StockNews.com Upgrades Liberty Broadband (NASDAQ:LBRDK) to “Hold”

Liberty Broadband (NASDAQ:LBRDK) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Wednesday.

LBRDK has been the topic of a number of other reports. Rosenblatt Securities reissued a “buy” rating and issued a $144.00 target price on shares of Liberty Broadband in a research note on Tuesday, September 5th. Pivotal Research decreased their target price on Liberty Broadband from $138.00 to $129.00 in a research note on Monday, August 7th. Morgan Stanley boosted their price target on shares of Liberty Broadband from $100.00 to $110.00 and gave the company an “equal weight” rating in a research report on Monday, July 24th. Finally, Citigroup cut their target price on Liberty Broadband from $130.00 to $107.00 and set a “buy” rating on the stock in a research report on Wednesday, November 1st. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $130.00.

Liberty Broadband Price Performance

NASDAQ:LBRDK opened at $83.67 on Wednesday. Liberty Broadband has a 52 week low of $68.67 and a 52 week high of $96.88. The company has a quick ratio of 1.88, a current ratio of 1.88 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $12.22 billion, a PE ratio of 18.43 and a beta of 1.16. The stock’s 50-day moving average price is $88.84 and its 200-day moving average price is $84.82.

Institutional Investors Weigh In On Liberty Broadband

Hedge funds and other institutional investors have recently modified their holdings of the stock. OFI Invest Asset Management acquired a new position in shares of Liberty Broadband during the 3rd quarter worth approximately $26,000. State of Wyoming raised its position in shares of Liberty Broadband by 33.7% during the 2nd quarter. State of Wyoming now owns 472 shares of the company’s stock worth $38,000 after purchasing an additional 119 shares during the last quarter. Delta Asset Management LLC TN raised its position in shares of Liberty Broadband by 425.6% during the 2nd quarter. Delta Asset Management LLC TN now owns 615 shares of the company’s stock worth $49,000 after purchasing an additional 498 shares during the last quarter. Milestone Investment Advisors LLC acquired a new position in shares of Liberty Broadband during the 1st quarter worth approximately $51,000. Finally, FNY Investment Advisers LLC raised its position in shares of Liberty Broadband by 230.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 660 shares of the company’s stock worth $52,000 after purchasing an additional 460 shares during the last quarter. 77.27% of the stock is currently owned by institutional investors and hedge funds.

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.