Liberty Broadband Corporation (LBRDA) Downgraded by TheStreet

Liberty Broadband Corporation (LBRDA) Downgraded by TheStreet

Liberty Broadband Corporation (NASDAQ:LBRDA) was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating in a research report issued to clients and investors on Thursday.

Several other research firms also recently commented on LBRDA. Macquarie upgraded shares of Liberty Broadband Corporation from a “neutral” rating to an “outperform” rating and set a $102.00 price objective on the stock in a report on Friday. Zacks Investment Research downgraded shares of Liberty Broadband Corporation from a “hold” rating to a “strong sell” rating in a research note on Tuesday, November 22nd. One equities research analyst has rated the stock with a sell rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $81.17.

Liberty Broadband Corporation (NASDAQ:LBRDA) opened at 83.67 on Thursday. The firm has a market capitalization of $15.20 billion, a price-to-earnings ratio of 13.21 and a beta of 1.45. The company has a 50-day moving average of $74.64 and a 200-day moving average of $68.73. Liberty Broadband Corporation has a 1-year low of $42.03 and a 1-year high of $87.47.

In related news, Director John C. Malone sold 115,112 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The shares were sold at an average price of $70.15, for a total transaction of $8,075,106.80. Following the completion of the sale, the director now owns 4,002,935 shares of the company’s stock, valued at $280,805,890.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John C. Malone sold 30,888 shares of the company’s stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $70.51, for a total transaction of $2,177,912.88. Following the sale, the director now directly owns 3,882,054 shares of the company’s stock, valued at approximately $273,723,627.54. The disclosure for this sale can be found here. Insiders have sold 190,019 shares of company stock valued at $13,455,420 in the last ninety days. 11.32% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of LBRDA. Cutler Group LP boosted its stake in Liberty Broadband Corporation by 19.8% in the third quarter. Cutler Group LP now owns 2,537 shares of the company’s stock valued at $177,000 after buying an additional 420 shares in the last quarter. D.A. Davidson & CO. boosted its stake in Liberty Broadband Corporation by 2.3% in the third quarter. D.A. Davidson & CO. now owns 2,796 shares of the company’s stock valued at $195,000 after buying an additional 63 shares in the last quarter. Panagora Asset Management Inc. boosted its stake in Liberty Broadband Corporation by 37.1% in the second quarter. Panagora Asset Management Inc. now owns 3,328 shares of the company’s stock valued at $198,000 after buying an additional 900 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in Liberty Broadband Corporation during the third quarter valued at $205,000. Finally, Shufro Rose & Co. LLC purchased a new stake in Liberty Broadband Corporation during the third quarter valued at $211,000. 79.70% of the stock is owned by institutional investors and hedge funds.

About Liberty Broadband Corporation

Liberty Broadband Corporation holds interests in Charter Communications, Inc (Charter), TruePosition, Inc (TruePosition) and Time Warner Cable, Inc (TWC). The Company’s segments include Trueposition, Charter, and Corporate and other. The TruePosition segment includes the operations of TruePosition, a subsidiary of the Company that develops and markets technology for locating wireless phones and other wireless devices on a cellular network, enabling wireless carriers and government agencies to provide public safety E-9-1-1 services domestically and services in support of national security and law enforcement across the world.

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