Liberty Broadband Corp Series A (NASDAQ:LBRDA) Downgraded by Macquarie

Liberty Broadband Corp Series A (NASDAQ:LBRDA) was downgraded by investment analysts at Macquarie from an “outperform” rating to a “neutral” rating in a research note issued on Tuesday, April 9th, Marketbeat.com reports. They currently have a $104.00 target price on the stock. Macquarie’s price target would suggest a potential upside of 4.02% from the stock’s previous close.

A number of other equities analysts have also weighed in on the company. BidaskClub lowered Liberty Broadband Corp Series A from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 1st. Zacks Investment Research lowered Liberty Broadband Corp Series A from a “buy” rating to a “hold” rating in a research report on Wednesday, January 16th. TheStreet lowered Liberty Broadband Corp Series A from a “b” rating to a “c+” rating in a research report on Monday, December 24th. TD Securities started coverage on Liberty Broadband Corp Series A in a research report on Wednesday, January 16th. They issued a “buy” rating and a $105.00 target price for the company. Finally, Pivotal Research reissued a “buy” rating and issued a $107.00 target price on shares of Liberty Broadband Corp Series A in a research report on Tuesday, March 5th. Two investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $106.83.

Liberty Broadband Corp Series A stock traded up $1.64 during mid-day trading on Tuesday, reaching $99.98. The stock had a trading volume of 85,547 shares, compared to its average volume of 121,188. The stock has a market cap of $18.13 billion, a price-to-earnings ratio of 263.11 and a beta of 1.43. Liberty Broadband Corp Series A has a one year low of $67.75 and a one year high of $100.25. The company has a debt-to-equity ratio of 0.05, a current ratio of 10.33 and a quick ratio of 10.33.

Liberty Broadband Corp Series A (NASDAQ:LBRDA) last announced its quarterly earnings results on Friday, February 8th. The company reported $0.08 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.44 by ($0.36). The firm had revenue of $3.58 million during the quarter, compared to the consensus estimate of $3.43 million. Liberty Broadband Corp Series A had a return on equity of 0.66% and a net margin of 314.28%. On average, equities analysts expect that Liberty Broadband Corp Series A will post 1.35 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. FMR LLC raised its position in shares of Liberty Broadband Corp Series A by 74.6% during the third quarter. FMR LLC now owns 1,076,939 shares of the company’s stock valued at $90,818,000 after buying an additional 460,116 shares during the last quarter. Hsbc Holdings PLC acquired a new position in shares of Liberty Broadband Corp Series A during the third quarter valued at about $265,000. LPL Financial LLC acquired a new position in shares of Liberty Broadband Corp Series A during the third quarter valued at about $220,000. Verition Fund Management LLC raised its position in shares of Liberty Broadband Corp Series A by 22.3% during the third quarter. Verition Fund Management LLC now owns 4,510 shares of the company’s stock valued at $380,000 after buying an additional 822 shares during the last quarter. Finally, Great Lakes Advisors LLC acquired a new position in shares of Liberty Broadband Corp Series A during the third quarter valued at about $349,000. 12.63% of the stock is owned by hedge funds and other institutional investors.

About Liberty Broadband Corp Series A

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential, and small and medium business customers in the United States. The company operates through Skyhook and Charter segments. The Skyhook segment offers Precision Location Solution, a location determination service for mobile device makers, wireless carriers, and asset tracking platforms to understand the precise geographic location and movement of mobile devices, as well as for enhancing the location determination capabilities of a hybrid location system.

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