Zacks: Liberty Broadband Corp Series C (LBRDK) Receives Average Rating of “Hold” from Analysts

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Shares of Liberty Broadband Corp Series C (NASDAQ:LBRDK) have been assigned an average broker rating score of 3.00 (Hold) from the one brokers that cover the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.

Analysts have set a 1 year consensus price target of $104.00 for the company and are predicting that the company will post $0.26 earnings per share for the current quarter, according to Zacks. Zacks has also given Liberty Broadband Corp Series C an industry rank of 111 out of 255 based on the ratings given to related companies.

A number of equities research analysts recently commented on the company. Zacks Investment Research lowered Liberty Broadband Corp Series C from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 11th. TheStreet lowered Liberty Broadband Corp Series C from a “b-” rating to a “c+” rating in a research report on Monday, May 14th.

Shares of LBRDK opened at $79.61 on Friday. Liberty Broadband Corp Series C has a 1 year low of $68.33 and a 1 year high of $104.66. The company has a quick ratio of 8.49, a current ratio of 8.49 and a debt-to-equity ratio of 0.05.

Liberty Broadband Corp Series C (NASDAQ:LBRDK) last issued its earnings results on Wednesday, August 8th. The company reported $0.06 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.30 by ($0.24). Liberty Broadband Corp Series C had a return on equity of 20.47% and a net margin of 9,284.89%. research analysts predict that Liberty Broadband Corp Series C will post 0.9 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Andra AP fonden boosted its position in Liberty Broadband Corp Series C by 19.3% in the 2nd quarter. Andra AP fonden now owns 70,600 shares of the company’s stock valued at $5,346,000 after buying an additional 11,400 shares during the last quarter. Cowen Inc. bought a new position in Liberty Broadband Corp Series C in the 2nd quarter valued at $635,000. Jane Street Group LLC bought a new position in Liberty Broadband Corp Series C in the 2nd quarter valued at $457,000. California Public Employees Retirement System boosted its position in Liberty Broadband Corp Series C by 16.2% in the 2nd quarter. California Public Employees Retirement System now owns 302,533 shares of the company’s stock valued at $22,908,000 after buying an additional 42,208 shares during the last quarter. Finally, HPM Partners LLC bought a new position in Liberty Broadband Corp Series C in the 2nd quarter valued at $309,000. Institutional investors and hedge funds own 57.54% of the company’s stock.

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.

See Also: Price to Earnings Ratio (PE), For Valuing Stocks

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