Liberty Broadband (NASDAQ:LBRDA) Shares Gap Up – Still a Buy?

Liberty Broadband Co. (NASDAQ:LBRDA)’s share price gapped up prior to trading on Friday . The stock had previously closed at $76.50, but opened at $79.18. Liberty Broadband shares last traded at $81.82, with a volume of 50,297 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Benchmark lowered their price target on shares of Liberty Broadband from $130.00 to $115.00 and set a “buy” rating on the stock in a research report on Monday, March 31st. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $86.20.

Liberty Broadband Price Performance

The stock has a market capitalization of $12.19 billion, a price-to-earnings ratio of 15.66 and a beta of 1.03. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The company has a fifty day simple moving average of $80.69 and a two-hundred day simple moving average of $80.81.

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

Institutional Investors Weigh In On Liberty Broadband

A number of large investors have recently modified their holdings of the business. Wilmington Savings Fund Society FSB bought a new stake in shares of Liberty Broadband during the third quarter worth about $1,815,000. Barclays PLC grew its position in shares of Liberty Broadband by 244.6% during the 3rd 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. Seizert Capital Partners LLC grew its holdings in Liberty Broadband by 7.5% in the fourth quarter. Seizert Capital Partners LLC now owns 423,895 shares of the company’s stock worth $31,521,000 after purchasing an additional 29,477 shares during the period. Wealthfront Advisers LLC acquired a new stake in shares of Liberty Broadband in the 4th quarter valued at about $35,441,000. Finally, Moran Wealth Management LLC bought a new stake in shares of Liberty Broadband during the fourth quarter valued at approximately $2,447,000. Institutional investors and hedge funds 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.