Liberty Broadband (NASDAQ:LBRDA) Trading Down 3.1%

Liberty Broadband Co. (NASDAQ:LBRDA) shares traded down 3.1% during trading on Monday . The stock traded as low as $54.41 and last traded at $54.51. 5,486 shares changed hands during mid-day trading, a decline of 96% from the average session volume of 145,486 shares. The stock had previously closed at $56.23.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Citigroup lowered Liberty Broadband from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $67.00 to $57.00 in a research report on Wednesday, July 3rd. Evercore ISI decreased their target price on Liberty Broadband from $106.00 to $72.00 and set an “outperform” rating for the company in a research report on Tuesday, July 2nd.

Liberty Broadband Stock Down 1.0 %

The firm has a market cap of $7.95 billion, a price-to-earnings ratio of 9.55, a price-to-earnings-growth ratio of 0.12 and a beta of 1.03. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 0.41. The stock has a 50-day moving average of $53.00 and a 200-day moving average of $58.01.

Liberty Broadband (NASDAQ:LBRDA) last released its quarterly earnings data on Wednesday, May 8th. The company reported $1.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.80 by ($1.11). Liberty Broadband had a net margin of 87.75% and a return on equity of 9.55%. The company had revenue of $245.00 million for the quarter, compared to analyst estimates of $248.46 million. As a group, sell-side analysts forecast that Liberty Broadband Co. will post 12.03 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Headlands Technologies LLC bought a new stake in Liberty Broadband during the 1st quarter valued at $49,000. Principal Securities Inc. bought a new stake in Liberty Broadband during the 4th quarter valued at $51,000. Spire Wealth Management raised its stake in Liberty Broadband by 9,080.0% during the 1st quarter. Spire Wealth Management now owns 918 shares of the company’s stock valued at $52,000 after acquiring an additional 908 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in Liberty Broadband during the 1st quarter valued at $72,000. Finally, CWM LLC raised its stake in Liberty Broadband by 112.6% during the 2nd quarter. CWM LLC now owns 1,352 shares of the company’s stock valued at $74,000 after acquiring an additional 716 shares in the last quarter. Institutional investors and hedge funds own 10.29% of the company’s stock.

About Liberty Broadband

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.