BidaskClub Downgrades Liberty Broadband (NASDAQ:LBRDA) to Sell

BidaskClub downgraded shares of Liberty Broadband (NASDAQ:LBRDA) from a hold rating to a sell rating in a report released on Thursday, January 18th.

A number of other equities research analysts also recently weighed in on the company. Pivotal Research lifted their target price on Liberty Broadband from $108.00 to $113.00 and gave the stock a buy rating in a report on Wednesday, November 15th. Buckingham Research began coverage on Liberty Broadband in a report on Wednesday, December 13th. They set a buy rating and a $119.00 price objective for the company. Finally, boosted their price objective on Liberty Broadband from $108.00 to $113.00 and gave the company a buy rating in a report on Wednesday, November 15th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Liberty Broadband currently has a consensus rating of Buy and a consensus target price of $117.50.

Shares of Liberty Broadband (LBRDA) opened at $89.09 on Thursday. Liberty Broadband has a 12 month low of $80.39 and a 12 month high of $104.35. The company has a debt-to-equity ratio of 0.06, a quick ratio of 11.64 and a current ratio of 11.64. The company has a market capitalization of $16,320.00, a PE ratio of 890.90 and a beta of 1.38.

In other Liberty Broadband news, Director John E. Welsh III bought 2,000 shares of the firm’s stock in a transaction on Friday, December 22nd. The shares were acquired at an average cost of $85.50 per share, for a total transaction of $171,000.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 6.09% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of LBRDA. Winslow Capital Management LLC purchased a new stake in Liberty Broadband during the 4th quarter valued at about $1,393,000. Wittenberg Investment Management Inc. boosted its holdings in Liberty Broadband by 62.8% during the 4th quarter. Wittenberg Investment Management Inc. now owns 17,149 shares of the company’s stock valued at $1,459,000 after acquiring an additional 6,612 shares during the period. Brown Advisory Inc. boosted its holdings in Liberty Broadband by 35.3% during the 4th quarter. Brown Advisory Inc. now owns 19,123 shares of the company’s stock valued at $1,626,000 after acquiring an additional 4,986 shares during the period. Alexandria Capital LLC boosted its holdings in Liberty Broadband by 3,833,600.0% during the 4th quarter. Alexandria Capital LLC now owns 38,337 shares of the company’s stock valued at $3,260,000 after acquiring an additional 38,336 shares during the period. Finally, Citadel Advisors LLC boosted its holdings in Liberty Broadband by 785.0% during the 4th quarter. Citadel Advisors LLC now owns 52,996 shares of the company’s stock valued at $4,507,000 after acquiring an additional 47,008 shares during the period. Hedge funds and other institutional investors own 12.30% of the company’s stock.

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About Liberty Broadband

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.

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