Benchmark Cuts Liberty Broadband (NASDAQ:LBRDA) Price Target to $115.00

Liberty Broadband (NASDAQ:LBRDA) had its price objective decreased by Benchmark from $130.00 to $115.00 in a research note published on Monday,Benzinga reports. Benchmark currently has a buy rating on the stock.

Liberty Broadband Stock Down 0.0 %

NASDAQ:LBRDA opened at $85.00 on Monday. The stock has a market cap of $12.18 billion, a price-to-earnings ratio of 15.65 and a beta of 1.08. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The stock has a 50-day moving average price of $80.84 and a two-hundred day moving average price of $79.94. Liberty Broadband has a 1 year low of $47.17 and a 1 year high of $100.44.

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

Hedge Funds Weigh In On Liberty Broadband

Large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its position in shares of Liberty Broadband by 891.9% during the fourth quarter. Farther Finance Advisors LLC now owns 367 shares of the company’s stock worth $27,000 after buying an additional 330 shares during the period. Franklin Resources Inc. acquired a new position in Liberty Broadband during the 3rd quarter worth approximately $30,000. Paloma Partners Management Co bought a new position in shares of Liberty Broadband during the 3rd quarter worth approximately $54,000. Sterling Capital Management LLC raised its holdings in shares of Liberty Broadband by 48.2% in the fourth quarter. Sterling Capital Management LLC now owns 815 shares of the company’s stock valued at $61,000 after purchasing an additional 265 shares during the last quarter. Finally, AlphaQuest LLC lifted its position in shares of Liberty Broadband by 4,115.0% in the fourth quarter. AlphaQuest LLC now owns 843 shares of the company’s stock worth $63,000 after purchasing an additional 823 shares in the last quarter. Institutional investors own 10.29% of the company’s stock.

Liberty Broadband Company Profile

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.