Liberty Broadband (NASDAQ:LBRDK) Upgraded to Hold at Wall Street Zen

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) was upgraded by research analysts at Wall Street Zen to a "hold" rating in a research note issued to investors on Saturday.

Liberty Broadband Stock Down 8.7%

Liberty Broadband stock traded down $8.39 during mid-day trading on Friday, reaching $88.20. 3,600,956 shares of the company's stock were exchanged, compared to its average volume of 1,073,897. Liberty Broadband has a twelve month low of $54.71 and a twelve month high of $104.00. The company has a fifty day moving average of $95.39 and a 200-day moving average of $85.61. The company has a quick ratio of 1.39, a current ratio of 1.39 and a debt-to-equity ratio of 0.35. The company has a market cap of $12.64 billion, a P/E ratio of 14.10 and a beta of 1.01.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The company reported $1.87 earnings per share (EPS) for the quarter. Liberty Broadband had a net margin of 88.10% and a return on equity of 9.24%. The company had revenue of $256.00 million for the quarter. Sell-side analysts expect that Liberty Broadband will post 7.71 EPS for the current year.

Institutional Trading of Liberty Broadband

Institutional investors have recently added to or reduced their stakes in the business. Deutsche Bank AG lifted its holdings in Liberty Broadband by 125.6% in the fourth quarter. Deutsche Bank AG now owns 3,060,143 shares of the company's stock worth $228,776,000 after acquiring an additional 1,703,637 shares during the last quarter. Norges Bank bought a new stake in Liberty Broadband during the fourth quarter worth approximately $100,845,000. Adage Capital Partners GP L.L.C. boosted its holdings in Liberty Broadband by 425.3% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,231,136 shares of the company's stock worth $92,040,000 after buying an additional 996,764 shares in the last quarter. Pentwater Capital Management LP boosted its holdings in Liberty Broadband by 454.0% during the fourth quarter. Pentwater Capital Management LP now owns 1,108,000 shares of the company's stock worth $82,834,000 after buying an additional 908,000 shares in the last quarter. Finally, Hsbc Holdings PLC boosted its holdings in Liberty Broadband by 6,649.1% during the first quarter. Hsbc Holdings PLC now owns 878,124 shares of the company's stock worth $73,923,000 after buying an additional 865,113 shares in the last quarter. 80.22% of the stock is owned by hedge funds and other institutional investors.

Liberty Broadband Company Profile

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.