Shares of Liberty Broadband Corp (NASDAQ:LBRDK) have received an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation.
Analysts have set a 1 year consensus price objective of $104.00 for the company and are anticipating that the company will post $0.28 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Liberty Broadband an industry rank of 130 out of 265 based on the ratings given to its competitors.
Several equities research analysts have recently issued reports on LBRDK shares. ValuEngine lowered shares of Liberty Broadband from a “hold” rating to a “sell” rating in a research report on Tuesday, February 27th. TheStreet raised shares of Liberty Broadband from a “c” rating to a “b” rating in a research report on Tuesday, February 20th. Finally, Zacks Investment Research raised shares of Liberty Broadband from a “hold” rating to a “strong-buy” rating and set a $107.00 price objective for the company in a research report on Saturday, January 20th.
In other news, Director John E. Welsh III purchased 2,000 shares of the stock in a transaction that occurred on Friday, December 22nd. The stock was acquired at an average cost of $85.50 per share, with a total value of $171,000.00. Following the acquisition, the director now owns 5,000 shares in the company, valued at $427,500. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 10.80% of the stock is currently owned by company insiders.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in LBRDK. Hound Partners LLC grew its holdings in Liberty Broadband by 31.9% during the 4th quarter. Hound Partners LLC now owns 2,784,184 shares of the company’s stock valued at $237,101,000 after purchasing an additional 674,078 shares in the last quarter. 3G Capital Partners LP acquired a new position in Liberty Broadband during the 3rd quarter worth $43,145,000. Hudson Bay Capital Management LP grew its holdings in Liberty Broadband by 2,861.7% during the 4th quarter. Hudson Bay Capital Management LP now owns 468,448 shares of the company’s stock worth $39,893,000 after acquiring an additional 452,631 shares in the last quarter. Renaissance Technologies LLC grew its holdings in Liberty Broadband by 257.8% during the 4th quarter. Renaissance Technologies LLC now owns 486,300 shares of the company’s stock worth $41,413,000 after acquiring an additional 350,384 shares in the last quarter. Finally, BlackRock Inc. grew its holdings in Liberty Broadband by 4.3% during the 4th quarter. BlackRock Inc. now owns 7,624,799 shares of the company’s stock worth $649,327,000 after acquiring an additional 311,170 shares in the last quarter. 54.66% of the stock is owned by institutional investors and hedge funds.
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Liberty Broadband Company Profile
Liberty Broadband Corporation holds interest in Charter Communications, Inc (Charter) and its subsidiary Skyhook Holding, Inc (Skyhook). The Company’s segments include Skyhook, Charter, and Corporate and other. Skyhook provides a wireless fidelity (Wi-Fi)-based location platform focused on providing positioning technology and contextual location intelligence solutions.
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