Liberty Broadband (NASDAQ:LBRDK) Given Buy Rating at Rosenblatt Securities

Rosenblatt Securities reiterated their buy rating on shares of Liberty Broadband (NASDAQ:LBRDK) in a research note published on Tuesday, Benzinga reports. They currently have a $144.00 price target on the stock.

A number of other research analysts have also weighed in on the company. StockNews.com initiated coverage on Liberty Broadband in a report on Thursday, August 17th. They set a sell rating on the stock. Morgan Stanley upped their price objective on Liberty Broadband from $100.00 to $110.00 and gave the stock an equal weight rating in a report on Monday, July 24th. Finally, Pivotal Research dropped their price objective on Liberty Broadband from $138.00 to $129.00 in a report on Monday, August 7th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of Hold and an average price target of $131.60.

Liberty Broadband Trading Down 2.7 %

NASDAQ LBRDK opened at $88.78 on Tuesday. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.03 and a current ratio of 2.03. The firm has a market cap of $12.98 billion, a PE ratio of 16.17 and a beta of 1.13. Liberty Broadband has a one year low of $68.67 and a one year high of $100.64. The firm’s fifty day moving average is $87.65 and its two-hundred day moving average is $82.03.

Liberty Broadband (NASDAQ:LBRDK) last released its earnings results on Friday, August 4th. The company reported $1.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.40 by ($0.69). The company had revenue of $245.00 million during the quarter, compared to analyst estimates of $237.90 million. Liberty Broadband had a net margin of 82.31% and a return on equity of 9.44%. Analysts expect that Liberty Broadband will post 7.72 earnings per share for the current year.

Insider Activity

In other news, CEO Gregory B. Maffei sold 1,135 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $92.02, for a total value of $104,442.70. Following the sale, the chief executive officer now directly owns 1,119,131 shares in the company, valued at $102,982,434.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 10.80% of the company’s stock.

Institutional Investors Weigh In On Liberty Broadband

A number of hedge funds and other institutional investors have recently made changes to their positions in LBRDK. JPMorgan Chase & Co. boosted its holdings in Liberty Broadband by 14.1% in the fourth quarter. JPMorgan Chase & Co. now owns 3,757,711 shares of the company’s stock valued at $286,601,000 after acquiring an additional 464,072 shares during the last quarter. Treasurer of the State of North Carolina boosted its holdings in Liberty Broadband by 0.6% in the first quarter. Treasurer of the State of North Carolina now owns 53,784 shares of the company’s stock valued at $4,394,000 after acquiring an additional 310 shares during the last quarter. Barclays PLC boosted its holdings in Liberty Broadband by 14.3% in the first quarter. Barclays PLC now owns 733,953 shares of the company’s stock valued at $59,964,000 after acquiring an additional 91,690 shares during the last quarter. Teacher Retirement System of Texas boosted its holdings in Liberty Broadband by 8.3% in the fourth quarter. Teacher Retirement System of Texas now owns 105,505 shares of the company’s stock valued at $8,047,000 after acquiring an additional 8,060 shares during the last quarter. Finally, Bessemer Group Inc. boosted its holdings in Liberty Broadband by 53.1% in the first quarter. Bessemer Group Inc. now owns 1,883 shares of the company’s stock valued at $154,000 after acquiring an additional 653 shares during the last quarter. Hedge funds and other institutional investors own 77.27% of the company’s stock.

About Liberty Broadband

Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand.