Liberty Broadband Corp (NASDAQ:LBRDK) gain 2.32% – Is It right time to buy?

Rosalind Gate

Liberty Broadband Corp (LBRDK) saw an uptrend of 2.32% in the recent trading with $47.19 being its most recent. The current price level -51.53% lower than the highest price of $97.36 marked by the stock while trading over the past 52-weeks, whereas it is 5.74% higher than the lowest price of $44.63 the company dropped to over past 52-weeks. The latest news story on LBRDK appeared in (Business Wire) under the title “Liberty Broadband Corporation to Conduct Quarterly Q&A Conference Call”.

Do analysts rate it as a buy, sell or hold?

Irrespective of recent performance, what’s important is what the future holds. In uncertain economic times, a clear picture is difficult to get. Analysts generally have a good understanding of the market works, which gives them a leg up in making predictions. Currently, the stock has been recommended as Hold by 2 of the brokerage firms. Analyst ratings are often compiled into a single score from 1 to 5. The score of 1 signifies buy or strong buy, the score of 2 signifies outperform, the score of 3 means hold, and the score of 4 indicates underperform. The simple numeric range of brokerage firm referenced at the scale of 1 to 5 reads a current average recommendation of 3.00 for the stock.

Liberty Broadband Corp Earnings – What Happened With LBRDK

Coming around sales and income figures on LBRDK Stock Income Statement, public trading companies under normal circumstances post earnings and revenues near to average estimates by the Wall Street analysts, but those could came either above or below estimates and known as surprise factor.

LBRDK – Liberty Broadband Corp Stock Earnings Estimates

The perspective of Liberty Broadband Corp (NASDAQ:LBRDK)’s current quarter earnings identifies that analysts are in consensus over the estimate of 1.41 for stock’s EPS in the current quarter. Company’s EPS for the last quarter was 2.04.

Liberty Broadband Corp – Insider Activity and Holdings

Investors get the exact data about the key information of institutional ownership in a listed company through its 13F filings at the Stock Exchange Commission (SEC). The total number of common shares currently owned by the public is 124.85 million. LBRDK does have institutional investors; and they hold 73.88% of the stock.

As on 2024-06-30, VANGUARD GROUP INC was the top most holder in Liberty Broadband Corp (NASDAQ:LBRDK) with an ownership of 11.15 million shares of the company or 7.7961 of the stake worth $611.16 million. The filing also reveals UBS GROUP AG as the second largest holder in the company with a control over 5.811 of the outstanding shares. Its stake is worth $455.54 million for having 8.31 million shares in hand.

HARRIS ASSOCIATES L P also came holding a key position in the company during the recent quarter and it now holds 4.6882 of the outstanding shares. With this there are now 523.0 institutions which have possession in LBRDK’s shares.

Key Metrics for LBRDK

The liquidity is a key characteristic of any stock and is the main point of focus of both short-term as well as long term investors before start trading into a stock. In recently reported quarter, Liberty Broadband Corp has a debt to equity ratio of 0.20.

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