Liberty Broadband Co. (NASDAQ:LBRDK – Get 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:LBRDK – Get 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
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
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.
- Get a free copy of the StockNews.com research report on Liberty Broadband (LBRDK)
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