Liberty Broadband (LBRDA) Rating Lowered to Strong Sell at BidaskClub

Liberty Broadband (NASDAQ:LBRDA) was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Saturday.

LBRDA has been the subject of a number of other research reports. Telsey Advisory Group reissued an “outperform” rating and set a $125.00 target price (up previously from $95.00) on shares of Liberty Broadband in a report on Thursday, September 7th. increased their target price on Liberty Broadband from $108.00 to $113.00 and gave the company a “buy” rating in a report on Wednesday, November 15th. TheStreet cut Liberty Broadband from a “b” rating to a “c+” rating in a report on Wednesday, August 16th. Finally, Pivotal Research increased their target price on Liberty Broadband from $108.00 to $113.00 and gave the company a “buy” rating in a report on Wednesday, November 15th. One investment analyst has rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $113.25.

Liberty Broadband (NASDAQ:LBRDA) opened at $83.79 on Friday. The stock has a market capitalization of $15,236.79, a P/E ratio of 837.90 and a beta of 1.33. The company has a current ratio of 11.64, a quick ratio of 11.64 and a debt-to-equity ratio of 0.06. Liberty Broadband has a 1 year low of $69.64 and a 1 year high of $104.35.

Liberty Broadband (NASDAQ:LBRDA) last issued its quarterly earnings results on Thursday, November 9th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.08). Liberty Broadband had a return on equity of 0.22% and a net margin of 142.91%. equities analysts forecast that Liberty Broadband will post 0.13 EPS for the current fiscal year.

In related news, Director John C. Malone sold 45,000 shares of the stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $93.32, for a total value of $4,199,400.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John C. Malone sold 8,550 shares of the stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $94.87, for a total value of $811,138.50. The disclosure for this sale can be found here. Insiders have sold 141,600 shares of company stock valued at $13,372,539 in the last three months. Insiders own 6.09% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. UBS Asset Management Americas Inc. increased its stake in Liberty Broadband by 42.0% during the second quarter. UBS Asset Management Americas Inc. now owns 9,350 shares of the company’s stock worth $802,000 after acquiring an additional 2,764 shares during the last quarter. Public Employees Retirement System of Ohio increased its stake in Liberty Broadband by 18.3% during the second quarter. Public Employees Retirement System of Ohio now owns 11,382 shares of the company’s stock worth $976,000 after acquiring an additional 1,757 shares during the last quarter. State of Wisconsin Investment Board boosted its position in shares of Liberty Broadband by 1,541.8% during the second quarter. State of Wisconsin Investment Board now owns 83,272 shares of the company’s stock worth $7,144,000 after buying an additional 78,200 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Liberty Broadband by 8.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 62,829 shares of the company’s stock worth $5,391,000 after buying an additional 4,981 shares during the period. Finally, Markel Corp boosted its position in shares of Liberty Broadband by 12.0% during the third quarter. Markel Corp now owns 205,250 shares of the company’s stock worth $19,330,000 after buying an additional 22,000 shares during the period. 12.34% of the stock is owned by institutional investors.

COPYRIGHT VIOLATION WARNING: This story was originally posted by Transcript Daily and is owned by of Transcript Daily. If you are viewing this story on another domain, it was stolen and republished in violation of US and international trademark and copyright law. The original version of this story can be accessed at https://transcriptdaily.com/2017/12/11/liberty-broadband-lbrda-rating-lowered-to-strong-sell-at-bidaskclub.html.

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.

Receive News & Ratings for Liberty Broadband Corp Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Broadband Corp and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply