Deutsche Bank Aktiengesellschaft Reaffirms “Hold” Rating for Liberty Broadband (NASDAQ:LBRDA)

Deutsche Bank Aktiengesellschaft restated their hold rating on shares of Liberty Broadband (NASDAQ:LBRDA) in a research report report published on Friday morning, Marketbeat Ratings reports. The firm currently has a $95.00 price objective on the stock, up from their prior price objective of $90.00.

Separately, Rosenblatt Securities cut shares of Liberty Broadband from a “buy” rating to a “neutral” rating and upped their price objective for the company from $91.00 to $92.00 in a research note on Thursday, November 14th.

Liberty Broadband Trading Down 1.3 %

Shares of LBRDA opened at $86.51 on Friday. Liberty Broadband has a 1-year low of $47.17 and a 1-year high of $100.44. The company has a market capitalization of $12.36 billion, a P/E ratio of 15.93 and a beta of 1.04. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The firm’s 50 day simple moving average is $78.38 and its 200 day simple moving average is $64.07.

Liberty Broadband (NASDAQ:LBRDA) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.66). The company had revenue of $262.00 million for the quarter, compared to analysts’ expectations of $242.40 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. During the same quarter last year, the business posted $1.10 EPS.

Insider Activity

In related news, insider Renee L. Wilm sold 4,423 shares of the business’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $76.56, for a total transaction of $338,624.88. Following the transaction, the insider now owns 3,670 shares in the company, valued at $280,975.20. The trade was a 54.65 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Brian J. Wendling sold 2,208 shares of the business’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $75.84, for a total value of $167,454.72. Following the transaction, the chief accounting officer now owns 11,054 shares in the company, valued at approximately $838,335.36. This represents a 16.65 % decrease in their position. The disclosure for this sale can be found here. Insiders own 14.19% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Sei Investments Co. grew its holdings in shares of Liberty Broadband by 8.5% during the 1st quarter. Sei Investments Co. now owns 12,210 shares of the company’s stock worth $698,000 after acquiring an additional 960 shares during the period. Headlands Technologies LLC purchased a new position in shares of Liberty Broadband during the 1st quarter worth approximately $49,000. State Board of Administration of Florida Retirement System grew its holdings in shares of Liberty Broadband by 16.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 21,537 shares of the company’s stock worth $1,230,000 after acquiring an additional 3,033 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Liberty Broadband by 6.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 8,838 shares of the company’s stock worth $505,000 after acquiring an additional 540 shares during the period. Finally, Comerica Bank grew its holdings in shares of Liberty Broadband by 16.0% during the 1st quarter. Comerica Bank now owns 7,283 shares of the company’s stock worth $416,000 after acquiring an additional 1,003 shares during the period. Hedge funds and other institutional investors 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.