Liberty Broadband (LBRDA) Projected to Post Earnings on Thursday

Liberty Broadband (NASDAQ:LBRDA) is expected to release its results before the market opens on Thursday, August 6th. Analysts expect Liberty Broadband to announce earnings of $2.13 per share for the quarter.

Liberty Broadband (NASDAQ:LBRDA) last posted its quarterly earnings data on Tuesday, April 28th. The company reported $1.41 earnings per share (EPS) for the quarter.

Liberty Broadband Trading Down 0.6%

Shares of LBRDA stock opened at $33.85 on Tuesday. The business has a 50-day moving average price of $31.76 and a two-hundred day moving average price of $42.18. Liberty Broadband has a 12-month low of $26.14 and a 12-month high of $65.40. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.10. The firm has a market cap of $4.86 billion, a P/E ratio of -4.84 and a beta of 0.64.

Institutional Trading of Liberty Broadband

Several hedge funds have recently added to or reduced their stakes in LBRDA. Franklin Resources Inc. boosted its holdings in Liberty Broadband by 66.2% during the 2nd quarter. Franklin Resources Inc. now owns 615 shares of the company’s stock valued at $60,000 after acquiring an additional 245 shares during the period. Federation des caisses Desjardins du Quebec increased its stake in Liberty Broadband by 22.0% in the 4th quarter. Federation des caisses Desjardins du Quebec now owns 1,377 shares of the company’s stock worth $66,000 after purchasing an additional 248 shares during the period. CANADA LIFE ASSURANCE Co lifted its position in Liberty Broadband by 62.3% in the second quarter. CANADA LIFE ASSURANCE Co now owns 2,245 shares of the company’s stock valued at $220,000 after purchasing an additional 862 shares during the last quarter. CIBC Private Wealth Group LLC lifted its position in Liberty Broadband by 26.4% in the third quarter. CIBC Private Wealth Group LLC now owns 2,621 shares of the company’s stock valued at $166,000 after purchasing an additional 547 shares during the last quarter. Finally, American Century Companies Inc. lifted its position in Liberty Broadband by 8.3% in the second quarter. American Century Companies Inc. now owns 3,453 shares of the company’s stock valued at $338,000 after purchasing an additional 265 shares during the last quarter. 10.29% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.