Liberty Broadband (NASDAQ:LBRDA) Reaches New 52-Week Low at $89.15

Liberty Broadband Co. (NASDAQ:LBRDAGet Rating) reached a new 52-week low on Tuesday . The company traded as low as $89.15 and last traded at $89.28, with a volume of 8526 shares traded. The stock had previously closed at $91.23.

Analyst Upgrades and Downgrades

Separately, Credit Suisse Group dropped their price target on shares of Liberty Broadband to $175.00 in a research note on Monday, August 15th.

Liberty Broadband Price Performance

The stock has a market capitalization of $13.47 billion, a P/E ratio of 10.90 and a beta of 0.96. The stock’s fifty day moving average is $108.01 and its 200-day moving average is $116.59. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.23 and a quick ratio of 1.23.

Liberty Broadband (NASDAQ:LBRDAGet Rating) last issued its quarterly earnings data on Friday, August 5th. The company reported $2.87 earnings per share (EPS) for the quarter. The firm had revenue of $239.00 million during the quarter. Liberty Broadband had a net margin of 142.14% and a return on equity of 13.94%. On average, equities analysts anticipate that Liberty Broadband Co. will post 16.31 earnings per share for the current year.

Institutional Investors Weigh In On Liberty Broadband

A number of hedge funds have recently bought and sold shares of LBRDA. TD Asset Management Inc. boosted its holdings in Liberty Broadband by 71.6% during the fourth quarter. TD Asset Management Inc. now owns 5,094 shares of the company’s stock valued at $819,000 after acquiring an additional 2,126 shares during the period. Covestor Ltd bought a new stake in Liberty Broadband during the fourth quarter valued at about $25,000. abrdn plc boosted its holdings in Liberty Broadband by 7.4% during the fourth quarter. abrdn plc now owns 2,122 shares of the company’s stock valued at $341,000 after acquiring an additional 147 shares during the period. Bank of Montreal Can boosted its holdings in Liberty Broadband by 100.6% during the fourth quarter. Bank of Montreal Can now owns 25,206 shares of the company’s stock valued at $4,119,000 after acquiring an additional 12,642 shares during the period. Finally, Ensign Peak Advisors Inc bought a new stake in Liberty Broadband during the fourth quarter valued at about $2,424,000. 11.17% of the stock is currently owned by institutional investors.

Liberty Broadband Company Profile

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Liberty Broadband Corporation engages in the communications businesses. It operates through GCI Holdings and Charter segments. The GCI Holdings segment provides a range of wireless, data, video, voice, and managed services to residential customers, businesses, governmental entities, and educational and medical institutions primarily in Alaska under the GCI brand.

Further Reading

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