Liberty Broadband Corp Series C (LBRDK) Upgraded to “B” at TheStreet

TheStreet upgraded shares of Liberty Broadband Corp Series C (NASDAQ:LBRDK) from a c+ rating to a b rating in a research note released on Tuesday.

LBRDK has been the topic of several other reports. ValuEngine raised shares of Liberty Broadband Corp Series C from a sell rating to a hold rating in a research note on Thursday, September 27th. Zacks Investment Research downgraded shares of Liberty Broadband Corp Series C from a strong-buy rating to a hold rating in a research note on Wednesday, July 11th.

Shares of NASDAQ LBRDK traded down $0.74 during trading on Tuesday, hitting $83.69. The company had a trading volume of 12,803 shares, compared to its average volume of 770,587. The stock has a market capitalization of $15.05 billion, a P/E ratio of 830.00 and a beta of 1.23. Liberty Broadband Corp Series C has a 52 week low of $68.33 and a 52 week high of $99.68. The company has a debt-to-equity ratio of 0.05, a quick ratio of 9.56 and a current ratio of 9.56.

Several hedge funds and other institutional investors have recently bought and sold shares of LBRDK. Janus Henderson Group PLC increased its stake in shares of Liberty Broadband Corp Series C by 2,504.3% in the second quarter. Janus Henderson Group PLC now owns 1,702,477 shares of the company’s stock worth $128,912,000 after acquiring an additional 1,637,104 shares during the last quarter. Sarbit Advisory Services Inc. acquired a new position in shares of Liberty Broadband Corp Series C in the second quarter worth $53,200,000. Morgan Stanley increased its stake in shares of Liberty Broadband Corp Series C by 712.8% in the second quarter. Morgan Stanley now owns 786,532 shares of the company’s stock worth $59,556,000 after acquiring an additional 689,758 shares during the last quarter. Makaira Partners LLC acquired a new position in shares of Liberty Broadband Corp Series C in the second quarter worth $45,733,000. Finally, Bank of America Corp DE increased its stake in shares of Liberty Broadband Corp Series C by 65.4% in the second quarter. Bank of America Corp DE now owns 1,058,733 shares of the company’s stock worth $80,168,000 after acquiring an additional 418,575 shares during the last quarter. 57.26% of the stock is currently owned by institutional investors and hedge funds.

Liberty Broadband Corp Series C Company Profile

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.

Featured Story: Understanding Market Liquidity

Receive News & Ratings for Liberty Broadband Corp Series C Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Broadband Corp Series C and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply