Liberty Broadband Corporation (NASDAQ:LBRDK) has been assigned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold recommendation.
Brokerages have set a 1-year consensus target price of $98.00 for the company and are anticipating that the company will post $0.27 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Liberty Broadband an industry rank of 96 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research raised shares of Liberty Broadband from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th.
In other Liberty Broadband news, Director John C. Malone sold 34,500 shares of the company’s stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $95.18, for a total value of $3,283,710.00. Following the completion of the sale, the director now directly owns 3,452,500 shares of the company’s stock, valued at approximately $328,608,950. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John C. Malone sold 45,000 shares of the company’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $94.21, for a total transaction of $4,239,450.00. Following the completion of the sale, the director now directly owns 3,452,779 shares of the company’s stock, valued at $325,286,309.59. The disclosure for this sale can be found here. Insiders sold 141,600 shares of company stock valued at $13,372,539 in the last ninety days. Corporate insiders own 10.80% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Toronto Dominion Bank raised its holdings in Liberty Broadband by 12.4% during the 2nd quarter. Toronto Dominion Bank now owns 1,316 shares of the company’s stock worth $114,000 after buying an additional 145 shares during the period. Advisor Group Inc. raised its holdings in Liberty Broadband by 14.2% during the 2nd quarter. Advisor Group Inc. now owns 1,674 shares of the company’s stock worth $146,000 after buying an additional 208 shares during the period. Macquarie Group Ltd. raised its holdings in Liberty Broadband by 260.0% during the 2nd quarter. Macquarie Group Ltd. now owns 1,800 shares of the company’s stock worth $156,000 after buying an additional 1,300 shares during the period. Massey Quick Simon & CO. LLC acquired a new stake in Liberty Broadband during the 3rd quarter worth about $172,000. Finally, Fox Run Management L.L.C. acquired a new stake in Liberty Broadband during the 3rd quarter worth about $200,000. Hedge funds and other institutional investors own 54.05% of the company’s stock.
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About Liberty Broadband
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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