Liberty Broadband Corp Series C (LBRDK) Reaches New 52-Week High at $97.41

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Shares of Liberty Broadband Corp Series C (NASDAQ:LBRDK) reached a new 52-week high on Wednesday . The stock traded as high as $97.41 and last traded at $96.59, with a volume of 11093 shares traded. The stock had previously closed at $95.98.

Several analysts recently weighed in on LBRDK shares. TheStreet upgraded Liberty Broadband Corp Series C from a “c+” rating to a “b-” rating in a research note on Thursday, January 31st. TD Securities upped their price target on Liberty Broadband Corp Series C from $105.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, March 1st. Finally, Zacks Investment Research upgraded Liberty Broadband Corp Series C from a “strong sell” rating to a “hold” rating in a research note on Wednesday, March 20th.

The company has a debt-to-equity ratio of 0.05, a current ratio of 10.33 and a quick ratio of 10.33. The company has a market cap of $17.24 billion, a P/E ratio of 254.22 and a beta of 1.40.

Liberty Broadband Corp Series C (NASDAQ:LBRDK) last issued its earnings results on Friday, February 8th. The company reported $0.08 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.30). Liberty Broadband Corp Series C had a net margin of 314.28% and a return on equity of 0.66%. The business had revenue of $3.58 million for the quarter. Analysts expect that Liberty Broadband Corp Series C will post 1.75 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. S&CO Inc. raised its holdings in Liberty Broadband Corp Series C by 0.3% during the first quarter. S&CO Inc. now owns 211,397 shares of the company’s stock valued at $19,394,000 after acquiring an additional 722 shares during the period. Mercer Global Advisors Inc. ADV bought a new stake in Liberty Broadband Corp Series C during the first quarter valued at about $1,418,000. Strs Ohio raised its holdings in Liberty Broadband Corp Series C by 16.5% during the first quarter. Strs Ohio now owns 6,991 shares of the company’s stock valued at $641,000 after acquiring an additional 992 shares during the period. Gulf International Bank UK Ltd raised its holdings in Liberty Broadband Corp Series C by 2.0% during the first quarter. Gulf International Bank UK Ltd now owns 24,965 shares of the company’s stock valued at $2,290,000 after acquiring an additional 500 shares during the period. Finally, IFM Investors Pty Ltd raised its holdings in Liberty Broadband Corp Series C by 23.4% during the first quarter. IFM Investors Pty Ltd now owns 7,213 shares of the company’s stock valued at $662,000 after acquiring an additional 1,367 shares during the period. Institutional investors and hedge funds own 56.86% 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 small and medium business customers in the United States. The company 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 understand the precise geographic location and movement of mobile devices, as well as for enhancing the location determination capabilities of a hybrid location system.

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