Liberty Broadband Corp Series C (LBRDK) Raised to “Hold” at ValuEngine

Liberty Broadband Corp Series C (NASDAQ:LBRDK) was upgraded by investment analysts at ValuEngine from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

Separately, Zacks Investment Research downgraded shares of Liberty Broadband Corp Series C from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 11th.

Shares of LBRDK stock traded up $0.47 on Thursday, reaching $83.76. 447,000 shares of the stock were exchanged, compared to its average volume of 822,372. The company has a current ratio of 8.49, a quick ratio of 8.49 and a debt-to-equity ratio of 0.05. The company has a market cap of $15.10 billion, a P/E ratio of 832.70 and a beta of 1.37. Liberty Broadband Corp Series C has a twelve month low of $68.33 and a twelve month high of $99.68.

Liberty Broadband Corp Series C (NASDAQ:LBRDK) last issued its earnings results on Wednesday, August 8th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.30 by ($0.24). The firm had revenue of $3.37 million for the quarter. Liberty Broadband Corp Series C had a return on equity of 20.47% and a net margin of 9,284.89%. equities analysts forecast that Liberty Broadband Corp Series C will post 0.9 EPS for the current year.

Several hedge funds have recently modified their holdings of the stock. Nissay Asset Management Corp Japan ADV lifted its position in Liberty Broadband Corp Series C by 8.6% in the second quarter. Nissay Asset Management Corp Japan ADV now owns 8,572 shares of the company’s stock valued at $649,000 after acquiring an additional 681 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in Liberty Broadband Corp Series C by 5.1% in the first quarter. Nomura Asset Management Co. Ltd. now owns 15,786 shares of the company’s stock valued at $1,353,000 after acquiring an additional 763 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in Liberty Broadband Corp Series C by 0.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 297,059 shares of the company’s stock valued at $22,494,000 after acquiring an additional 798 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Liberty Broadband Corp Series C by 3.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,418 shares of the company’s stock valued at $1,925,000 after acquiring an additional 943 shares during the last quarter. Finally, Toronto Dominion Bank lifted its position in Liberty Broadband Corp Series C by 16.2% in the first quarter. Toronto Dominion Bank now owns 7,337 shares of the company’s stock valued at $628,000 after acquiring an additional 1,021 shares during the last quarter. Hedge funds and other institutional investors own 57.49% of the company’s stock.

About Liberty Broadband Corp Series C

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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