Liberty Broadband (NASDAQ:LBRDK) PT Raised to $69.00

Liberty Broadband (NASDAQ:LBRDK) had its price objective increased by Morgan Stanley from $62.00 to $69.00 in a research note issued to investors on Friday morning, Benzinga reports. They currently have an equal weight rating on the stock.

Liberty Broadband Stock Performance

Shares of LBRDK opened at $56.87 on Friday. The firm has a market capitalization of $8.12 billion, a P/E ratio of 9.66 and a beta of 1.01. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.81 and a quick ratio of 1.81. Liberty Broadband has a one year low of $46.46 and a one year high of $95.68. The business has a fifty day moving average of $53.04 and a 200 day moving average of $58.08.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings results on Wednesday, May 8th. The company reported $1.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.38 by ($0.69). Liberty Broadband had a net margin of 87.75% and a return on equity of 9.55%. The firm had revenue of $245.00 million for the quarter, compared to the consensus estimate of $244.41 million. As a group, sell-side analysts anticipate that Liberty Broadband will post 9.05 EPS for the current year.

Institutional Investors Weigh In On Liberty Broadband

A number of hedge funds have recently modified their holdings of LBRDK. Versant Capital Management Inc grew its stake in shares of Liberty Broadband by 4,888.9% during the 2nd quarter. Versant Capital Management Inc now owns 449 shares of the company’s stock valued at $25,000 after acquiring an additional 440 shares during the period. Beach Investment Counsel Inc. PA bought a new position in shares of Liberty Broadband in the second quarter worth approximately $36,000. Mather Group LLC. increased its stake in shares of Liberty Broadband by 103.7% in the second quarter. Mather Group LLC. now owns 762 shares of the company’s stock worth $44,000 after purchasing an additional 388 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in shares of Liberty Broadband by 423.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 978 shares of the company’s stock worth $79,000 after purchasing an additional 791 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in shares of Liberty Broadband by 40.1% during the 4th quarter. Van ECK Associates Corp now owns 1,318 shares of the company’s stock valued at $106,000 after purchasing an additional 377 shares during the period. Institutional investors own 80.22% of the company’s stock.

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.