Liberty Broadband (NASDAQ:LBRDA) Hits New 1-Year High – Here’s Why

Liberty Broadband Co. (NASDAQ:LBRDA)’s share price reached a new 52-week high during trading on Saturday . The company traded as high as $102.38 and last traded at $100.20, with a volume of 877944 shares. The stock had previously closed at $96.25.

Wall Street Analyst Weigh In

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

Liberty Broadband Price Performance

The stock has a market cap of $14.36 billion, a price-to-earnings ratio of 18.45 and a beta of 1.02. The stock has a fifty day moving average of $83.52 and a 200 day moving average of $82.06. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07.

Liberty Broadband (NASDAQ:LBRDA) last announced its quarterly earnings results on Wednesday, May 7th. The company reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.20 by $0.67. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The company had revenue of $266.00 million during the quarter, compared to the consensus estimate of $248.60 million.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Barclays PLC raised its stake 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. JPMorgan Chase & Co. raised its stake in shares of Liberty Broadband by 10.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,578 shares of the company’s stock worth $1,120,000 after buying an additional 1,352 shares during the period. MassMutual Private Wealth & Trust FSB raised its stake in shares of Liberty Broadband by 269,566.7% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 16,180 shares of the company’s stock worth $1,203,000 after buying an additional 16,174 shares during the period. Proficio Capital Partners LLC acquired a new position in shares of Liberty Broadband during the 4th quarter worth approximately $4,390,000. Finally, M&T Bank Corp raised its stake in shares of Liberty Broadband by 3.6% during the 4th quarter. M&T Bank Corp now owns 4,562 shares of the company’s stock worth $339,000 after buying an additional 158 shares during the period. 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.