Liberty Broadband Corp (LBRDA) Short Interest Update
Liberty Broadband Corp (NASDAQ:LBRDA) saw a significant growth in short interest in the month of March. As of March 31st, there was short interest totalling 705,910 shares, a growth of 25.0% from the March 15th total of 564,718 shares. Based on an average trading volume of 155,799 shares, the short-interest ratio is presently 4.5 days.
Several brokerages recently commented on LBRDA. Pivotal Research cut their price objective on Liberty Broadband Corp from $108.00 to $107.00 and set a “buy” rating for the company in a report on Wednesday, April 5th. Zacks Investment Research downgraded Liberty Broadband Corp from a “hold” rating to a “sell” rating in a research report on Wednesday, March 15th. Macquarie upgraded Liberty Broadband Corp from a “neutral” rating to an “outperform” rating and set a $102.00 target price on the stock in a research report on Friday, January 27th. Telsey Advisory Group lifted their target price on Liberty Broadband Corp from $85.00 to $95.00 and gave the company an “outperform” rating in a research report on Friday, February 17th. Finally, TheStreet upgraded Liberty Broadband Corp from a “c+” rating to a “b-” rating in a research report on Wednesday, March 8th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $87.67.
Liberty Broadband Corp (NASDAQ:LBRDA) traded down 0.28% during trading on Tuesday, reaching $85.77. The company had a trading volume of 58,772 shares. Liberty Broadband Corp has a 52 week low of $54.53 and a 52 week high of $88.57. The firm has a market capitalization of $15.59 billion, a P/E ratio of 14.29 and a beta of 1.51. The stock has a 50 day moving average price of $84.81 and a 200 day moving average price of $76.03.
Several hedge funds have recently modified their holdings of LBRDA. Shufro Rose & Co. LLC acquired a new stake in shares of Liberty Broadband Corp during the third quarter valued at approximately $211,000. BTG Pactual Global Asset Management Ltd acquired a new stake in shares of Liberty Broadband Corp during the third quarter valued at approximately $223,000. Keybank National Association OH raised its stake in shares of Liberty Broadband Corp by 0.6% in the fourth quarter. Keybank National Association OH now owns 3,288 shares of the company’s stock valued at $238,000 after buying an additional 19 shares in the last quarter. Envestnet Asset Management Inc. raised its stake in shares of Liberty Broadband Corp by 2.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 4,172 shares of the company’s stock valued at $297,000 after buying an additional 99 shares in the last quarter. Finally, Aperio Group LLC raised its stake in shares of Liberty Broadband Corp by 8.2% in the third quarter. Aperio Group LLC now owns 4,186 shares of the company’s stock valued at $294,000 after buying an additional 317 shares in the last quarter. Hedge funds and other institutional investors own 80.64% of the company’s stock.
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Liberty Broadband Corp Company Profile
Liberty Broadband Corporation holds interest in Charter Communications, Inc (Charter) and its subsidiary Skyhook Holding, Inc (Skyhook). The Company’s segments include Skyhook, Charter, and Corporate and other. Skyhook provides a wireless fidelity (Wi-Fi)-based location platform focused on providing positioning technology and contextual location intelligence solutions.
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