Liberty Broadband Corp Series A (NASDAQ:LBRDA) Short Interest Update

Liberty Broadband Corp Series A (NASDAQ:LBRDA) saw a large decrease in short interest during the month of September. As of September 30th, there was short interest totalling 330,000 shares, a decrease of 9.4% from the August 30th total of 364,400 shares. Based on an average daily volume of 112,200 shares, the short-interest ratio is presently 2.9 days. Currently, 1.4% of the company’s stock are short sold.

Several brokerages have weighed in on LBRDA. Deutsche Bank dropped their target price on Liberty Broadband Corp Series A from $118.00 to $117.00 and set a “buy” rating on the stock in a research report on Monday, August 19th. Benchmark began coverage on Liberty Broadband Corp Series A in a research report on Thursday, August 15th. They issued a “buy” rating and a $122.00 target price on the stock. TD Securities raised Liberty Broadband Corp Series A from a “hold” rating to a “buy” rating in a research report on Friday, August 9th. BidaskClub raised Liberty Broadband Corp Series A from a “buy” rating to a “strong-buy” rating in a research report on Friday, August 30th. Finally, ValuEngine lowered Liberty Broadband Corp Series A from a “hold” rating to a “sell” rating in a research report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Liberty Broadband Corp Series A presently has an average rating of “Buy” and a consensus target price of $111.57.

Several institutional investors and hedge funds have recently added to or reduced their stakes in LBRDA. FMR LLC boosted its stake in shares of Liberty Broadband Corp Series A by 27.0% during the 1st quarter. FMR LLC now owns 1,676,947 shares of the company’s stock worth $153,675,000 after acquiring an additional 356,233 shares in the last quarter. Nuveen Asset Management LLC bought a new stake in Liberty Broadband Corp Series A during the 2nd quarter valued at approximately $9,564,000. Renaissance Technologies LLC boosted its stake in Liberty Broadband Corp Series A by 1,944.4% during the 2nd quarter. Renaissance Technologies LLC now owns 55,200 shares of the company’s stock valued at $5,677,000 after purchasing an additional 52,500 shares during the period. Vanguard Group Inc. boosted its stake in Liberty Broadband Corp Series A by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 1,939,153 shares of the company’s stock valued at $199,423,000 after purchasing an additional 34,575 shares during the period. Finally, Carlson Capital L P bought a new stake in Liberty Broadband Corp Series A during the 2nd quarter valued at approximately $2,571,000. Institutional investors own 12.73% of the company’s stock.

LBRDA stock traded up $0.90 during mid-day trading on Thursday, hitting $110.70. The stock had a trading volume of 37,200 shares, compared to its average volume of 111,776. The stock has a market capitalization of $19.93 billion, a price-to-earnings ratio of 291.32 and a beta of 1.26. The company has a fifty day moving average of $106.60 and a 200 day moving average of $101.29. Liberty Broadband Corp Series A has a 1-year low of $68.76 and a 1-year high of $111.47. The company has a current ratio of 2.53, a quick ratio of 2.53 and a debt-to-equity ratio of 0.05.

Liberty Broadband Corp Series A (NASDAQ:LBRDA) last released its quarterly earnings results on Thursday, August 1st. The company reported $0.07 earnings per share (EPS) for the quarter. The company had revenue of $3.75 million during the quarter. Liberty Broadband Corp Series A had a return on equity of 0.68% and a net margin of 504.89%.

Liberty Broadband Corp Series A Company Profile

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential, and small and medium business customers in the United States. The company 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 understand the precise geographic location and movement of mobile devices, as well as for enhancing the location determination capabilities of a hybrid location system.

Recommended Story: What is an Initial Public Offering (IPO)?

Receive News & Ratings for Liberty Broadband Corp Series A Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Broadband Corp Series A and related companies with MarketBeat.com's FREE daily email newsletter.