Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Liberty Broadband Corporation (LBRDA) Share Price
Headlines about Liberty Broadband Corporation (NASDAQ:LBRDA) have been trending somewhat positive on Wednesday, Accern reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Liberty Broadband Corporation earned a news sentiment score of 0.03 on Accern’s scale. Accern also gave news coverage about the company an impact score of 43.8211177750429 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Liberty Broadband Corporation (NASDAQ:LBRDA) opened at $88.72 on Wednesday. The firm has a market capitalization of $16,279.42, a P/E ratio of 526.65 and a beta of 1.37. Liberty Broadband Corporation has a fifty-two week low of $61.69 and a fifty-two week high of $104.35. The company has a debt-to-equity ratio of 0.06, a current ratio of 11.64 and a quick ratio of 11.64.
Liberty Broadband Corporation (NASDAQ:LBRDA) last released its quarterly earnings results on Thursday, November 9th. The company reported ($0.05) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.08). Liberty Broadband Corporation had a return on equity of 0.22% and a net margin of 142.94%.
A number of analysts recently issued reports on the stock. Telsey Advisory Group reissued an “outperform” rating and set a $125.00 target price (up previously from $95.00) on shares of Liberty Broadband Corporation in a research report on Thursday, September 7th. TheStreet downgraded shares of Liberty Broadband Corporation from a “b” rating to a “c+” rating in a research report on Wednesday, August 16th. Pivotal Research reissued a “buy” rating and set a $108.00 target price (up previously from $107.00) on shares of Liberty Broadband Corporation in a research report on Tuesday, August 15th. Finally, BidaskClub upgraded Liberty Broadband Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Three equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $111.67.
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In other news, Director John C. Malone sold 182,355 shares of the stock in a transaction that occurred on Friday, August 18th. The stock was sold at an average price of $100.23, for a total transaction of $18,277,441.65. Following the completion of the transaction, the director now directly owns 3,729,985 shares in the company, valued at approximately $373,856,396.55. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director John C. Malone sold 45,000 shares of the stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $93.32, for a total value of $4,199,400.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 493,275 shares of company stock valued at $48,719,421. 6.09% of the stock is owned by company insiders.
Liberty Broadband Corporation 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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