Liberty Broadband (NASDAQ:LBRDA) Downgraded by Rosenblatt Securities to "Neutral"

Rosenblatt Securities lowered shares of Liberty Broadband (NASDAQ:LBRDA - Free Report) from a buy rating to a neutral rating in a report issued on Thursday, MarketBeat reports. The firm currently has $92.00 price target on the stock, up from their previous price target of $91.00.

Separately, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Liberty Broadband from $104.00 to $90.00 and set a "buy" rating on the stock in a research note on Friday, August 16th.

Liberty Broadband Price Performance

Liberty Broadband stock traded down $3.51 during trading on Thursday, reaching $88.72. The company had a trading volume of 208,815 shares, compared to its average volume of 148,880. The firm's 50-day simple moving average is $76.68 and its 200 day simple moving average is $63.20. Liberty Broadband has a 1-year low of $47.17 and a 1-year high of $100.44. The firm has a market capitalization of $12.67 billion, a PE ratio of 16.99 and a beta of 1.04. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last released its quarterly earnings results on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.65 by ($0.66). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The company had revenue of $262.00 million during the quarter, compared to analysts' expectations of $242.40 million. During the same period last year, the firm posted $1.10 earnings per share.

Insider Buying and Selling at Liberty Broadband

In other news, insider Renee L. Wilm sold 4,423 shares of Liberty Broadband stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total value of $338,624.88. Following the transaction, the insider now owns 3,670 shares of the company's stock, valued at $280,975.20. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In related news, insider Renee L. Wilm sold 4,423 shares of the business's stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total transaction of $338,624.88. Following the transaction, the insider now owns 3,670 shares of the company's stock, valued at approximately $280,975.20. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Brian J. Wendling sold 2,208 shares of the business's stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $75.84, for a total transaction of $167,454.72. Following the transaction, the chief accounting officer now directly owns 11,054 shares in the company, valued at $838,335.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 14.19% of the company's stock.

Institutional Trading of Liberty Broadband

Several large investors have recently added to or reduced their stakes in LBRDA. American National Bank & Trust bought a new position in shares of Liberty Broadband during the third quarter worth $32,000. GAMMA Investing LLC boosted its position in shares of Liberty Broadband by 161.8% during the third quarter. GAMMA Investing LLC now owns 631 shares of the company's stock worth $48,000 after purchasing an additional 390 shares in the last quarter. Headlands Technologies LLC bought a new position in shares of Liberty Broadband during the first quarter worth $49,000. CWM LLC boosted its position in shares of Liberty Broadband by 112.6% during the second quarter. CWM LLC now owns 1,352 shares of the company's stock worth $74,000 after purchasing an additional 716 shares in the last quarter. Finally, Glenmede Trust Co. NA boosted its position in shares of Liberty Broadband by 116.6% during the third quarter. Glenmede Trust Co. NA now owns 990 shares of the company's stock worth $76,000 after purchasing an additional 533 shares in the last quarter. 10.29% of the stock is owned by 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.