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

Deutsche Bank Aktiengesellschaft reaffirmed their hold rating on shares of Liberty Broadband (NASDAQ:LBRDA) in a research report released on Friday morning, Marketbeat Ratings reports. They currently have a $95.00 target price on the stock, up from their prior target price of $90.00.

Separately, Rosenblatt Securities lowered Liberty Broadband from a “buy” rating to a “neutral” rating and increased their price target for the stock from $91.00 to $92.00 in a research note on Thursday.

Liberty Broadband Price Performance

Shares of NASDAQ:LBRDA opened at $87.64 on Friday. Liberty Broadband has a one year low of $47.17 and a one year high of $100.44. The stock has a market cap of $12.52 billion, a PE ratio of 16.14 and a beta of 1.04. The business’s fifty day moving average price is $77.82 and its two-hundred day moving average price is $63.82. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07.

Liberty Broadband (NASDAQ:LBRDA) last announced its earnings results 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). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The firm had revenue of $262.00 million during the quarter, compared to analyst estimates of $242.40 million. During the same period in the previous year, the firm posted $1.10 EPS.

Insider Buying and Selling

In other Liberty Broadband news, CAO Brian J. Wendling sold 2,208 shares of the company’s stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $75.84, for a total transaction of $167,454.72. Following the completion of the sale, the chief accounting officer now directly owns 11,054 shares in the company, valued at $838,335.36. This represents a 16.65 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Renee L. Wilm sold 4,423 shares of Liberty Broadband stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total value of $338,624.88. Following the completion of the transaction, the insider now directly owns 3,670 shares in the company, valued at $280,975.20. This represents a 54.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 14.19% of the company’s stock.

Hedge Funds Weigh In On Liberty Broadband

A number of hedge funds have recently made changes to their positions in the business. American National Bank & Trust purchased a new stake in shares of Liberty Broadband during the 3rd quarter valued at about $32,000. GAMMA Investing LLC grew its position in Liberty Broadband by 161.8% in the third quarter. GAMMA Investing LLC now owns 631 shares of the company’s stock valued at $48,000 after acquiring an additional 390 shares in the last quarter. Headlands Technologies LLC purchased a new stake in shares of Liberty Broadband during the first quarter valued at approximately $49,000. Paloma Partners Management Co acquired a new position in shares of Liberty Broadband during the third quarter worth $54,000. Finally, CWM LLC boosted its stake in shares of Liberty Broadband by 112.6% in the second quarter. CWM LLC now owns 1,352 shares of the company’s stock valued at $74,000 after purchasing an additional 716 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.