Weiss Ratings Reiterates "Hold (C-)" Rating for Liberty Broadband (NASDAQ:LBRDA)

Key Points

• Weiss Ratings has maintained a "hold (C-)" rating for Liberty Broadband (NASDAQ:LBRDA) in a recent report.
• Liberty Broadband's stock increased by 3.2% to $61.37, with a substantial market capitalization of $8.81 billion.
• The company reported a strong earnings performance, with an EPS of $2.68, exceeding analysts' estimates of $1.37.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report)'s stock had its "hold (c-)" rating restated by equities researchers at Weiss Ratings in a report issued on Tuesday,Weiss Ratings reports.

Liberty Broadband Trading Up 3.2%

Shares of LBRDA traded up $1.90 during midday trading on Tuesday, reaching $61.37. The company had a trading volume of 74,644 shares, compared to its average volume of 147,036. Liberty Broadband has a 1-year low of $57.35 and a 1-year high of $102.38. The stock has a market cap of $8.81 billion, a PE ratio of 8.10 and a beta of 1.00. The firm has a 50 day simple moving average of $60.90 and a 200-day simple moving average of $78.11. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $2.68 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.37 by $1.31. Liberty Broadband had a return on equity of 10.89% and a net margin of 103.04%.The business had revenue of $261.00 million during the quarter, compared to the consensus estimate of $251.70 million.

Institutional Trading of Liberty Broadband

Hedge funds and other institutional investors have recently modified their holdings of the stock. Farther Finance Advisors LLC increased its stake in shares of Liberty Broadband by 54.2% in the 1st quarter. Farther Finance Advisors LLC now owns 566 shares of the company's stock worth $48,000 after acquiring an additional 199 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Liberty Broadband by 66.2% during the 2nd quarter. Franklin Resources Inc. now owns 615 shares of the company's stock worth $60,000 after purchasing an additional 245 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Liberty Broadband by 21.2% during the 2nd quarter. GAMMA Investing LLC now owns 698 shares of the company's stock worth $68,000 after purchasing an additional 122 shares during the last quarter. Central Pacific Bank Trust Division increased its position in shares of Liberty Broadband by 30.8% during the 2nd quarter. Central Pacific Bank Trust Division now owns 1,700 shares of the company's stock worth $166,000 after purchasing an additional 400 shares during the last quarter. Finally, Parallel Advisors LLC increased its position in shares of Liberty Broadband by 10.8% during the 2nd quarter. Parallel Advisors LLC now owns 1,798 shares of the company's stock worth $176,000 after purchasing an additional 175 shares during the last quarter. 10.29% of the stock is owned by institutional investors and hedge funds.

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.

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