Liberty Broadband (NASDAQ:LBRDA) Price Target Cut to $115.00 by Analysts at Benchmark

Liberty Broadband (NASDAQ:LBRDA - Free Report) had its price objective decreased by Benchmark from $130.00 to $115.00 in a report released on Monday, Marketbeat Ratings reports. Benchmark currently has a buy rating on the stock.

Liberty Broadband Stock Down 3.7 %

Shares of LBRDA traded down $3.24 during midday trading on Monday, hitting $83.56. The stock had a trading volume of 230,187 shares, compared to its average volume of 107,889. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The firm has a market cap of $11.97 billion, a price-to-earnings ratio of 15.39 and a beta of 1.03. The company has a 50 day simple moving average of $81.22 and a two-hundred day simple moving average of $80.16. Liberty Broadband has a twelve month low of $47.17 and a twelve month high of $100.44.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported $2.04 earnings per share for the quarter, topping analysts' consensus estimates of $1.73 by $0.31. The firm had revenue of $263.00 million during the quarter, compared to the consensus estimate of $252.50 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%.

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Hedge Funds Weigh In On Liberty Broadband

Institutional investors have recently added to or reduced their stakes in the company. FMR LLC raised its stake in Liberty Broadband by 1.0% in the 3rd quarter. FMR LLC now owns 2,761,528 shares of the company's stock valued at $212,141,000 after acquiring an additional 26,241 shares during the period. Aristeia Capital L.L.C. boosted its holdings in shares of Liberty Broadband by 9.1% during the 4th quarter. Aristeia Capital L.L.C. now owns 1,675,445 shares of the company's stock worth $124,586,000 after buying an additional 139,186 shares during the period. Vanguard Group Inc. grew its stake in Liberty Broadband by 3.5% in the 4th quarter. Vanguard Group Inc. now owns 1,462,794 shares of the company's stock valued at $108,773,000 after buying an additional 49,547 shares during the last quarter. JNE Partners LLP bought a new position in Liberty Broadband in the 4th quarter valued at about $47,230,000. Finally, Wealthfront Advisers LLC acquired a new stake in Liberty Broadband during the fourth quarter worth approximately $35,441,000. 10.29% of the stock is currently owned by institutional investors and hedge funds.

Liberty Broadband Company Profile

Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.