Liberty Broadband (NASDAQ:LBRDA) Given "Hold" Rating at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reissued their hold rating on shares of Liberty Broadband (NASDAQ:LBRDA - Free Report) in a research note published on Friday morning, MarketBeat.com reports. They currently have a $95.00 price objective on the stock, up from their previous price objective of $90.00.

Separately, Rosenblatt Securities downgraded shares of Liberty Broadband from a "buy" rating to a "neutral" rating and increased their price objective for the company from $91.00 to $92.00 in a research note on Thursday.

Liberty Broadband Trading Down 1.8 %

LBRDA stock traded down $1.65 on Friday, hitting $87.64. 188,400 shares of the company were exchanged, compared to its average volume of 149,649. Liberty Broadband has a twelve month low of $47.17 and a twelve month high of $100.44. 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 business's fifty day moving average is $77.26 and its two-hundred day moving average is $63.38. The stock has a market capitalization of $12.52 billion, a price-to-earnings ratio of 16.38 and a beta of 1.04.

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

Insider Activity

In other Liberty Broadband news, insider Renee L. Wilm sold 4,423 shares of Liberty Broadband 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 sale, the insider now owns 3,670 shares in the company, valued at $280,975.20. The trade was a 54.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband 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 sale, the chief accounting officer now owns 11,054 shares in the company, valued at $838,335.36. This represents a 16.65 % decrease in their position. The disclosure for this sale can be found here. Insiders own 14.19% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in LBRDA. Long Focus Capital Management LLC raised its holdings in shares of Liberty Broadband by 61.9% in the second quarter. Long Focus Capital Management LLC now owns 370,100 shares of the company's stock valued at $20,207,000 after buying an additional 141,500 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Liberty Broadband by 38.3% in the second quarter. Dimensional Fund Advisors LP now owns 376,293 shares of the company's stock valued at $20,544,000 after buying an additional 104,268 shares during the last quarter. Private Management Group Inc. raised its holdings in shares of Liberty Broadband by 29.8% in the second quarter. Private Management Group Inc. now owns 388,923 shares of the company's stock valued at $21,235,000 after buying an additional 89,317 shares during the last quarter. Verition Fund Management LLC bought a new position in shares of Liberty Broadband in the third quarter valued at about $6,402,000. Finally, Cowen AND Company LLC bought a new position in shares of Liberty Broadband in the second quarter valued at about $4,445,000. 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.