Liberty Broadband (NASDAQ:LBRDA) Stock Rating Lowered by Rosenblatt Securities

Liberty Broadband (NASDAQ:LBRDA) was downgraded by stock analysts at Rosenblatt Securities from a “buy” rating to a “neutral” rating in a report released on Thursday,Briefing.com Automated Import reports. They presently have a $92.00 price objective on the stock, up from their previous price objective of $91.00. Rosenblatt Securities’ price objective indicates a potential downside of 0.25% from the company’s previous close.

Separately, Deutsche Bank Aktiengesellschaft decreased their target price on Liberty Broadband from $104.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, August 16th.

Liberty Broadband Price Performance

Shares of LBRDA stock opened at $92.23 on Thursday. The stock has a 50-day moving average price of $76.02 and a 200 day moving average price of $63.00. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The firm has a market cap of $13.18 billion, a price-to-earnings ratio of 16.99 and a beta of 1.04. Liberty Broadband has a 12 month low of $47.17 and a 12 month high of $100.44.

Liberty Broadband (NASDAQ:LBRDA) last posted its earnings results on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.66). The company had revenue of $262.00 million for the quarter, compared to analyst estimates of $242.40 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. During the same quarter in the previous year, the firm posted $1.10 earnings per share.

Insider Buying and Selling at Liberty Broadband

In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $75.84, for a total value of $167,454.72. Following the sale, the chief accounting officer now owns 11,054 shares in the company, valued at approximately $838,335.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $75.84, for a total value of $167,454.72. Following the sale, the chief accounting officer now owns 11,054 shares in the company, valued at approximately $838,335.36. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Renee L. Wilm sold 4,423 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $76.56, for a total value of $338,624.88. Following the sale, the insider now owns 3,670 shares in the company, valued at approximately $280,975.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 14.19% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. American National Bank & Trust acquired a new position in shares of Liberty Broadband during the 3rd quarter worth approximately $32,000. GAMMA Investing LLC increased its holdings in shares of Liberty Broadband by 161.8% during the 3rd quarter. GAMMA Investing LLC now owns 631 shares of the company’s stock worth $48,000 after acquiring an additional 390 shares during the last quarter. Headlands Technologies LLC acquired a new position in shares of Liberty Broadband during the 1st quarter worth approximately $49,000. Glenmede Trust Co. NA increased its holdings in shares of Liberty Broadband by 116.6% during the 3rd quarter. Glenmede Trust Co. NA now owns 990 shares of the company’s stock worth $76,000 after acquiring an additional 533 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale acquired a new position in shares of Liberty Broadband during the 3rd quarter worth approximately $79,000. 10.29% of the stock is owned by institutional investors and hedge funds.

About Liberty Broadband

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.