Liberty Broadband (NASDAQ:LBRDK) Hits New 12-Month Low at $88.52

Liberty Broadband Co. (NASDAQ:LBRDKGet Rating)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as $88.52 and last traded at $88.68, with a volume of 1950 shares changing hands. The stock had previously closed at $90.56.

Analysts Set New Price Targets

Several brokerages have recently commented on LBRDK. Morgan Stanley dropped their target price on shares of Liberty Broadband from $139.00 to $122.00 and set an “equal weight” rating for the company in a research report on Friday, August 19th. TD Securities dropped their target price on shares of Liberty Broadband from $200.00 to $185.00 in a research report on Wednesday, June 29th. Two equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $172.25.

Liberty Broadband Stock Performance

The stock’s 50-day moving average is $108.59 and its 200-day moving average is $119.40. The firm has a market capitalization of $13.37 billion, a price-to-earnings ratio of 10.81 and a beta of 0.92. The company has a current ratio of 1.23, a quick ratio of 1.23 and a debt-to-equity ratio of 0.43.

Liberty Broadband (NASDAQ:LBRDKGet Rating) last released its quarterly earnings data on Friday, August 5th. The company reported $2.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.78 by $1.09. The business had revenue of $239.00 million during the quarter, compared to analysts’ expectations of $240.38 million. Liberty Broadband had a net margin of 142.14% and a return on equity of 13.94%. On average, analysts predict that Liberty Broadband Co. will post 8 EPS for the current fiscal year.

Hedge Funds Weigh In On Liberty Broadband

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Godsey & Gibb Associates acquired a new position in Liberty Broadband in the 4th quarter valued at approximately $29,000. Prospera Financial Services Inc acquired a new position in Liberty Broadband in the 1st quarter valued at approximately $26,000. Rosenberg Matthew Hamilton acquired a new position in Liberty Broadband in the 2nd quarter valued at approximately $40,000. Private Trust Co. NA acquired a new position in Liberty Broadband in the 2nd quarter valued at approximately $40,000. Finally, CVA Family Office LLC boosted its stake in shares of Liberty Broadband by 4,437.5% in the 2nd quarter. CVA Family Office LLC now owns 363 shares of the company’s stock valued at $42,000 after purchasing an additional 355 shares during the last quarter. 75.65% of the stock is currently owned by institutional investors and hedge funds.

About Liberty Broadband

(Get Rating)

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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