Liberty Broadband Corp Series C (NASDAQ:LBRDK) Given Consensus Rating of “Buy” by Brokerages

Shares of Liberty Broadband Corp Series C (NASDAQ:LBRDK) have been given a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.

Analysts have set a 1 year consensus target price of $115.00 for the company and are predicting that the company will post $0.50 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Liberty Broadband Corp Series C an industry rank of 70 out of 256 based on the ratings given to its competitors.

A number of brokerages have issued reports on LBRDK. TheStreet raised White Mountains Insurance Group from a “c” rating to a “b” rating in a report on Monday, May 13th. Zacks Investment Research downgraded shares of HEXO from a “hold” rating to a “sell” rating in a research note on Wednesday, May 15th. ValuEngine upgraded shares of VESTAS WIND SYS/ADR from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. Finally, BidaskClub downgraded shares of Amyris from a “hold” rating to a “sell” rating in a research note on Thursday, June 27th.

Several institutional investors have recently bought and sold shares of the company. Raymond James & Associates boosted its stake in Liberty Broadband Corp Series C by 14.4% in the first quarter. Raymond James & Associates now owns 314,962 shares of the company’s stock valued at $28,895,000 after acquiring an additional 39,721 shares in the last quarter. Brown Advisory Inc. increased its stake in shares of Liberty Broadband Corp Series C by 6.7% in the fourth quarter. Brown Advisory Inc. now owns 44,263 shares of the company’s stock valued at $3,187,000 after buying an additional 2,778 shares in the last quarter. Equitable Trust Co. increased its stake in shares of Liberty Broadband Corp Series C by 2.0% in the fourth quarter. Equitable Trust Co. now owns 12,550 shares of the company’s stock valued at $904,000 after buying an additional 250 shares in the last quarter. Great West Life Assurance Co. Can increased its stake in shares of Liberty Broadband Corp Series C by 0.4% in the first quarter. Great West Life Assurance Co. Can now owns 49,515 shares of the company’s stock valued at $4,528,000 after buying an additional 192 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its stake in shares of Liberty Broadband Corp Series C by 9.8% in the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 36,201 shares of the company’s stock valued at $2,608,000 after buying an additional 3,242 shares in the last quarter. 56.33% of the stock is owned by hedge funds and other institutional investors.

Liberty Broadband Corp Series C stock traded up $0.51 during mid-day trading on Friday, hitting $108.26. The stock had a trading volume of 8,724 shares, compared to its average volume of 461,181. The firm’s 50-day moving average is $102.22. The firm has a market cap of $19.45 billion, a PE ratio of 283.99 and a beta of 1.29. Liberty Broadband Corp Series C has a 12 month low of $68.47 and a 12 month high of $108.40. The company has a debt-to-equity ratio of 0.05, a current ratio of 12.76 and a quick ratio of 12.76.

Liberty Broadband Corp Series C (NASDAQ:LBRDK) last issued its earnings results on Thursday, May 2nd. The company reported ($0.08) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.32 by ($0.40). Liberty Broadband Corp Series C had a return on equity of 0.67% and a net margin of 507.95%. The firm had revenue of $3.46 million during the quarter. Research analysts forecast that Liberty Broadband Corp Series C will post 1.7 earnings per share for the current year.

About Liberty Broadband Corp Series C

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential, and small and medium business customers in the United States. The company 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 understand the precise geographic location and movement of mobile devices, as well as for enhancing the location determination capabilities of a hybrid location system.

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