Liberty Broadband (LBRDA) Rating Lowered to Sell at ValuEngine

Liberty Broadband (NASDAQ:LBRDA) was downgraded by equities research analysts at ValuEngine from a “hold” rating to a “sell” rating in a research report issued on Wednesday.

Other equities analysts also recently issued reports about the company. BidaskClub upgraded Liberty Broadband from a “sell” rating to a “hold” rating in a research report on Wednesday, January 3rd. increased their target price on Liberty Broadband from $108.00 to $113.00 and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Pivotal Research increased their target price on Liberty Broadband from $108.00 to $113.00 and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Finally, Buckingham Research assumed coverage on Liberty Broadband in a research report on Wednesday, December 13th. They set a “buy” rating and a $119.00 target price on the stock. Two research analysts have rated the stock with a sell rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $117.50.

Shares of Liberty Broadband (NASDAQ:LBRDA) opened at $91.46 on Wednesday. The company has a debt-to-equity ratio of 0.05, a current ratio of 7.97 and a quick ratio of 11.64. Liberty Broadband has a 12-month low of $80.39 and a 12-month high of $104.35. The stock has a market capitalization of $16,670.00, a price-to-earnings ratio of 8.42 and a beta of 1.38.

In other news, Director John E. Welsh III acquired 2,000 shares of the business’s stock in a transaction dated Friday, December 22nd. The shares were bought at an average cost of $85.50 per share, for a total transaction of $171,000.00. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 6.09% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue acquired a new stake in shares of Liberty Broadband in the fourth quarter valued at about $124,000. Quantbot Technologies LP acquired a new stake in shares of Liberty Broadband in the third quarter valued at about $140,000. Glenmede Trust Co. NA grew its stake in shares of Liberty Broadband by 438.3% in the fourth quarter. Glenmede Trust Co. NA now owns 1,825 shares of the company’s stock valued at $154,000 after buying an additional 1,486 shares in the last quarter. Palladium Partners LLC acquired a new stake in shares of Liberty Broadband in the third quarter valued at about $202,000. Finally, Trexquant Investment LP acquired a new stake in shares of Liberty Broadband in the third quarter valued at about $208,000. Institutional investors own 12.30% of the company’s stock.

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About Liberty Broadband

Liberty Broadband Corporation holds interest in Charter Communications, Inc (Charter) and its subsidiary Skyhook Holding, Inc (Skyhook). The Company’s segments include Skyhook, Charter, and Corporate and other. Skyhook provides a wireless fidelity (Wi-Fi)-based location platform focused on providing positioning technology and contextual location intelligence solutions.

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