advisors now owns 4,340 shares of the company’s stock worth $502,000 after purchasing an additional 139 shares during the last quarter. Asahi Life Asset Management CO. LTD. raised its position in shares of Liberty Broadband by 4.0% during the 4th quarter. Asahi Life Asset Management CO. LTD. now owns 3,625 shares of the company’s stock worth $276,000 after purchasing an additional 140 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its position in shares of Liberty Broadband by 1.6% during the 4th quarter. Daiwa Securities Group Inc. now owns 9,791 shares of the company’s stock worth $747,000 after purchasing an additional 158 shares during the last quarter. 76.81% of the stock is currently owned by institutional investors and hedge funds.

Liberty Broadband Stock Up 0.8 %

NASDAQ:LBRDK opened at $77.43 on Tuesday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.30. The stock’s fifty day moving average is $88.45 and its two-hundred day moving average is $85.72. Liberty Broadband has a 52 week low of $68.67 and a 52 week high of $142.55. The stock has a market capitalization of $11.33 billion, a price-to-earnings ratio of 9.74 and a beta of 1.14.

Liberty Broadband (NASDAQ:LBRDK – Get Rating) last announced its quarterly earnings data on Friday, February 17th. The company reported $1.26 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.80 by ($0.54). The company had revenue of $250.00 million during the quarter, compared to analyst estimates of $234.74 million. Liberty Broadband had a net margin of 128.92% and a return on equity of 14.08%. Research analysts anticipate that Liberty Broadband will post 7.52 EPS for the current year.

About Liberty Broadband

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Liberty Broadband Corp. operates as a holding company, which engages in the cable, broadband and mobile location technology businesses. It operates through its subsidiaries, Charter Communications, Inc and TruePosition, Inc The company was founded on March 28, 1991, and is headquartered in Englewood, CO.