Liberty Broadband (NASDAQ:LBRDA) PT Lowered to $72.00 at Evercore ISI

Liberty Broadband (NASDAQ:LBRDAFree Report) had its price target trimmed by Evercore ISI from $106.00 to $72.00 in a research report sent to investors on Tuesday, Marketbeat.com reports. The brokerage currently has an outperform rating on the stock.

Liberty Broadband Stock Performance

Shares of NASDAQ LBRDA opened at $54.22 on Tuesday. Liberty Broadband has a one year low of $47.17 and a one year high of $95.61. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.81 and a quick ratio of 1.81. The firm has a market cap of $7.75 billion, a price-to-earnings ratio of 9.21, a P/E/G ratio of 0.12 and a beta of 1.03. The stock’s fifty day moving average price is $52.23 and its two-hundred day moving average price is $60.22.

Liberty Broadband (NASDAQ:LBRDAGet Free Report) last issued its quarterly earnings results on Wednesday, May 8th. The company reported $1.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.80 by ($1.11). The company had revenue of $245.00 million during the quarter, compared to the consensus estimate of $248.46 million. Liberty Broadband had a net margin of 87.75% and a return on equity of 9.55%. On average, equities analysts forecast that Liberty Broadband will post 12.03 EPS for the current year.

Insider Activity at Liberty Broadband

In related news, Director J David Wargo sold 15,000 shares of the business’s stock in a transaction on Monday, April 8th. The stock was sold at an average price of $51.98, for a total transaction of $779,700.00. Following the sale, the director now owns 72,332 shares in the company, valued at approximately $3,759,817.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 14.19% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Liberty Broadband

A number of hedge funds have recently modified their holdings of the business. Headlands Technologies LLC bought a new stake in Liberty Broadband in the first quarter valued at approximately $49,000. Principal Securities Inc. acquired a new stake in Liberty Broadband in the fourth quarter worth $51,000. Spire Wealth Management increased its position in Liberty Broadband by 9,080.0% in the 1st quarter. Spire Wealth Management now owns 918 shares of the company’s stock valued at $52,000 after buying an additional 908 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in shares of Liberty Broadband in the 1st quarter worth $72,000. Finally, Citigroup Inc. increased its position in shares of Liberty Broadband by 14.2% during the third quarter. Citigroup Inc. now owns 1,348 shares of the company’s stock worth $123,000 after acquiring an additional 168 shares in the last quarter. Institutional investors and hedge funds own 10.29% of the company’s stock.

About Liberty Broadband

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Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand.

Further Reading

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