Liberty Broadband Corp Series C (LBRDK) Raised to Buy at ValuEngine

Liberty Broadband Corp Series C (NASDAQ:LBRDK) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a report issued on Thursday, ValuEngine reports.

LBRDK has been the subject of a number of other research reports. TD Securities boosted their price target on Liberty Broadband Corp Series C from $105.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, March 1st. Zacks Investment Research downgraded Liberty Broadband Corp Series C from a “hold” rating to a “sell” rating in a research note on Saturday, January 19th. Finally, TheStreet raised Liberty Broadband Corp Series C from a “c+” rating to a “b-” rating in a research note on Thursday, January 31st.

LBRDK stock traded up $0.23 during midday trading on Thursday, reaching $99.22. The company had a trading volume of 352,302 shares, compared to its average volume of 552,161. The company has a market cap of $18.04 billion, a PE ratio of 261.11 and a beta of 1.41. Liberty Broadband Corp Series C has a 1-year low of $68.33 and a 1-year high of $100.36. The company has a quick ratio of 12.76, a current ratio of 12.76 and a debt-to-equity ratio of 0.05.

Liberty Broadband Corp Series C (NASDAQ:LBRDK) last posted its quarterly earnings results on Friday, February 8th. The company reported $0.08 EPS for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.30). The company had revenue of $3.58 million during the quarter. Liberty Broadband Corp Series C had a net margin of 507.95% and a return on equity of 0.67%. On average, analysts anticipate that Liberty Broadband Corp Series C will post 1.78 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Icon Wealth Partners LLC bought a new stake in Liberty Broadband Corp Series C in the first quarter valued at approximately $58,000. BlackRock Inc. boosted its holdings in Liberty Broadband Corp Series C by 0.3% in the first quarter. BlackRock Inc. now owns 8,029,361 shares of the company’s stock valued at $736,613,000 after acquiring an additional 23,159 shares during the last quarter. Banyan Capital Management Inc. bought a new stake in Liberty Broadband Corp Series C in the first quarter valued at approximately $966,000. Weik Capital Management boosted its holdings in Liberty Broadband Corp Series C by 2.3% in the first quarter. Weik Capital Management now owns 27,448 shares of the company’s stock valued at $2,518,000 after acquiring an additional 620 shares during the last quarter. Finally, Anchor Capital Advisors LLC boosted its holdings in Liberty Broadband Corp Series C by 1.4% in the first quarter. Anchor Capital Advisors LLC now owns 292,235 shares of the company’s stock valued at $26,810,000 after acquiring an additional 3,960 shares during the last quarter. 56.75% of the stock is owned by institutional investors and hedge funds.

Liberty Broadband Corp Series C Company Profile

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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