Shares of Liberty Broadband (NASDAQ:LBRDK) have received an average broker rating score of 3.00 (Hold) from the one analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating.
Brokers have set a 12-month consensus price target of $104.00 for the company and are predicting that the company will post $0.06 EPS for the current quarter, according to Zacks. Zacks has also given Liberty Broadband an industry rank of 222 out of 265 based on the ratings given to its competitors.
LBRDK has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded shares of Liberty Broadband from a “buy” rating to a “hold” rating in a report on Wednesday, March 21st. TheStreet upgraded shares of Liberty Broadband from a “c” rating to a “b” rating in a report on Tuesday, February 20th. Finally, ValuEngine downgraded shares of Liberty Broadband from a “hold” rating to a “sell” rating in a report on Tuesday, February 27th.
Several large investors have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its stake in shares of Liberty Broadband by 7.7% in the third quarter. Dimensional Fund Advisors LP now owns 776,876 shares of the company’s stock valued at $74,031,000 after acquiring an additional 55,404 shares in the last quarter. Neuberger Berman Group LLC grew its stake in shares of Liberty Broadband by 256.0% in the third quarter. Neuberger Berman Group LLC now owns 58,200 shares of the company’s stock valued at $5,546,000 after acquiring an additional 41,850 shares in the last quarter. Appleton Partners Inc. MA acquired a new position in shares of Liberty Broadband in the fourth quarter valued at about $279,000. Gateway Investment Advisers LLC grew its stake in shares of Liberty Broadband by 712.4% in the fourth quarter. Gateway Investment Advisers LLC now owns 107,576 shares of the company’s stock valued at $9,161,000 after acquiring an additional 94,334 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. grew its stake in shares of Liberty Broadband by 8.2% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 277,467 shares of the company’s stock valued at $23,630,000 after acquiring an additional 20,931 shares in the last quarter. Hedge funds and other institutional investors own 54.62% of the company’s stock.
Shares of LBRDK opened at $81.59 on Monday. The firm has a market cap of $14,751.60, a P/E ratio of 813.50 and a beta of 1.40. Liberty Broadband has a 1-year low of $80.19 and a 1-year high of $104.66. The company has a debt-to-equity ratio of 0.05, a quick ratio of 7.97 and a current ratio of 7.97.
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About Liberty Broadband
Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential and commercial customers in the United States. It operates through Skyhook and Charter segments. The Skyhook segment offers Precision Location Solution, a location determination service for mobile device makers, wireless carriers, and asset tracking platforms to understanding the precise geographic location and movement of mobile devices; enhancing the location determination capabilities of a hybrid location system.
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