Shares of Liberty Broadband Corp. (NASDAQ:LBRDK) have been given an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.
Brokerages have set a 12 month consensus price target of $78.00 for the company and are anticipating that the company will post $2.97 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Liberty Broadband Corp. an industry rank of 23 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded shares of Liberty Broadband Corp. from a “hold” rating to a “buy” rating and set a $79.00 price target on the stock in a report on Wednesday, September 14th.
Liberty Broadband Corp. (NASDAQ:LBRDK) opened at 72.29 on Monday. The firm has a market cap of $13.13 billion, a P/E ratio of 9.99 and a beta of 1.36. Liberty Broadband Corp. has a 12-month low of $41.30 and a 12-month high of $72.55. The firm’s 50-day moving average is $69.08 and its 200 day moving average is $61.37.
In related news, Director John C. Malone sold 93,522 shares of Liberty Broadband Corp. stock in a transaction on Tuesday, August 16th. The shares were sold at an average price of $68.35, for a total value of $6,392,228.70. Following the sale, the director now owns 4,145,781 shares in the company, valued at $283,364,131.35. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director John C. Malone sold 29,273 shares of Liberty Broadband Corp. stock in a transaction on Monday, August 15th. The shares were sold at an average price of $68.77, for a total transaction of $2,013,104.21. Following the completion of the sale, the director now owns 4,145,781 shares in the company, valued at approximately $285,105,359.37. The disclosure for this sale can be found here.
A number of hedge funds have recently added to or reduced their stakes in LBRDK. Coatue Management LLC bought a new stake in Liberty Broadband Corp. during the second quarter valued at $533,524,000. Vanguard Group Inc. raised its position in shares of Liberty Broadband Corp. by 88.8% in the second quarter. Vanguard Group Inc. now owns 8,635,212 shares of the company’s stock valued at $518,113,000 after buying an additional 4,062,639 shares in the last quarter. First Republic Investment Management Inc. raised its position in shares of Liberty Broadband Corp. by 100.7% in the first quarter. First Republic Investment Management Inc. now owns 4,639,530 shares of the company’s stock valued at $268,860,000 after buying an additional 2,327,987 shares in the last quarter. Locust Wood Capital Advisers LLC purchased a new position in shares of Liberty Broadband Corp. during the second quarter valued at approximately $66,458,000. Finally, Principal Financial Group Inc. raised its position in shares of Liberty Broadband Corp. by 18.5% in the second quarter. Principal Financial Group Inc. now owns 3,948,251 shares of the company’s stock valued at $236,893,000 after buying an additional 617,303 shares in the last quarter. Institutional investors and hedge funds own 66.54% of the company’s stock.
About Liberty Broadband Corp.
Liberty Broadband Corporation holds interests in Charter Communications, Inc (Charter), TruePosition, Inc (TruePosition) and Time Warner Cable, Inc (TWC). The Company’s segments include Trueposition, Charter, and Corporate and other. The TruePosition segment includes the operations of TruePosition, a subsidiary of the Company that develops and markets technology for locating wireless phones and other wireless devices on a cellular network, enabling wireless carriers and government agencies to provide public safety E-9-1-1 services domestically and services in support of national security and law enforcement across the world.
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