Zacks: Liberty Broadband Corp Series C (LBRDK) Given Consensus Rating of “Hold” by Brokerages

Shares of Liberty Broadband Corp Series C (NASDAQ:LBRDK) have earned an average broker rating score of 3.00 (Hold) from the one analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation.

Brokers have set a 12 month consensus target price of $104.00 for the company and are expecting that the company will post $0.26 EPS for the current quarter, according to Zacks. Zacks has also assigned Liberty Broadband Corp Series C an industry rank of 28 out of 255 based on the ratings given to related companies.

A number of brokerages recently weighed in on LBRDK. ValuEngine upgraded shares of Liberty Broadband Corp Series C from a “sell” rating to a “hold” rating in a report on Thursday, September 27th. Zacks Investment Research downgraded shares of Liberty Broadband Corp Series C from a “strong-buy” rating to a “hold” rating in a report on Wednesday, July 11th.



A number of institutional investors and hedge funds have recently modified their holdings of the stock. Nissay Asset Management Corp Japan ADV increased its holdings in Liberty Broadband Corp Series C by 8.6% during the second quarter. Nissay Asset Management Corp Japan ADV now owns 8,572 shares of the company’s stock worth $649,000 after buying an additional 681 shares during the last quarter. Schwab Charles Investment Management Inc. increased its holdings in shares of Liberty Broadband Corp Series C by 0.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 297,059 shares of the company’s stock valued at $22,494,000 after purchasing an additional 798 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Liberty Broadband Corp Series C by 3.9% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,418 shares of the company’s stock valued at $1,925,000 after purchasing an additional 943 shares during the last quarter. Xact Kapitalforvaltning AB increased its holdings in shares of Liberty Broadband Corp Series C by 9.8% in the second quarter. Xact Kapitalforvaltning AB now owns 11,729 shares of the company’s stock valued at $888,000 after purchasing an additional 1,042 shares during the last quarter. Finally, Cibc Bank USA increased its holdings in shares of Liberty Broadband Corp Series C by 9.6% in the second quarter. Cibc Bank USA now owns 12,515 shares of the company’s stock valued at $948,000 after purchasing an additional 1,100 shares during the last quarter. Institutional investors and hedge funds own 57.23% of the company’s stock.

Shares of LBRDK stock traded down $4.24 during trading on Friday, reaching $76.65. The company’s stock had a trading volume of 1,447,910 shares, compared to its average volume of 698,189. The company has a quick ratio of 8.49, a current ratio of 8.49 and a debt-to-equity ratio of 0.05. The firm has a market cap of $14.67 billion, a PE ratio of 808.90 and a beta of 1.37. Liberty Broadband Corp Series C has a one year low of $68.33 and a one year high of $99.68.

Liberty Broadband Corp Series C (NASDAQ:LBRDK) last issued its earnings results on Wednesday, August 8th. The company reported $0.06 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.24). The firm had revenue of $3.37 million for the quarter. Liberty Broadband Corp Series C had a return on equity of 20.47% and a net margin of 9,284.89%. On average, equities analysts predict that Liberty Broadband Corp Series C will post 0.9 earnings per share for the current fiscal year.

Liberty Broadband Corp Series C Company Profile

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential and commercial customers in the United States. It operates through Skyhook and Charter segments. The Skyhook segment offers Precision Location Solution, a location determination service for mobile device makers, wireless carriers, and asset tracking platforms to understanding the precise geographic location and movement of mobile devices; enhancing the location determination capabilities of a hybrid location system.

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