Shares of Liberty Broadband Corp. (NASDAQ:LBRDK) have earned an average broker rating score of 3.00 (Hold) from the one brokers 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 target price 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 target price on the stock in a report on Wednesday, September 14th.
Shares of Liberty Broadband Corp. (NASDAQ:LBRDK) opened at 72.29 on Monday. The company has a market cap of $13.13 billion, a price-to-earnings ratio of 9.99 and a beta of 1.36. The stock has a 50 day moving average of $69.08 and a 200 day moving average of $61.37. Liberty Broadband Corp. has a 1-year low of $41.30 and a 1-year high of $72.55.
In related news, 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 value of $2,013,104.21. Following the sale, the director now owns 4,145,781 shares in the company, valued at $285,105,359.37. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $6,392,228.70. Following the completion of the sale, the director now owns 4,145,781 shares in the company, valued at approximately $283,364,131.35. The disclosure for this sale can be found here.
Hedge funds have recently added to or reduced their stakes in the stock. NEXT Financial Group Inc boosted its stake in Liberty Broadband Corp. by 759.5% in the second quarter. NEXT Financial Group Inc now owns 1,908 shares of the company’s stock valued at $114,000 after buying an additional 1,686 shares during the period. Canada Pension Plan Investment Board bought a new stake in Liberty Broadband Corp. during the second quarter valued at $169,000. Metropolitan Life Insurance Co. NY boosted its stake in Liberty Broadband Corp. by 58.0% in the second quarter. Metropolitan Life Insurance Co. NY now owns 3,055 shares of the company’s stock valued at $183,000 after buying an additional 1,121 shares during the period. FTB Advisors Inc. boosted its stake in Liberty Broadband Corp. by 2,803.7% in the second quarter. FTB Advisors Inc. now owns 3,107 shares of the company’s stock valued at $185,000 after buying an additional 3,000 shares during the period. Finally, Reliance Trust Co. of Delaware bought a new stake in Liberty Broadband Corp. during the second quarter valued at $205,000. Institutional investors and hedge funds own 66.54% of the company’s stock.
Liberty Broadband Corp. Company Profile
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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