Liberty Broadband (LBRDK) Lifted to “B” at TheStreet

TheStreet upgraded shares of Liberty Broadband (NASDAQ:LBRDK) from a c rating to a b rating in a research note released on Tuesday.

Separately, Zacks Investment Research upgraded Liberty Broadband from a hold rating to a strong-buy rating and set a $107.00 target price on the stock in a research report on Saturday, January 20th.

Liberty Broadband (LBRDK) opened at $91.20 on Tuesday. The stock has a market capitalization of $16,523.25, a PE ratio of 912.09 and a beta of 1.36. Liberty Broadband has a 52-week low of $80.41 and a 52-week high of $104.66. The company has a debt-to-equity ratio of 0.05, a current ratio of 7.97 and a quick ratio of 7.97.

In other Liberty Broadband news, Director John E. Welsh III bought 2,000 shares of the company’s stock in a transaction on Friday, December 22nd. The shares were bought at an average price of $85.50 per share, for a total transaction of $171,000.00. Following the transaction, the director now owns 5,000 shares of the company’s stock, valued at approximately $427,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 10.80% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Liberty Broadband by 5.1% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 2,614 shares of the company’s stock worth $227,000 after acquiring an additional 128 shares in the last quarter. Toronto Dominion Bank boosted its stake in shares of Liberty Broadband by 12.4% during the 2nd quarter. Toronto Dominion Bank now owns 1,316 shares of the company’s stock worth $114,000 after acquiring an additional 145 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in shares of Liberty Broadband by 0.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 46,569 shares of the company’s stock worth $4,040,000 after acquiring an additional 430 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Liberty Broadband by 2.6% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 24,475 shares of the company’s stock worth $2,332,000 after acquiring an additional 617 shares in the last quarter. Finally, Global X MANAGEMENT CO LLC boosted its stake in shares of Liberty Broadband by 16.9% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 4,315 shares of the company’s stock worth $411,000 after acquiring an additional 623 shares in the last quarter. Institutional investors own 53.73% 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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