Liberty Broadband (NASDAQ:LBRDA) Announces Quarterly Earnings Results

Liberty Broadband (NASDAQ:LBRDA) released its quarterly earnings data on Wednesday. The company reported ($14.86) earnings per share for the quarter, FiscalAI reports.

Liberty Broadband Stock Up 3.8%

LBRDA stock opened at $34.09 on Thursday. Liberty Broadband has a 1-year low of $26.14 and a 1-year high of $65.40. The business has a fifty day moving average price of $31.79 and a 200-day moving average price of $42.47. The company has a debt-to-equity ratio of 0.27, a current ratio of 1.09 and a quick ratio of 1.09. The stock has a market capitalization of $4.89 billion, a P/E ratio of -1.78 and a beta of 0.65.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On Liberty Broadband

Several large investors have recently bought and sold shares of the business. EverSource Wealth Advisors LLC boosted its stake in shares of Liberty Broadband by 114.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 602 shares of the company’s stock worth $30,000 after buying an additional 321 shares during the last quarter. Franklin Resources Inc. increased its stake in Liberty Broadband by 66.2% in the 2nd quarter. Franklin Resources Inc. now owns 615 shares of the company’s stock worth $60,000 after buying an additional 245 shares in the last quarter. Comerica Bank lifted its position in shares of Liberty Broadband by 104.2% in the fourth quarter. Comerica Bank now owns 1,027 shares of the company’s stock valued at $50,000 after acquiring an additional 524 shares in the last quarter. Federation des caisses Desjardins du Quebec boosted its stake in shares of Liberty Broadband by 22.0% in the fourth quarter. Federation des caisses Desjardins du Quebec now owns 1,377 shares of the company’s stock worth $66,000 after acquiring an additional 248 shares during the period. Finally, Parallel Advisors LLC grew its position in shares of Liberty Broadband by 388.4% during the first quarter. Parallel Advisors LLC now owns 2,154 shares of the company’s stock worth $108,000 after purchasing an additional 1,713 shares in the last quarter. 10.29% of the stock is currently owned by institutional investors.

About Liberty Broadband

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.