Benchmark Issues Pessimistic Forecast for Liberty Broadband (NASDAQ:LBRDA) Stock Price

Liberty Broadband (NASDAQ:LBRDA) had its target price reduced by equities researchers at Benchmark from $130.00 to $115.00 in a research note issued on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Benchmark’s price objective would indicate a potential upside of 36.75% from the company’s previous close.

Liberty Broadband Stock Performance

NASDAQ LBRDA traded down $0.95 on Monday, hitting $84.10. 5,719 shares of the company’s stock traded hands, compared to its average volume of 150,808. The firm has a market capitalization of $12.05 billion, a PE ratio of 15.49 and a beta of 1.08. Liberty Broadband has a 1-year low of $47.17 and a 1-year high of $100.44. The firm’s 50-day moving average price is $80.65 and its two-hundred day moving average price is $79.76. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40.

Liberty Broadband (NASDAQ:LBRDA) last posted its quarterly earnings results on Thursday, February 27th. The company reported $2.04 EPS for the quarter, beating the consensus estimate of $1.73 by $0.31. The company had revenue of $263.00 million for the quarter, compared to analyst estimates of $252.50 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%.

Institutional Trading of Liberty Broadband

A number of hedge funds have recently added to or reduced their stakes in the company. Toronto Dominion Bank acquired a new stake in Liberty Broadband in the fourth quarter valued at approximately $10,190,000. CSS LLC IL grew its stake in Liberty Broadband by 128.6% in the 4th quarter. CSS LLC IL now owns 8,000 shares of the company’s stock valued at $595,000 after acquiring an additional 4,500 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Liberty Broadband by 19.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 39,065 shares of the company’s stock worth $2,905,000 after acquiring an additional 6,454 shares in the last quarter. Voloridge Investment Management LLC acquired a new position in Liberty Broadband during the fourth quarter worth $483,000. Finally, Quantinno Capital Management LP lifted its holdings in Liberty Broadband by 86.8% during the fourth quarter. Quantinno Capital Management LP now owns 6,311 shares of the company’s stock valued at $469,000 after purchasing an additional 2,933 shares in the last quarter. 10.29% of the stock is owned by hedge funds and other institutional investors.

About Liberty Broadband

Liberty Broadband Corporation engages in the communications businesses. The company’s GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.