Zacks Investment Research downgraded shares of Liberty Broadband Corp Series C (NASDAQ:LBRDK) from a hold rating to a sell rating in a research report report published on Saturday, Zacks.com reports.

According to Zacks, “Liberty Broadband Corporation, through its subsidiaries, engages in providing digital cable services to residential and commercial customers; and entertainment, information, and communications solutions. It also provides wireless location positioning and related services. Liberty Broadband Corporation is based in Englewood, Colorado. “

A number of other brokerages have also recently issued reports on LBRDK. Morgan Stanley raised their target price on shares of WPP from GBX 1,025 ($13.39) to GBX 1,060 ($13.85) and gave the stock an equal weight rating in a report on Wednesday, July 17th. ValuEngine raised shares of VESTAS WIND SYS/ADR from a hold rating to a buy rating in a report on Thursday, May 9th. TheStreet raised shares of White Mountains Insurance Group from a c rating to a b rating in a report on Monday, May 13th. BidaskClub cut shares of Amyris from a hold rating to a sell rating in a report on Thursday, June 27th. Finally, TD Securities cut their target price on shares of Kinder Morgan Canada from C$14.50 to C$12.50 and set a hold rating on the stock in a report on Thursday, July 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. The stock currently has a consensus rating of Hold and a consensus target price of $117.33.

Shares of NASDAQ LBRDK opened at $104.99 on Friday. The company has a quick ratio of 12.76, a current ratio of 12.76 and a debt-to-equity ratio of 0.05. The stock has a 50-day simple moving average of $104.16. Liberty Broadband Corp Series C has a 52-week low of $68.47 and a 52-week high of $108.79. The company has a market capitalization of $19.18 billion, a PE ratio of 276.29 and a beta of 1.29.

Liberty Broadband Corp Series C (NASDAQ:LBRDK) last issued its earnings results on Thursday, May 2nd. The company reported ($0.08) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.40). Liberty Broadband Corp Series C had a return on equity of 0.67% and a net margin of 507.95%. The business had revenue of $3.46 million during the quarter. On average, research analysts anticipate that Liberty Broadband Corp Series C will post 1.47 earnings per share for the current year.

Several large investors have recently made changes to their positions in the business. W.E. Donoghue & Co. LLC acquired a new position in Liberty Broadband Corp Series C in the second quarter worth approximately $2,640,000. QV Investors Inc. acquired a new position in Liberty Broadband Corp Series C in the second quarter worth approximately $13,801,000. Robeco Institutional Asset Management B.V. grew its position in Liberty Broadband Corp Series C by 604.3% in the second quarter. Robeco Institutional Asset Management B.V. now owns 16,269 shares of the company’s stock worth $1,696,000 after buying an additional 13,959 shares during the last quarter. Focused Wealth Management Inc grew its position in Liberty Broadband Corp Series C by 20,000.0% in the second quarter. Focused Wealth Management Inc now owns 1,206 shares of the company’s stock worth $126,000 after buying an additional 1,200 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Liberty Broadband Corp Series C by 8.4% in the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 54,323 shares of the company’s stock worth $5,662,000 after buying an additional 4,200 shares during the last quarter. Institutional investors own 55.06% of the company’s stock.

About Liberty Broadband Corp Series C

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential, and small and medium business customers in the United States. The company operates through Skyhook and Charter segments. The Skyhook segment offers Precision Location Solution, a location determination service for mobile device makers, wireless carriers, and asset tracking platforms to understand the precise geographic location and movement of mobile devices, as well as for enhancing the location determination capabilities of a hybrid location system.

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