Liberty Broadband’s (LBRDA) Hold Rating Reiterated at Deutsche Bank Aktiengesellschaft

Liberty Broadband (NASDAQ:LBRDA)‘s stock had its “hold” rating reaffirmed by equities research analysts at Deutsche Bank Aktiengesellschaft in a report released on Friday, Marketbeat reports. They presently have a $95.00 price objective on the stock, up from their previous price objective of $90.00. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 6.39% from the stock’s current price.

Separately, Rosenblatt Securities cut Liberty Broadband from a “buy” rating to a “neutral” rating and increased their price target for the stock from $91.00 to $92.00 in a report on Thursday.

Liberty Broadband Stock Performance

NASDAQ LBRDA opened at $89.29 on Friday. The company has a market capitalization of $12.76 billion, a price-to-earnings ratio of 16.44 and a beta of 1.04. 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 twelve month low of $47.17 and a twelve month high of $100.44. The stock has a fifty day simple moving average of $76.68 and a 200 day simple moving average of $63.20.

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

Insiders Place Their Bets

In related news, CAO Brian J. Wendling sold 2,208 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $75.84, for a total value 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. The trade was a 16.65 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Renee L. Wilm sold 4,423 shares of the firm’s stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $76.56, for a total transaction of $338,624.88. Following the sale, the insider now owns 3,670 shares of the company’s stock, valued at approximately $280,975.20. The trade was a 54.65 % decrease in their position. The disclosure for this sale can be found here. 14.19% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Liberty Broadband

A number of large investors have recently made changes to their positions in LBRDA. Paloma Partners Management Co purchased a new stake in shares of Liberty Broadband in the third quarter worth about $54,000. Verition Fund Management LLC purchased a new position in shares of Liberty Broadband during the third quarter worth about $6,402,000. Captrust Financial Advisors grew its stake in Liberty Broadband by 58.4% in the 3rd quarter. Captrust Financial Advisors now owns 14,515 shares of the company’s stock worth $1,115,000 after buying an additional 5,353 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Liberty Broadband by 150.4% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,181 shares of the company’s stock valued at $321,000 after buying an additional 2,511 shares during the period. Finally, Baupost Group LLC MA purchased a new position in shares of Liberty Broadband in the third quarter worth about $581,000. 10.29% of the stock is owned by 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.