Citigroup Cuts Liberty Broadband (NASDAQ:LBRDK) Price Target to $83.00

Liberty Broadband (NASDAQ:LBRDKFree Report) had its target price decreased by Citigroup from $108.00 to $83.00 in a research report released on Wednesday morning, Benzinga reports. Citigroup currently has a buy rating on the stock.

Separately, StockNews.com cut Liberty Broadband from a hold rating to a sell rating in a research report on Thursday, November 23rd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $125.20.

Check Out Our Latest Research Report on Liberty Broadband

Liberty Broadband Stock Down 3.6 %

Liberty Broadband stock opened at $60.33 on Wednesday. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.88 and a quick ratio of 1.88. The stock has a market capitalization of $8.81 billion, a price-to-earnings ratio of 13.29 and a beta of 1.03. Liberty Broadband has a 1-year low of $60.28 and a 1-year high of $95.68. The business has a fifty day moving average price of $77.29 and a 200-day moving average price of $84.84.

Hedge Funds Weigh In On Liberty Broadband

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LBRDK. Forum Financial Management LP raised its stake in shares of Liberty Broadband by 37.4% during the 4th quarter. Forum Financial Management LP now owns 3,421 shares of the company’s stock valued at $276,000 after buying an additional 931 shares during the last quarter. Jump Financial LLC acquired a new stake in Liberty Broadband in the 4th quarter worth about $242,000. Thompson Siegel & Walmsley LLC boosted its holdings in shares of Liberty Broadband by 13.5% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 1,349,659 shares of the company’s stock worth $108,768,000 after purchasing an additional 160,460 shares during the last quarter. Gryphon Financial Partners LLC boosted its holdings in shares of Liberty Broadband by 88.1% during the 4th quarter. Gryphon Financial Partners LLC now owns 6,440 shares of the company’s stock worth $519,000 after purchasing an additional 3,016 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Liberty Broadband by 5.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 490,650 shares of the company’s stock worth $39,541,000 after purchasing an additional 26,960 shares during the last quarter. Hedge funds and other institutional investors own 77.27% of the company’s stock.

Liberty Broadband Company Profile

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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.

Further Reading

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