Liberty Broadband (NASDAQ:LBRDK) Stock Rating Lowered by Wall Street Zen

Liberty Broadband (NASDAQ:LBRDK) was downgraded by research analysts at Wall Street Zen from a “sell” rating to a “strong sell” rating in a report issued on Saturday.

Separately, Weiss Ratings restated a “sell (d)” rating on shares of Liberty Broadband in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat.com, Liberty Broadband currently has an average rating of “Sell”.

Liberty Broadband Stock Performance

NASDAQ LBRDK opened at $34.04 on Friday. Liberty Broadband has a 52-week low of $26.25 and a 52-week high of $65.72. The company has a fifty day moving average of $31.80 and a 200-day moving average of $42.34. The company has a market capitalization of $4.88 billion, a P/E ratio of -4.87 and a beta of 0.64. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.09 and a current ratio of 0.09.

Institutional Investors Weigh In On Liberty Broadband

A number of hedge funds have recently made changes to their positions in the business. Norges Bank purchased a new position in shares of Liberty Broadband in the fourth quarter worth about $180,881,000. UBS Group AG boosted its position in shares of Liberty Broadband by 301.3% during the fourth quarter. UBS Group AG now owns 1,505,070 shares of the company’s stock valued at $73,146,000 after purchasing an additional 1,130,044 shares in the last quarter. Balyasny Asset Management L.P. purchased a new stake in Liberty Broadband in the third quarter worth $52,032,000. Marshall Wace LLP grew its stake in Liberty Broadband by 475.3% in the third quarter. Marshall Wace LLP now owns 942,375 shares of the company’s stock worth $59,879,000 after purchasing an additional 778,580 shares during the period. Finally, Greenstone Partners & Co. LLC bought a new position in Liberty Broadband in the fourth quarter worth $37,501,000. 80.22% of the stock is currently owned by institutional investors.

Liberty Broadband Company Profile

Liberty Broadband Corporation is a publicly traded holding company that principally invests in broadband and cable businesses. Established in 2014 as a spin-off from Liberty Interactive Corporation, the company was designed to provide investors with targeted exposure to high-growth broadband assets. Headquartered in Englewood, Colorado, Liberty Broadband uses a tracking-stock structure to reflect the performance of its key investments rather than operating a stand-alone service business.

The company’s primary asset is its substantial equity interest in Charter Communications, one of the largest cable and broadband providers in the United States.