Liberty Broadband (LBRDA) Projected to Release Earnings on Thursday

Liberty Broadband (NASDAQ:LBRDA) is expected to post its results before the market opens on Thursday, August 6th. Analysts expect the company to post earnings of $2.13 per share for the quarter.

Liberty Broadband (NASDAQ:LBRDA) last posted its quarterly earnings results on Tuesday, April 28th. The company reported $1.41 earnings per share for the quarter.

Liberty Broadband Price Performance

Shares of NASDAQ:LBRDA opened at $36.04 on Wednesday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.09 and a current ratio of 0.09. The firm has a fifty day moving average price of $31.81 and a 200 day moving average price of $42.10. Liberty Broadband has a fifty-two week low of $26.14 and a fifty-two week high of $65.40. The firm has a market cap of $5.17 billion, a price-to-earnings ratio of -5.16 and a beta of 0.64.

Institutional Trading of Liberty Broadband

Several hedge funds have recently made changes to their positions in LBRDA. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Liberty Broadband by 39.6% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 5,855 shares of the company’s stock worth $283,000 after purchasing an additional 1,661 shares during the period. Millennium Management LLC lifted its position in Liberty Broadband by 5.4% in the fourth quarter. Millennium Management LLC now owns 629,881 shares of the company’s stock worth $30,411,000 after buying an additional 32,119 shares during the last quarter. First Manhattan CO. LLC. lifted its position in Liberty Broadband by 0.9% in the fourth quarter. First Manhattan CO. LLC. now owns 38,163 shares of the company’s stock worth $1,843,000 after buying an additional 345 shares during the last quarter. AQR Capital Management LLC boosted its stake in Liberty Broadband by 215.3% during the fourth quarter. AQR Capital Management LLC now owns 49,895 shares of the company’s stock worth $2,409,000 after buying an additional 34,070 shares during the period. Finally, Trexquant Investment LP purchased a new position in Liberty Broadband during the fourth quarter worth $1,337,000. 10.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered Liberty Broadband from a “sell (d)” rating to a “sell (d-)” rating in a research report on Monday. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, Liberty Broadband presently has a consensus rating of “Sell”.

Liberty Broadband Company Profile

Liberty Broadband Corporation is a holding company primarily focused on investments in broadband businesses, most notably a significant equity interest in Charter Communications, Inc As a shareholder of Charter’s Class A common stock, Liberty Broadband benefits from the growth and operational performance of one of the largest cable and broadband providers in the United States. The company does not operate consumer services directly but instead seeks to enhance shareholder value through its strategic stake and board representation in Charter.

In addition to its Charter position, Liberty Broadband holds an ownership interest in GCI Liberty, Inc, a holding company with interests in an Alaskan telecommunications provider and other media assets.