Liberty Broadband (NASDAQ:LBRDK) Lowered to “Strong Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Liberty Broadband (NASDAQ:LBRDK) from a sell rating to a strong sell rating in a report issued on Saturday morning.

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

Liberty Broadband Trading Up 2.0%

NASDAQ LBRDK opened at $34.04 on Friday. The company has a quick ratio of 1.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.10. The firm has a market cap of $4.88 billion, a PE ratio of -4.87 and a beta of 0.65. The company has a 50 day moving average price of $31.80 and a 200 day moving average price of $42.38. Liberty Broadband has a 52 week low of $26.25 and a 52 week high of $65.72.

Institutional Investors Weigh In On Liberty Broadband

Several institutional investors have recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC increased its holdings in shares of Liberty Broadband by 4.4% during the first quarter. Integrated Wealth Concepts LLC now owns 4,092 shares of the company’s stock valued at $348,000 after acquiring an additional 174 shares in the last quarter. Mariner LLC boosted its stake in Liberty Broadband by 3.4% in the 3rd quarter. Mariner LLC now owns 6,958 shares of the company’s stock worth $442,000 after purchasing an additional 226 shares in the last quarter. Fiduciary Alliance LLC boosted its stake in Liberty Broadband by 3.9% in the 1st quarter. Fiduciary Alliance LLC now owns 6,211 shares of the company’s stock worth $319,000 after purchasing an additional 236 shares in the last quarter. Captrust Financial Advisors grew its position in Liberty Broadband by 4.6% during the 2nd quarter. Captrust Financial Advisors now owns 5,376 shares of the company’s stock worth $529,000 after purchasing an additional 237 shares during the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in Liberty Broadband by 0.7% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 35,369 shares of the company’s stock worth $2,247,000 after purchasing an additional 239 shares during the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

Liberty Broadband Company Profile

Liberty Broadband Corporation is a publicly traded holding company that principally invests in broadband and cable businesses. Established in 2014 as a spin-off from Liberty Interactive Corporation, the company was designed to provide investors with targeted exposure to high-growth broadband assets. Headquartered in Englewood, Colorado, Liberty Broadband uses a tracking-stock structure to reflect the performance of its key investments rather than operating a stand-alone service business.

The company’s primary asset is its substantial equity interest in Charter Communications, one of the largest cable and broadband providers in the United States.