Liberty Broadband Co. (NASDAQ:LBRDK - Get Free Report) shares hit a new 52-week high on Friday . The stock traded as high as $93.66 and last traded at $93.17, with a volume of 365435 shares trading hands. The stock had previously closed at $80.82.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the stock. Morgan Stanley increased their target price on shares of Liberty Broadband from $62.00 to $69.00 and gave the stock an "equal weight" rating in a research report on Friday, July 19th. Rosenblatt Securities lifted their price objective on Liberty Broadband from $80.00 to $91.00 and gave the company a "buy" rating in a report on Wednesday, August 14th.
Check Out Our Latest Stock Analysis on Liberty Broadband
Liberty Broadband Price Performance
The firm has a market cap of $12.84 billion, a P/E ratio of 16.66 and a beta of 1.03. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.39. The business's 50 day moving average is $71.42 and its two-hundred day moving average is $60.68.
Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.51 by ($1.15). The business had revenue of $246.00 million for the quarter, compared to the consensus estimate of $244.25 million. Liberty Broadband had a return on equity of 8.79% and a net margin of 81.86%. During the same quarter in the previous year, the company posted $1.71 earnings per share. As a group, analysts anticipate that Liberty Broadband Co. will post 8.45 earnings per share for the current year.
Insider Transactions at Liberty Broadband
In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of the stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $75.84, for a total value of $167,454.72. Following the completion of the sale, the chief accounting officer now owns 11,054 shares in the company, valued at approximately $838,335.36. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of the 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 completion of the transaction, the chief accounting officer now directly owns 11,054 shares of the company's stock, valued at approximately $838,335.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Renee L. Wilm sold 4,423 shares of the company's stock in a transaction 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 directly owns 3,670 shares in the company, valued at $280,975.20. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 10.80% of the stock is owned by insiders.
Hedge Funds Weigh In On Liberty Broadband
Several hedge funds have recently bought and sold shares of the company. Assenagon Asset Management S.A. raised its holdings in shares of Liberty Broadband by 107.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,899,318 shares of the company's stock valued at $224,088,000 after acquiring an additional 1,502,249 shares in the last quarter. Whitebox Advisors LLC lifted its position in Liberty Broadband by 29.5% during the second quarter. Whitebox Advisors LLC now owns 2,978,107 shares of the company's stock valued at $163,260,000 after purchasing an additional 677,785 shares during the last quarter. Millennium Management LLC increased its holdings in shares of Liberty Broadband by 67.4% in the 2nd quarter. Millennium Management LLC now owns 1,032,186 shares of the company's stock worth $56,584,000 after buying an additional 415,619 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Liberty Broadband by 19.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,062,256 shares of the company's stock valued at $113,045,000 after buying an additional 330,159 shares in the last quarter. Finally, Natixis Advisors LLC grew its position in Liberty Broadband by 147.6% in the second quarter. Natixis Advisors LLC now owns 425,921 shares of the company's stock worth $23,349,000 after acquiring an additional 253,884 shares in the last quarter. Hedge funds and other institutional investors own 80.22% of the company's stock.
About Liberty Broadband
(
Get Free Report)
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.
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