Liberty Broadband Corp Series C (LBRDK) Trading 12.9% Higher

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Liberty Broadband Corp Series C (NASDAQ:LBRDK)’s share price traded up 12.9% during mid-day trading on Thursday . The stock traded as high as $86.45 and last traded at $85.02. 1,766,673 shares changed hands during trading, an increase of 233% from the average session volume of 530,065 shares. The stock had previously closed at $75.33.

Several equities analysts have issued reports on the stock. TheStreet upgraded shares of Liberty Broadband Corp Series C from a “c+” rating to a “b” rating in a research note on Tuesday, November 6th. Zacks Investment Research upgraded shares of Liberty Broadband Corp Series C from a “hold” rating to a “buy” rating and set a $91.00 target price on the stock in a research note on Thursday, November 1st.

The company has a debt-to-equity ratio of 0.05, a quick ratio of 9.56 and a current ratio of 9.56.

Liberty Broadband Corp Series C (NASDAQ:LBRDK) last issued its quarterly earnings data on Thursday, November 1st. The company reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.27). Liberty Broadband Corp Series C had a return on equity of 20.10% and a net margin of 9,562.04%. The business had revenue of $3.52 million during the quarter. Analysts anticipate that Liberty Broadband Corp Series C will post 0.7 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the company. NEXT Financial Group Inc bought a new position in shares of Liberty Broadband Corp Series C in the 3rd quarter worth approximately $166,000. Holistic Financial Partners purchased a new stake in Liberty Broadband Corp Series C in the 3rd quarter worth approximately $205,000. Intellectus Partners LLC increased its holdings in Liberty Broadband Corp Series C by 1,732.3% in the 3rd quarter. Intellectus Partners LLC now owns 2,437 shares of the company’s stock worth $205,000 after acquiring an additional 2,304 shares in the last quarter. Alexandria Capital LLC purchased a new stake in Liberty Broadband Corp Series C in the 3rd quarter worth approximately $206,000. Finally, Oppenheimer Asset Management Inc. purchased a new stake in Liberty Broadband Corp Series C in the 3rd quarter worth approximately $207,000. Hedge funds and other institutional investors own 57.58% of the company’s stock.

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About Liberty Broadband Corp Series C (NASDAQ:LBRDK)

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential and commercial customers in the United States. It operates through Skyhook and Charter segments. The Skyhook segment offers Precision Location Solution, a location determination service for mobile device makers, wireless carriers, and asset tracking platforms to understanding the precise geographic location and movement of mobile devices; enhancing the location determination capabilities of a hybrid location system.

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