Liberty Broadband (NASDAQ:LBRDA) Price Target Cut to $72.00 by Analysts at Evercore ISI

Liberty Broadband (NASDAQ:LBRDA) had its price objective lowered by Evercore ISI from $106.00 to $72.00 in a research note released on Tuesday, MarketBeat Ratings reports. Evercore ISI currently has an outperform rating on the stock.

Liberty Broadband Stock Down 0.8 %

NASDAQ LBRDA opened at $54.22 on Tuesday. The business has a fifty day moving average price of $52.23 and a two-hundred day moving average price of $60.22. The stock has a market capitalization of $7.75 billion, a PE ratio of 9.21, a PEG ratio of 0.12 and a beta of 1.03. Liberty Broadband has a fifty-two week low of $47.17 and a fifty-two week high of $95.61. 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 (NASDAQ:LBRDA) last announced its quarterly earnings data on Wednesday, May 8th. The company reported $1.69 earnings per share 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 business had revenue of $245.00 million for the quarter, compared to the consensus estimate of $248.46 million. Equities analysts expect that Liberty Broadband will post 12.03 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director J David Wargo sold 15,000 shares of the stock in a transaction on Monday, April 8th. The stock was sold at an average price of $51.98, for a total value of $779,700.00. Following the completion of the transaction, the director now directly owns 72,332 shares in the company, valued at approximately $3,759,817.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 14.19% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Headlands Technologies LLC acquired a new stake in shares of Liberty Broadband in the first quarter valued at about $49,000. Principal Securities Inc. acquired a new stake in Liberty Broadband during the 4th quarter valued at approximately $51,000. Spire Wealth Management raised its holdings in Liberty Broadband by 9,080.0% during the 1st quarter. Spire Wealth Management now owns 918 shares of the company’s stock worth $52,000 after purchasing an additional 908 shares during the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Liberty Broadband in the 1st quarter valued at $72,000. Finally, Citigroup Inc. increased its position in shares of Liberty Broadband by 14.2% during the third quarter. Citigroup Inc. now owns 1,348 shares of the company’s stock worth $123,000 after buying an additional 168 shares during the period. Institutional investors and hedge funds 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.