Liberty Broadband Corp (LBRDA) Raised to Hold at Zacks Investment Research

Zacks Investment Research upgraded shares of Liberty Broadband Corp (NASDAQ:LBRDA) from a sell rating to a hold rating in a research report released on Friday, April 14th.

According to Zacks, “Liberty Broadband Corporation, through its subsidiaries, engages in providing digital cable services to residential and commercial customers; and entertainment, information, and communications solutions. It also provides wireless location positioning and related services. Liberty Broadband Corporation is based in Englewood, Colorado. “

Several other research firms have also recently commented on LBRDA. TheStreet cut shares of Liberty Broadband Corp from a b- rating to a c+ rating in a research note on Thursday, January 26th. Telsey Advisory Group raised their target price on shares of Liberty Broadband Corp from $85.00 to $95.00 and gave the stock an outperform rating in a research note on Friday, February 17th. Macquarie upgraded shares of Liberty Broadband Corp from a neutral rating to an outperform rating and set a $102.00 target price for the company in a research note on Friday, January 27th. Finally, Pivotal Research reiterated a buy rating and issued a $108.00 price objective (up previously from $94.00) on shares of Liberty Broadband Corp in a research note on Thursday, February 16th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Liberty Broadband Corp has an average rating of Buy and an average target price of $87.67.

Shares of Liberty Broadband Corp (NASDAQ:LBRDA) traded up 0.50% during mid-day trading on Friday, hitting $82.58. The stock had a trading volume of 65,524 shares. The stock has a market cap of $15.01 billion, a P/E ratio of 15.43 and a beta of 1.51. Liberty Broadband Corp has a 52-week low of $55.30 and a 52-week high of $90.80. The company’s 50 day moving average is $86.16 and its 200-day moving average is $79.06.

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Several large investors have recently added to or reduced their stakes in LBRDA. Cheyne Capital Management UK LLP bought a new stake in Liberty Broadband Corp during the third quarter valued at about $5,536,000. Aperio Group LLC boosted its stake in Liberty Broadband Corp by 8.2% in the third quarter. Aperio Group LLC now owns 4,186 shares of the company’s stock valued at $294,000 after buying an additional 317 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in Liberty Broadband Corp by 0.3% in the third quarter. PNC Financial Services Group Inc. now owns 12,127 shares of the company’s stock valued at $851,000 after buying an additional 37 shares in the last quarter. Prudential Financial Inc. boosted its stake in Liberty Broadband Corp by 76.8% in the third quarter. Prudential Financial Inc. now owns 8,750 shares of the company’s stock valued at $614,000 after buying an additional 3,800 shares in the last quarter. Finally, BlackRock Investment Management LLC boosted its stake in Liberty Broadband Corp by 1.4% in the third quarter. BlackRock Investment Management LLC now owns 62,073 shares of the company’s stock valued at $4,355,000 after buying an additional 827 shares in the last quarter. 80.64% of the stock is currently owned by institutional investors and hedge funds.

About Liberty Broadband Corp

Liberty Broadband Corporation holds interest in Charter Communications, Inc (Charter) and its subsidiary Skyhook Holding, Inc (Skyhook). The Company’s segments include Skyhook, Charter, and Corporate and other. Skyhook provides a wireless fidelity (Wi-Fi)-based location platform focused on providing positioning technology and contextual location intelligence solutions.

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