Liberty Broadband (NASDAQ:LBRDA) Downgraded by Rosenblatt Securities to “Neutral”

Rosenblatt Securities lowered shares of Liberty Broadband (NASDAQ:LBRDA) from a buy rating to a neutral rating in a research note published on Thursday, Marketbeat.com reports. Rosenblatt Securities currently has $92.00 price target on the stock, up from their previous price target of $91.00.

Separately, Deutsche Bank Aktiengesellschaft cut their price objective on Liberty Broadband from $104.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, August 16th.

Liberty Broadband Stock Down 1.8 %

Shares of LBRDA traded down $1.63 during midday trading on Thursday, hitting $87.66. The company had a trading volume of 161,473 shares, compared to its average volume of 149,527. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. Liberty Broadband has a 52 week low of $47.17 and a 52 week high of $100.44. The company’s 50 day moving average price is $77.26 and its 200 day moving average price is $63.38. The stock has a market cap of $12.52 billion, a price-to-earnings ratio of 16.38 and a beta of 1.04.

Liberty Broadband (NASDAQ:LBRDA) last issued its earnings results on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.66). The business had revenue of $262.00 million during the quarter, compared to the consensus estimate of $242.40 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. During the same period in the prior year, the business earned $1.10 EPS.

Insider Activity

In related news, insider Renee L. Wilm sold 4,423 shares of the firm’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total value of $338,624.88. Following the transaction, the insider now directly owns 3,670 shares in the company, valued at approximately $280,975.20. This trade represents a 54.65 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Brian J. Wendling sold 2,208 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $75.84, for a total transaction of $167,454.72. Following the transaction, the chief accounting officer now directly owns 11,054 shares of the company’s stock, valued at approximately $838,335.36. This represents a 16.65 % decrease in their position. The disclosure for this sale can be found here. 14.19% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Stifel Financial Corp acquired a new position in Liberty Broadband in the third quarter worth about $1,235,000. Quantinno Capital Management LP bought a new position in shares of Liberty Broadband during the 3rd quarter worth approximately $260,000. Ionic Capital Management LLC acquired a new stake in Liberty Broadband in the 3rd quarter valued at $1,322,000. Centiva Capital LP bought a new stake in Liberty Broadband in the third quarter valued at $2,261,000. Finally, Paloma Partners Management Co acquired a new position in Liberty Broadband during the third quarter worth $54,000. Institutional investors 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. 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.