Liberty Broadband Corp. (LBRDA) Hits New 1-Year High at $66.48
Liberty Broadband Corp. (NASDAQ:LBRDA) reached a new 52-week high during trading on Tuesday . The stock traded as high as $66.48 and last traded at $65.94, with a volume of 206,263 shares. The stock had previously closed at $62.02.
Several research firms have commented on LBRDA. Zacks Investment Research raised Liberty Broadband Corp. from a “hold” rating to a “buy” rating and set a $69.00 target price on the stock in a report on Wednesday, July 13th. Wunderlich upped their price target on Liberty Broadband Corp. from $70.00 to $73.00 and gave the company a “buy” rating in a report on Wednesday, June 22nd. Pivotal Research upped their price target on Liberty Broadband Corp. from $74.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, May 24th. Deutsche Bank AG reaffirmed a “buy” rating and set a $76.00 price target on shares of Liberty Broadband Corp. in a report on Sunday, May 22nd. Finally, TheStreet raised Liberty Broadband Corp. from a “sell” rating to a “hold” rating in a report on Monday, April 11th. One research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $72.80.
The stock’s market capitalization is $6.80 billion. The company’s 50 day moving average price is $60.96 and its 200-day moving average price is $56.37.
In other Liberty Broadband Corp. news, Director John C. Malone sold 66,500 shares of the firm’s stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $59.37, for a total transaction of $3,948,105.00. Following the transaction, the director now directly owns 4,175,054 shares in the company, valued at approximately $247,872,955.98. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
An institutional investor recently raised its position in Liberty Broadband Corp. stock. Dimensional Fund Advisors LP increased its position in shares of Liberty Broadband Corp. (NASDAQ:LBRDA) by 3.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 216,543 shares of the company’s stock after buying an additional 7,794 shares during the period. Dimensional Fund Advisors LP owned 0.21% of Liberty Broadband Corp. worth $11,184,000 as of its most recent filing with the SEC.
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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