Liberty Broadband Corporation (NASDAQ:LBRDK - Get Free Report) shares hit a new 52-week low on Friday . The stock traded as low as $28.94 and last traded at $29.71, with a volume of 5806426 shares traded. The stock had previously closed at $30.40.
Wall Street Analysts Forecast Growth
LBRDK has been the topic of several recent research reports. Wall Street Zen raised Liberty Broadband from a "strong sell" rating to a "sell" rating in a research report on Saturday, May 2nd. Weiss Ratings reissued a "sell (d)" rating on shares of Liberty Broadband in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of "Sell".
View Our Latest Analysis on Liberty Broadband
Liberty Broadband Trading Down 2.3%
The stock has a 50-day moving average of $31.95 and a 200 day moving average of $43.03. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.27. The stock has a market cap of $4.26 billion, a PE ratio of -1.55 and a beta of 0.65.
Hedge Funds Weigh In On Liberty Broadband
Institutional investors and hedge funds have recently modified their holdings of the business. Highlander Partners L.P. purchased a new position in shares of Liberty Broadband in the fourth quarter valued at approximately $26,000. Western Wealth Management LLC purchased a new stake in shares of Liberty Broadband during the first quarter worth approximately $28,000. eCIO Inc. acquired a new position in Liberty Broadband in the 4th quarter valued at $30,000. Essential Partners LLC lifted its holdings in Liberty Broadband by 153.9% in the 1st quarter. Essential Partners LLC now owns 678 shares of the company's stock valued at $34,000 after purchasing an additional 411 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new position in Liberty Broadband in the 3rd quarter valued at $42,000. Hedge funds and other institutional investors own 80.22% of the company's stock.
About Liberty Broadband
(
Get Free Report)
Liberty Broadband Corporation is a publicly traded holding company that principally invests in broadband and cable businesses. Established in 2014 as a spin-off from Liberty Interactive Corporation, the company was designed to provide investors with targeted exposure to high-growth broadband assets. Headquartered in Englewood, Colorado, Liberty Broadband uses a tracking-stock structure to reflect the performance of its key investments rather than operating a stand-alone service business.
The company's primary asset is its substantial equity interest in Charter Communications, one of the largest cable and broadband providers in the United States.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Liberty Broadband, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Liberty Broadband wasn't on the list.
While Liberty Broadband currently has a Sell rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of the 7 hottest IPOs expected to hit Wall Street in 2026. See which companies are preparing to go public and why investors are watching closely.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
