Liberty Broadband (NASDAQ:LBRDA) Reaches New 52-Week High – Should You Buy?

Liberty Broadband Co. (NASDAQ:LBRDA)’s stock price hit a new 52-week high during mid-day trading on Saturday . The company traded as high as $102.38 and last traded at $100.20, with a volume of 877944 shares traded. The stock had previously closed at $96.25.

Analyst Ratings Changes

Separately, Benchmark lowered their price target on Liberty Broadband from $130.00 to $115.00 and set a “buy” rating on the stock in a research note on Monday, March 31st. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $86.20.

Liberty Broadband Stock Performance

The stock has a market cap of $14.36 billion, a PE ratio of 18.45 and a beta of 1.02. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The stock has a 50-day moving average of $83.52 and a 200 day moving average of $82.04.

Liberty Broadband (NASDAQ:LBRDA) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.20 by $0.67. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The firm had revenue of $266.00 million for the quarter, compared to the consensus estimate of $248.60 million.

Hedge Funds Weigh In On Liberty Broadband

Several large investors have recently modified their holdings of the business. American Century Companies Inc. lifted its stake in shares of Liberty Broadband by 4.4% in the 1st quarter. American Century Companies Inc. now owns 3,188 shares of the company’s stock valued at $271,000 after purchasing an additional 135 shares during the last quarter. PAX Financial Group LLC lifted its stake in shares of Liberty Broadband by 1.1% in the 4th quarter. PAX Financial Group LLC now owns 13,799 shares of the company’s stock valued at $1,026,000 after purchasing an additional 144 shares during the last quarter. M&T Bank Corp lifted its stake in shares of Liberty Broadband by 3.6% in the 4th quarter. M&T Bank Corp now owns 4,562 shares of the company’s stock valued at $339,000 after purchasing an additional 158 shares during the last quarter. Farther Finance Advisors LLC lifted 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 valued at $48,000 after purchasing an additional 199 shares during the last quarter. Finally, S&CO Inc. lifted its stake in shares of Liberty Broadband by 0.3% in the 1st quarter. S&CO Inc. now owns 81,205 shares of the company’s stock valued at $6,902,000 after purchasing an additional 226 shares during the last quarter. Institutional investors and hedge funds own 10.29% of the company’s stock.

About Liberty Broadband

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.