Liberty Broadband (NASDAQ:LBRDA) Given Hold Rating at Deutsche Bank Aktiengesellschaft

Liberty Broadband (NASDAQ:LBRDA)‘s stock had its “hold” rating restated by investment analysts at Deutsche Bank Aktiengesellschaft in a research report issued to clients and investors on Friday, MarketBeat.com reports. They currently have a $95.00 price target on the stock, up from their prior price target of $90.00. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 8.40% from the company’s previous close.

Separately, Rosenblatt Securities downgraded Liberty Broadband from a “buy” rating to a “neutral” rating and boosted their price target for the company from $91.00 to $92.00 in a research report on Thursday.

Liberty Broadband Price Performance

LBRDA opened at $87.64 on Friday. Liberty Broadband has a 1 year low of $47.17 and a 1 year high of $100.44. 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’s 50 day simple moving average is $77.82 and its 200 day simple moving average is $63.74. The stock has a market capitalization of $12.52 billion, a PE ratio of 16.14 and a beta of 1.04.

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

Insider Transactions at Liberty Broadband

In related news, CAO Brian J. Wendling sold 2,208 shares of the business’s stock in a transaction that occurred on Thursday, September 26th. The stock was 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 approximately $838,335.36. The trade was a 16.65 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Renee L. Wilm sold 4,423 shares of the stock in a transaction that occurred on 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 sale, 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 disclosure for this sale can be found here. Company insiders own 14.19% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Long Focus Capital Management LLC lifted its stake in shares of Liberty Broadband by 61.9% in the second quarter. Long Focus Capital Management LLC now owns 370,100 shares of the company’s stock worth $20,207,000 after acquiring an additional 141,500 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Liberty Broadband by 38.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 376,293 shares of the company’s stock worth $20,544,000 after purchasing an additional 104,268 shares during the last quarter. Private Management Group Inc. increased its holdings in Liberty Broadband by 29.8% during the 2nd quarter. Private Management Group Inc. now owns 388,923 shares of the company’s stock worth $21,235,000 after purchasing an additional 89,317 shares during the last quarter. Verition Fund Management LLC acquired a new position in shares of Liberty Broadband in the 3rd quarter valued at approximately $6,402,000. Finally, Cowen AND Company LLC purchased a new position in shares of Liberty Broadband during the 2nd quarter valued at approximately $4,445,000. 10.29% of the stock is owned by institutional investors and hedge funds.

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.