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

Rosenblatt Securities lowered shares of Liberty Broadband (NASDAQ:LBRDA) from a buy rating to a neutral rating in a research note released on Thursday morning, MarketBeat reports. Rosenblatt Securities currently has $92.00 target price on the stock, up from their prior target price of $91.00.

Separately, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Liberty Broadband from $104.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, August 16th.

Liberty Broadband Price Performance

Shares of LBRDA stock traded down $1.63 during trading hours on Thursday, reaching $87.66. The company had a trading volume of 161,473 shares, compared to its average volume of 149,527. Liberty Broadband has a 12-month low of $47.17 and a 12-month high of $100.44. The company has a market capitalization of $12.52 billion, a price-to-earnings ratio of 16.38 and a beta of 1.04. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a fifty day moving average of $77.26 and a 200-day moving average of $63.38.

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

Insiders Place Their Bets

In other Liberty Broadband news, insider Renee L. Wilm sold 4,423 shares of the business’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 transaction of $338,624.88. Following the transaction, the insider now owns 3,670 shares in the company, valued at approximately $280,975.20. The trade was a 54.65 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $75.84, for a total value of $167,454.72. Following the completion of the sale, the chief accounting officer now owns 11,054 shares in the company, valued at approximately $838,335.36. This trade represents a 16.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.19% of the stock is owned by insiders.

Institutional Trading of Liberty Broadband

Several large investors have recently modified their holdings of the business. American National Bank & Trust acquired a new position in shares of Liberty Broadband in the third quarter valued at approximately $32,000. GAMMA Investing LLC raised its holdings in Liberty Broadband by 161.8% in the 3rd quarter. GAMMA Investing LLC now owns 631 shares of the company’s stock valued at $48,000 after acquiring an additional 390 shares during the last quarter. Headlands Technologies LLC purchased a new position in shares of Liberty Broadband during the 1st quarter worth $49,000. Paloma Partners Management Co acquired a new stake in shares of Liberty Broadband during the third quarter worth $54,000. Finally, CWM LLC grew its position in shares of Liberty Broadband by 112.6% in the second quarter. CWM LLC now owns 1,352 shares of the company’s stock valued at $74,000 after purchasing an additional 716 shares during the period. 10.29% of the stock is currently 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.