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

ValuEngine downgraded shares of Liberty Broadband Corp Series A (NASDAQ:LBRDA) from a buy rating to a hold rating in a research report report published on Thursday morning, ValuEngine reports.

Several other research firms have also commented on LBRDA. Macquarie lowered shares of Liberty Broadband Corp Series A from an outperform rating to a neutral rating and set a $104.00 price target on the stock. in a research report on Tuesday, April 9th. TheStreet lowered shares of Liberty Broadband Corp Series A from a b- rating to a c rating in a research report on Monday, May 13th. BidaskClub lowered shares of Liberty Broadband Corp Series A from a strong-buy rating to a buy rating in a research report on Tuesday, July 23rd. Zacks Investment Research raised shares of Liberty Broadband Corp Series A from a sell rating to a hold rating in a research report on Tuesday, June 4th. Finally, Deutsche Bank lifted their price target on shares of Liberty Broadband Corp Series A from $107.00 to $118.00 and gave the company a buy rating in a research report on Friday, May 17th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company currently has an average rating of Buy and a consensus price target of $107.00.

Shares of LBRDA stock traded down $0.26 during trading on Thursday, hitting $97.72. 79,445 shares of the stock traded hands, compared to its average volume of 115,814. The company has a market capitalization of $17.78 billion, a price-to-earnings ratio of 257.16 and a beta of 1.30. The company has a debt-to-equity ratio of 0.05, a current ratio of 12.76 and a quick ratio of 12.76. The firm’s fifty day moving average price is $103.08. Liberty Broadband Corp Series A has a 52-week low of $68.76 and a 52-week high of $107.39.

Liberty Broadband Corp Series A (NASDAQ:LBRDA) last released its quarterly earnings results on Thursday, May 2nd. The company reported ($0.08) EPS for the quarter. The firm had revenue of $3.46 million for the quarter. Liberty Broadband Corp Series A had a net margin of 507.95% and a return on equity of 0.67%. On average, equities analysts forecast that Liberty Broadband Corp Series A will post 0.85 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. FMR LLC grew its stake in shares of Liberty Broadband Corp Series A by 27.0% in the first quarter. FMR LLC now owns 1,676,947 shares of the company’s stock worth $153,675,000 after acquiring an additional 356,233 shares in the last quarter. Norges Bank acquired a new position in shares of Liberty Broadband Corp Series A in the fourth quarter worth $47,436,000. Geode Capital Management LLC grew its stake in shares of Liberty Broadband Corp Series A by 22.4% in the fourth quarter. Geode Capital Management LLC now owns 306,757 shares of the company’s stock worth $22,028,000 after acquiring an additional 56,177 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Liberty Broadband Corp Series A by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 193,936 shares of the company’s stock worth $13,927,000 after acquiring an additional 4,598 shares in the last quarter. Finally, Allen Investment Management LLC grew its stake in shares of Liberty Broadband Corp Series A by 3.1% in the first quarter. Allen Investment Management LLC now owns 121,951 shares of the company’s stock worth $11,176,000 after acquiring an additional 3,664 shares in the last quarter. 11.96% of the stock is currently owned by institutional investors.

Liberty Broadband Corp Series A 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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