Liberty Broadband (NASDAQ:LBRDA) Cut to Neutral at Rosenblatt Securities

Rosenblatt Securities lowered shares of Liberty Broadband (NASDAQ:LBRDA) from a buy rating to a neutral rating in a research report sent to investors on Thursday, Marketbeat Ratings reports. Rosenblatt Securities currently has $92.00 target price on the stock, up from their prior target price of $91.00.

Separately, Deutsche Bank Aktiengesellschaft cut their price target on shares of Liberty Broadband from $104.00 to $90.00 and set a “buy” rating on the stock in a report on Friday, August 16th.

Liberty Broadband Stock Down 1.8 %

Shares of NASDAQ:LBRDA opened at $87.64 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The company has a market cap of $12.52 billion, a PE ratio of 16.14 and a beta of 1.04. Liberty Broadband has a 52 week low of $47.17 and a 52 week high of $100.44. The firm has a 50 day simple moving average of $77.82 and a 200 day simple moving average of $63.74.

Liberty Broadband (NASDAQ:LBRDA) last issued its quarterly earnings results on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.66). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The firm had revenue of $262.00 million during the quarter, compared to analysts’ expectations of $242.40 million. During the same quarter last year, the company posted $1.10 EPS.

Insider Transactions at Liberty Broadband

In related news, insider Renee L. Wilm sold 4,423 shares of Liberty Broadband stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total transaction of $338,624.88. Following the completion of the transaction, the insider now directly owns 3,670 shares of the company’s stock, valued at $280,975.20. This trade represents a 54.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $75.84, for a total transaction of $167,454.72. Following the transaction, the chief accounting officer now directly owns 11,054 shares of the company’s stock, valued at $838,335.36. This represents a 16.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 14.19% of the stock is owned by insiders.

Hedge Funds Weigh In On Liberty Broadband

Institutional investors have recently modified their holdings of the stock. M&T Bank Corp acquired a new stake in shares of Liberty Broadband during the 3rd quarter worth approximately $338,000. Barclays PLC grew its holdings in Liberty Broadband by 244.6% during the third quarter. Barclays PLC now owns 4,887 shares of the company’s stock valued at $375,000 after purchasing an additional 3,469 shares during the period. Stifel Financial Corp acquired a new position in Liberty Broadband during the third quarter valued at approximately $1,235,000. Quantinno Capital Management LP acquired a new position in Liberty Broadband during the third quarter valued at approximately $260,000. Finally, Ionic Capital Management LLC acquired a new position in Liberty Broadband during the third quarter valued at approximately $1,322,000. 10.29% of the stock is owned by 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.