Evercore ISI Lowers Liberty Broadband (NASDAQ:LBRDA) Price Target to $72.00

Liberty Broadband (NASDAQ:LBRDA) had its price target cut by stock analysts at Evercore ISI from $106.00 to $72.00 in a research report issued on Tuesday, Benzinga reports. The firm currently has an “outperform” rating on the stock. Evercore ISI’s price target would suggest a potential upside of 32.21% from the stock’s previous close.

Liberty Broadband Stock Performance

Shares of NASDAQ:LBRDA traded up $0.54 during trading on Tuesday, reaching $54.46. 15,652 shares of the company’s stock traded hands, compared to its average volume of 149,161. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.81 and a quick ratio of 1.81. Liberty Broadband has a 12 month low of $47.17 and a 12 month high of $95.61. The company has a 50 day moving average of $51.99 and a 200-day moving average of $60.60. The stock has a market capitalization of $7.78 billion, a P/E ratio of 9.25, a price-to-earnings-growth ratio of 0.11 and a beta of 1.03.

Liberty Broadband (NASDAQ:LBRDA) last posted its earnings results on Wednesday, May 8th. The company reported $1.69 EPS for the quarter, missing the consensus estimate of $2.80 by ($1.11). Liberty Broadband had a return on equity of 9.55% and a net margin of 87.75%. The firm had revenue of $245.00 million during the quarter, compared to the consensus estimate of $248.46 million. On average, equities analysts expect that Liberty Broadband will post 12.03 EPS for the current year.

Insider Buying and Selling

In related news, Director J David Wargo sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $51.43, for a total transaction of $514,300.00. Following the completion of the sale, the director now directly owns 87,332 shares in the company, valued at $4,491,484.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 14.19% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Liberty Broadband

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in LBRDA. Principal Securities Inc. purchased a new stake in Liberty Broadband in the 4th quarter worth approximately $51,000. Headlands Technologies LLC bought a new position in shares of Liberty Broadband during the 1st quarter valued at $49,000. Spire Wealth Management raised its holdings in shares of Liberty Broadband by 9,080.0% during the 1st quarter. Spire Wealth Management now owns 918 shares of the company’s stock valued at $52,000 after purchasing an additional 908 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in shares of Liberty Broadband during the 1st quarter valued at $72,000. Finally, Citigroup Inc. raised its holdings in shares of Liberty Broadband by 14.2% during the 3rd quarter. Citigroup Inc. now owns 1,348 shares of the company’s stock valued at $123,000 after purchasing an additional 168 shares in the last quarter. Institutional investors and hedge funds own 10.29% of the company’s stock.

Liberty Broadband Company Profile

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.