Deutsche Bank Aktiengesellschaft Reiterates Hold Rating for Liberty Broadband (NASDAQ:LBRDA)

Deutsche Bank Aktiengesellschaft reiterated their hold rating on shares of Liberty Broadband (NASDAQ:LBRDA) in a research note issued to investors on Friday, Marketbeat reports. The brokerage currently has a $95.00 price target on the stock, up from their previous price target of $90.00.

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

Liberty Broadband Stock Down 1.8 %

Shares of Liberty Broadband stock traded down $1.65 during trading on Friday, reaching $87.64. The company’s stock had a trading volume of 188,400 shares, compared to its average volume of 149,649. The company has a 50-day simple moving average of $77.82 and a two-hundred day simple moving average of $63.64. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband has a 1-year low of $47.17 and a 1-year high of $100.44. The company has a market cap of $12.52 billion, a price-to-earnings ratio of 16.14 and a beta of 1.04.

Liberty Broadband (NASDAQ:LBRDA) last released its 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). The company had revenue of $262.00 million during the quarter, compared to analyst estimates of $242.40 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. During the same quarter last year, the business earned $1.10 earnings per share.

Insider Buying and Selling at Liberty Broadband

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. M&T Bank Corp purchased a new stake in Liberty Broadband during the 3rd quarter worth approximately $338,000. Barclays PLC boosted 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 acquiring an additional 3,469 shares during the last quarter. Stifel Financial Corp purchased a new stake in shares of Liberty Broadband during the third quarter worth approximately $1,235,000. Quantinno Capital Management LP acquired a new position in Liberty Broadband in the 3rd quarter valued at $260,000. Finally, Ionic Capital Management LLC purchased a new position in Liberty Broadband in the 3rd quarter valued at $1,322,000. 10.29% of the stock is owned by institutional investors and hedge funds.

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.