Benchmark Cuts Liberty Broadband (NASDAQ:LBRDA) Price Target to $115.00

Liberty Broadband (NASDAQ:LBRDA) had its target price trimmed by Benchmark from $130.00 to $115.00 in a research report released on Monday,Benzinga reports. The firm currently has a buy rating on the stock.

Liberty Broadband Stock Performance

Shares of LBRDA opened at $86.80 on Monday. The firm has a fifty day moving average of $81.22 and a 200-day moving average of $80.16. The company has a market cap of $12.44 billion, a price-to-earnings ratio of 15.99 and a beta of 1.03. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. Liberty Broadband has a 1 year low of $47.17 and a 1 year high of $100.44.

Liberty Broadband (NASDAQ:LBRDA) last posted its earnings results on Thursday, February 27th. The company reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.31. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The firm had revenue of $263.00 million during the quarter, compared to analyst estimates of $252.50 million.

Institutional Investors Weigh In On Liberty Broadband

Several institutional investors have recently bought and sold shares of LBRDA. JNE Partners LLP bought a new stake in Liberty Broadband during the fourth quarter worth approximately $47,230,000. Wealthfront Advisers LLC bought a new stake in shares of Liberty Broadband in the 4th quarter worth $35,441,000. Norges Bank acquired a new stake in shares of Liberty Broadband in the fourth quarter valued at $15,896,000. Aristeia Capital L.L.C. boosted its stake in Liberty Broadband by 9.1% during the fourth quarter. Aristeia Capital L.L.C. now owns 1,675,445 shares of the company’s stock valued at $124,586,000 after buying an additional 139,186 shares in the last quarter. Finally, Toronto Dominion Bank acquired a new position in Liberty Broadband during the fourth quarter worth about $10,190,000. Institutional investors and hedge funds own 10.29% 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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.