Shares of Liberty Broadband Corporation (NASDAQ:LBRDA) have earned an average recommendation of “Buy” from the seven analysts that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $91.40.
A number of analysts have commented on LBRDA shares. Zacks Investment Research upgraded shares of Liberty Broadband Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, March 28th. TheStreet upgraded shares of Liberty Broadband Corporation from a “c+” rating to a “b-” rating in a report on Wednesday, March 8th. Pivotal Research dropped their target price on shares of Liberty Broadband Corporation from $108.00 to $107.00 and set a “buy” rating on the stock in a report on Wednesday, April 5th. Finally, Telsey Advisory Group boosted their target price on shares of Liberty Broadband Corporation from $85.00 to $95.00 and gave the stock an “outperform” rating in a report on Friday, February 17th.
In other news, Director John C. Malone sold 40,000 shares of Liberty Broadband Corporation stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $87.67, for a total value of $3,506,800.00. Following the transaction, the director now directly owns 3,805,554 shares of the company’s stock, valued at $333,632,919.18. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 6.09% of the company’s stock.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. HighTower Advisors LLC increased its position in shares of Liberty Broadband Corporation by 13.2% in the third quarter. HighTower Advisors LLC now owns 8,924 shares of the company’s stock worth $623,000 after buying an additional 1,041 shares during the last quarter. CQS Cayman LP boosted its stake in Liberty Broadband Corporation by 279.3% in the third quarter. CQS Cayman LP now owns 38,723 shares of the company’s stock worth $2,717,000 after buying an additional 28,515 shares during the period. CSS LLC IL boosted its stake in Liberty Broadband Corporation by 12.4% in the third quarter. CSS LLC IL now owns 50,107 shares of the company’s stock worth $3,516,000 after buying an additional 5,536 shares during the period. Verition Fund Management LLC boosted its stake in Liberty Broadband Corporation by 258.5% in the third quarter. Verition Fund Management LLC now owns 12,177 shares of the company’s stock worth $854,000 after buying an additional 8,780 shares during the period. Finally, Calamos Advisors LLC boosted its stake in Liberty Broadband Corporation by 92.3% in the fourth quarter. Calamos Advisors LLC now owns 357,269 shares of the company’s stock worth $25,888,000 after buying an additional 171,503 shares during the period. 81.58% of the stock is currently owned by hedge funds and other institutional investors.
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Liberty Broadband Corporation (LBRDA) traded up 0.44% during midday trading on Tuesday, hitting $87.19. The stock had a trading volume of 161,692 shares. The stock has a market cap of $15.85 billion, a price-to-earnings ratio of 16.29 and a beta of 1.43. Liberty Broadband Corporation has a 12 month low of $55.30 and a 12 month high of $91.16. The stock has a 50 day moving average of $86.03 and a 200 day moving average of $81.97.
About Liberty Broadband Corporation
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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