Liberty Broadband Corp Series C (NASDAQ:LBRDK) PT Raised to $117.00 at Morgan Stanley

Liberty Broadband Corp Series C (NASDAQ:LBRDK) had its target price lifted by equities research analysts at Morgan Stanley from $110.00 to $117.00 in a research report issued on Wednesday, BenzingaRatingsTable reports. The brokerage currently has an “equal weight” rating on the stock. Morgan Stanley’s price target suggests a potential upside of 9.02% from the stock’s current price.

A number of other research analysts also recently weighed in on the company. ValuEngine upgraded VESTAS WIND SYS/ADR from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. TheStreet upgraded White Mountains Insurance Group from a “c” rating to a “b” rating in a report on Monday, May 13th. BidaskClub downgraded Amyris from a “hold” rating to a “sell” rating in a report on Thursday, June 27th. Finally, Zacks Investment Research downgraded HEXO from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Liberty Broadband Corp Series C has a consensus rating of “Hold” and an average price target of $117.33.

Shares of LBRDK traded down $0.10 during midday trading on Wednesday, reaching $107.32. The stock had a trading volume of 570 shares, compared to its average volume of 498,623. Liberty Broadband Corp Series C has a 52 week low of $68.47 and a 52 week high of $108.79. The company has a quick ratio of 12.76, a current ratio of 12.76 and a debt-to-equity ratio of 0.05. The firm has a 50 day moving average of $103.43. The firm has a market cap of $19.45 billion, a P/E ratio of 283.45 and a beta of 1.29.

Liberty Broadband Corp Series C (NASDAQ:LBRDK) last issued its earnings results on Thursday, May 2nd. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.40). The company had revenue of $3.46 million during the quarter. Liberty Broadband Corp Series C had a return on equity of 0.67% and a net margin of 507.95%. Sell-side analysts expect that Liberty Broadband Corp Series C will post 1.7 earnings per share for the current year.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. LPL Financial LLC grew its position in Liberty Broadband Corp Series C by 3.8% in the 4th quarter. LPL Financial LLC now owns 4,172 shares of the company’s stock valued at $301,000 after acquiring an additional 151 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Liberty Broadband Corp Series C by 17.6% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 3,236 shares of the company’s stock valued at $233,000 after acquiring an additional 485 shares in the last quarter. United Services Automobile Association grew its position in Liberty Broadband Corp Series C by 0.9% in the 4th quarter. United Services Automobile Association now owns 29,224 shares of the company’s stock valued at $2,105,000 after acquiring an additional 270 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Liberty Broadband Corp Series C by 6.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 852,176 shares of the company’s stock valued at $61,384,000 after acquiring an additional 53,173 shares in the last quarter. Finally, Stifel Financial Corp grew its position in Liberty Broadband Corp Series C by 4.2% in the 4th quarter. Stifel Financial Corp now owns 36,277 shares of the company’s stock valued at $2,544,000 after acquiring an additional 1,467 shares in the last quarter. 55.08% of the stock is owned by institutional investors and hedge funds.

Liberty Broadband Corp Series C 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.

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