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

Liberty Broadband (NASDAQ:LBRDA - Free Report) had its price target trimmed by Benchmark from $130.00 to $115.00 in a report issued on Monday morning, Marketbeat reports. The brokerage currently has a buy rating on the stock.

Liberty Broadband Price Performance

NASDAQ:LBRDA traded down $6.44 during trading hours on Monday, reaching $77.12. 115,878 shares of the company traded hands, compared to its average volume of 151,737. Liberty Broadband has a 1-year low of $47.17 and a 1-year high of $100.44. The stock has a market cap of $11.05 billion, a P/E ratio of 14.28 and a beta of 1.03. The firm's 50-day moving average is $81.31 and its 200-day moving average is $80.19. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last posted its quarterly earnings data on Thursday, February 27th. The company reported $2.04 EPS 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 analysts' expectations of $252.50 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%.

Institutional Trading of Liberty Broadband

Institutional investors have recently made changes to their positions in the stock. Toronto Dominion Bank purchased a new position in shares of Liberty Broadband in the 4th quarter valued at $10,190,000. CSS LLC IL grew its stake in shares of Liberty Broadband by 128.6% in the fourth quarter. CSS LLC IL now owns 8,000 shares of the company's stock valued at $595,000 after buying an additional 4,500 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Liberty Broadband by 19.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 39,065 shares of the company's stock valued at $2,905,000 after buying an additional 6,454 shares during the period. Voloridge Investment Management LLC acquired a new position in Liberty Broadband during the 4th quarter worth approximately $483,000. Finally, Quantinno Capital Management LP boosted its holdings in Liberty Broadband by 86.8% in the 4th quarter. Quantinno Capital Management LP now owns 6,311 shares of the company's stock worth $469,000 after acquiring an additional 2,933 shares during the period. 10.29% of the stock is owned by hedge funds and other institutional investors.

About Liberty Broadband

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.