Analysts Set Liberty Broadband Corp Series A (LBRDA) Price Target at $105.60

Shares of Liberty Broadband Corp Series A (NASDAQ:LBRDA) have been given an average recommendation of “Buy” by the nine analysts that are covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $105.60.

LBRDA has been the topic of a number of research reports. BidaskClub raised shares of Liberty Broadband Corp Series A from a “sell” rating to a “hold” rating in a report on Wednesday, September 5th. Macquarie raised their price objective on shares of Liberty Broadband Corp Series A from $84.00 to $91.00 and gave the stock an “outperform” rating in a report on Wednesday, August 22nd. Deutsche Bank dropped their price objective on shares of Liberty Broadband Corp Series A from $107.00 to $101.00 and set a “buy” rating on the stock in a report on Tuesday, August 14th. Finally, Zacks Investment Research raised shares of Liberty Broadband Corp Series A from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 31st.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. FNY Investment Advisers LLC purchased a new position in Liberty Broadband Corp Series A during the second quarter valued at approximately $108,000. SG Americas Securities LLC lifted its holdings in Liberty Broadband Corp Series A by 48.5% during the second quarter. SG Americas Securities LLC now owns 2,041 shares of the company’s stock valued at $154,000 after purchasing an additional 667 shares in the last quarter. State of Alaska Department of Revenue lifted its holdings in Liberty Broadband Corp Series A by 40.0% during the second quarter. State of Alaska Department of Revenue now owns 2,802 shares of the company’s stock valued at $211,000 after purchasing an additional 800 shares in the last quarter. Gideon Capital Advisors Inc. purchased a new position in Liberty Broadband Corp Series A during the first quarter valued at approximately $269,000. Finally, GSA Capital Partners LLP purchased a new position in Liberty Broadband Corp Series A during the first quarter valued at approximately $298,000. 12.39% of the stock is currently owned by institutional investors.

Shares of LBRDA stock opened at $81.78 on Friday. Liberty Broadband Corp Series A has a 52 week low of $67.75 and a 52 week high of $98.53. The company has a market capitalization of $15.29 billion, a PE ratio of 7.37 and a beta of 1.38. The company has a debt-to-equity ratio of 0.05, a current ratio of 8.49 and a quick ratio of 8.49.

Liberty Broadband Corp Series A (NASDAQ:LBRDA) last announced its quarterly earnings results on Wednesday, August 8th. The company reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.08). Liberty Broadband Corp Series A had a return on equity of 20.47% and a net margin of 9,285.42%. The company had revenue of $3.37 million during the quarter. Equities research analysts anticipate that Liberty Broadband Corp Series A will post 0.49 EPS for the current fiscal year.

About Liberty Broadband Corp Series A

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential and commercial customers in the United States. It operates through Skyhook and Charter segments. The Skyhook segment offers Precision Location Solution, a location determination service for mobile device makers, wireless carriers, and asset tracking platforms to understanding the precise geographic location and movement of mobile devices; enhancing the location determination capabilities of a hybrid location system.

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