News coverage about Liberty Broadband Corporation (NASDAQ:LBRDK) has trended somewhat positive on Sunday, Accern reports. The research firm identifies negative and positive media coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Liberty Broadband Corporation earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave news coverage about the company an impact score of 45.5966192872034 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near term.
A number of equities analysts have commented on the stock. Zacks Investment Research downgraded shares of Liberty Broadband Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, May 30th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $95.00 price objective (up previously from $91.00) on shares of Liberty Broadband Corporation in a report on Monday, July 17th. Finally, TheStreet downgraded shares of Liberty Broadband Corporation from a “b” rating to a “c+” rating in a report on Wednesday.
Shares of Liberty Broadband Corporation (LBRDK) traded down 0.23% during midday trading on Friday, hitting $100.14. 652,687 shares of the company were exchanged. The firm has a market cap of $18.21 billion, a P/E ratio of 589.06 and a beta of 1.44. The company’s 50 day moving average price is $93.77 and its 200 day moving average price is $88.48. Liberty Broadband Corporation has a one year low of $63.64 and a one year high of $104.34.
In other news, Director John C. Malone sold 23,000 shares of the company’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $87.75, for a total transaction of $2,018,250.00. Following the transaction, the director now owns 3,805,554 shares of the company’s stock, valued at $333,937,363.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John C. Malone sold 5,700 shares of the company’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $88.62, for a total value of $505,134.00. Following the transaction, the director now directly owns 3,782,554 shares in the company, valued at approximately $335,209,935.48. The disclosure for this sale can be found here. Insiders have sold 96,700 shares of company stock worth $8,521,624 in the last 90 days. Company insiders own 10.80% of the company’s stock.
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Liberty Broadband Corporation Company Profile
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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