Deutsche Bank Aktiengesellschaft Reaffirms “Hold” Rating for Liberty Broadband (NASDAQ:LBRDA)

Deutsche Bank Aktiengesellschaft reaffirmed their hold rating on shares of Liberty Broadband (NASDAQ:LBRDA) in a research note released on Friday morning, Marketbeat.com reports. They currently have a $95.00 target price on the stock, up from their prior target price of $90.00.

Separately, Rosenblatt Securities cut Liberty Broadband from a “buy” rating to a “neutral” rating and boosted their price target for the stock from $91.00 to $92.00 in a research report on Thursday, November 14th.

Liberty Broadband Stock Performance

Shares of LBRDA opened at $86.51 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The business’s 50 day moving average price is $78.38 and its 200-day moving average price is $64.07. Liberty Broadband has a 52 week low of $47.17 and a 52 week high of $100.44. The stock has a market cap of $12.36 billion, a P/E ratio of 15.93 and a beta of 1.04.

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

Insider Activity at Liberty Broadband

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

Institutional Trading of Liberty Broadband

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. M&T Bank Corp purchased a new position in Liberty Broadband during the third quarter valued at $338,000. Barclays PLC raised its stake in shares of Liberty Broadband by 244.6% in the third quarter. Barclays PLC now owns 4,887 shares of the company’s stock worth $375,000 after buying an additional 3,469 shares during the period. Stifel Financial Corp bought a new position in shares of Liberty Broadband in the third quarter worth about $1,235,000. Quantinno Capital Management LP bought a new position in shares of Liberty Broadband in the third quarter worth about $260,000. Finally, Ionic Capital Management LLC bought a new position in shares of Liberty Broadband in the third quarter worth about $1,322,000. 10.29% of the stock is owned by hedge funds and other 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.