Julie D. Frist Acquires 490 Shares of Liberty Broadband Co. (NASDAQ:LBRDK) Stock

Liberty Broadband Co. (NASDAQ:LBRDKGet Rating) Director Julie D. Frist acquired 490 shares of Liberty Broadband stock in a transaction that occurred on Wednesday, April 6th. The stock was purchased at an average cost of $138.37 per share, for a total transaction of $67,801.30. Following the completion of the transaction, the director now directly owns 450 shares in the company, valued at $62,266.50. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Liberty Broadband Trading Up 1.8 %

Shares of Liberty Broadband stock opened at $115.79 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.02 and a quick ratio of 1.02. The firm has a fifty day moving average price of $116.71 and a 200 day moving average price of $129.14. Liberty Broadband Co. has a 1 year low of $102.14 and a 1 year high of $194.05. The stock has a market cap of $18.85 billion, a PE ratio of 21.17 and a beta of 0.91.

Liberty Broadband (NASDAQ:LBRDKGet Rating) last issued its earnings results on Friday, May 6th. The company reported $1.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.04. Liberty Broadband had a net margin of 99.93% and a return on equity of 9.79%. The firm had revenue of $238.00 million during the quarter, compared to analysts’ expectations of $244.27 million. During the same quarter last year, the company posted $0.83 earnings per share. Equities research analysts predict that Liberty Broadband Co. will post 7.04 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. Commerce Bank increased its holdings in Liberty Broadband by 0.5% in the fourth quarter. Commerce Bank now owns 12,287 shares of the company’s stock valued at $1,979,000 after buying an additional 67 shares in the last quarter. Xponance Inc. increased its holdings in Liberty Broadband by 4.8% in the first quarter. Xponance Inc. now owns 1,610 shares of the company’s stock valued at $218,000 after buying an additional 74 shares in the last quarter. Synovus Financial Corp increased its holdings in Liberty Broadband by 2.2% in the fourth quarter. Synovus Financial Corp now owns 3,598 shares of the company’s stock valued at $579,000 after buying an additional 79 shares in the last quarter. PFS Investments Inc. increased its holdings in Liberty Broadband by 0.7% in the fourth quarter. PFS Investments Inc. now owns 12,161 shares of the company’s stock valued at $1,959,000 after buying an additional 85 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its position in shares of Liberty Broadband by 4.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 2,061 shares of the company’s stock valued at $332,000 after purchasing an additional 90 shares during the period. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on LBRDK. StockNews.com raised shares of Liberty Broadband from a “sell” rating to a “hold” rating in a research report on Wednesday, May 18th. Rosenblatt Securities assumed coverage on shares of Liberty Broadband in a research note on Tuesday, April 19th. They set a “buy” rating and a $222.00 price objective on the stock. Morgan Stanley increased their price objective on shares of Liberty Broadband from $124.00 to $139.00 and gave the company an “equal weight” rating in a research note on Thursday, June 2nd. TD Securities lowered their target price on shares of Liberty Broadband from $200.00 to $185.00 in a research note on Wednesday, June 29th. Finally, Pivotal Research lowered their target price on shares of Liberty Broadband to $160.00 and set a “na” rating for the company in a research note on Tuesday, May 17th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Liberty Broadband currently has an average rating of “Moderate Buy” and an average target price of $176.50.

About Liberty Broadband

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Liberty Broadband Corporation engages in the communications businesses. It operates through GCI Holdings and Charter segments. The GCI Holdings segment provides a range of wireless, data, video, voice, and managed services to residential customers, businesses, governmental entities, and educational and medical institutions primarily in Alaska under the GCI brand.

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