Liberty Broadband (NASDAQ:LBRDA) Price Target Cut to $115.00 by Analysts at Benchmark

Liberty Broadband (NASDAQ:LBRDA) had its target price reduced by analysts at Benchmark from $130.00 to $115.00 in a research note issued to investors on Monday,Benzinga reports. The firm currently has a “buy” rating on the stock. Benchmark’s price target points to a potential upside of 36.75% from the company’s current price.

Liberty Broadband Stock Performance

LBRDA stock traded down $0.95 during trading on Monday, reaching $84.10. The stock had a trading volume of 5,719 shares, compared to its average volume of 150,808. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The firm has a market cap of $12.05 billion, a PE ratio of 15.49 and a beta of 1.08. Liberty Broadband has a 52 week low of $47.17 and a 52 week high of $100.44. The stock’s 50 day moving average is $80.65 and its two-hundred day moving average is $79.76.

Liberty Broadband (NASDAQ:LBRDA) last released its earnings results on Thursday, February 27th. The company reported $2.04 earnings per share 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 company had revenue of $263.00 million for the quarter, compared to analysts’ expectations of $252.50 million.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Wilmington Savings Fund Society FSB bought a new stake in shares of Liberty Broadband in the 3rd quarter valued at approximately $1,815,000. Verition Fund Management LLC acquired a new stake in Liberty Broadband in the third quarter valued at approximately $6,402,000. Barclays PLC grew its holdings in Liberty Broadband by 244.6% in the third quarter. Barclays PLC now owns 4,887 shares of the company’s stock worth $375,000 after purchasing an additional 3,469 shares during the last quarter. Stifel Financial Corp acquired a new position in shares of Liberty Broadband during the third quarter worth $1,235,000. Finally, Seizert Capital Partners LLC lifted its holdings in shares of Liberty Broadband by 7.5% during the 4th quarter. Seizert Capital Partners LLC now owns 423,895 shares of the company’s stock valued at $31,521,000 after purchasing an additional 29,477 shares during the last quarter. 10.29% of the stock is owned by hedge funds and other institutional investors.

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.