Liberty Broadband Co. (NASDAQ:LBRDA – Get 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.
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
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.
- Get a free copy of the StockNews.com research report on Liberty Broadband (LBRDA)
- The Worst May be Over for Target, But is the Stock Safe to Buy?
- Are These Liquid Natural Gas Stocks Ready For An Upside Bounce?
- Two Fun Stocks The Insiders Are Buying
- Novavax Remains a Risk-On Stock in a Risk-Off Market
- 3 Defensive Stocks With 60-Year Dividend Hike Streaks
Receive News & Ratings for Liberty Broadband Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Broadband and related companies with MarketBeat.com's FREE daily email newsletter.