Short Interest in Liberty Broadband Corp Series C (NASDAQ:LBRDK) Grows By 32.6%

Liberty Broadband Corp Series C (NASDAQ:LBRDK) was the target of a significant increase in short interest in May. As of May 31st, there was short interest totalling 5,810,000 shares, an increase of 32.6% from the April 30th total of 4,380,000 shares. Approximately 5.5% of the shares of the company are short sold. Based on an average daily volume of 544,300 shares, the days-to-cover ratio is currently 10.7 days.

Large investors have recently added to or reduced their stakes in the business. Raymond James & Associates grew its stake in shares of Liberty Broadband Corp Series C by 14.4% in the 1st quarter. Raymond James & Associates now owns 314,962 shares of the company’s stock valued at $28,895,000 after buying an additional 39,721 shares in the last quarter. Brown Advisory Inc. grew its stake in shares of Liberty Broadband Corp Series C by 6.7% in the 4th quarter. Brown Advisory Inc. now owns 44,263 shares of the company’s stock valued at $3,187,000 after buying an additional 2,778 shares in the last quarter. Equitable Trust Co. grew its stake in shares of Liberty Broadband Corp Series C by 2.0% in the 4th quarter. Equitable Trust Co. now owns 12,550 shares of the company’s stock valued at $904,000 after buying an additional 250 shares in the last quarter. Great West Life Assurance Co. Can grew its stake in shares of Liberty Broadband Corp Series C by 0.4% in the 1st quarter. Great West Life Assurance Co. Can now owns 49,515 shares of the company’s stock valued at $4,528,000 after buying an additional 192 shares in the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp grew its stake in shares of Liberty Broadband Corp Series C by 9.8% in the 4th quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 36,201 shares of the company’s stock valued at $2,608,000 after buying an additional 3,242 shares in the last quarter. 56.33% of the stock is currently owned by institutional investors.

A number of equities research analysts recently weighed in on LBRDK shares. ValuEngine upgraded shares of VESTAS WIND SYS/ADR from a “hold” rating to a “buy” rating in a research note on Thursday, May 9th. BidaskClub cut shares of Amyris from a “hold” rating to a “sell” rating in a research report on Thursday, June 27th. Zacks Investment Research cut shares of HEXO from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th. Finally, TheStreet upgraded shares of White Mountains Insurance Group from a “c” rating to a “b” rating in a research report on Monday, May 13th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Liberty Broadband Corp Series C has a consensus rating of “Buy” and a consensus price target of $110.00.

LBRDK traded up $0.61 during trading on Wednesday, reaching $107.20. The company had a trading volume of 576,994 shares, compared to its average volume of 540,408. The company has a 50-day moving average of $102.07. The firm has a market capitalization of $19.35 billion, a P/E ratio of 282.11 and a beta of 1.29. Liberty Broadband Corp Series C has a 12-month low of $68.47 and a 12-month high of $107.58. The company has a current ratio of 12.76, a quick ratio of 12.76 and a debt-to-equity ratio of 0.05.

Liberty Broadband Corp Series C (NASDAQ:LBRDK) last issued its quarterly earnings results on Thursday, May 2nd. The company reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.32 by ($0.40). Liberty Broadband Corp Series C had a return on equity of 0.67% and a net margin of 507.95%. The company had revenue of $3.46 million during the quarter. Analysts anticipate that Liberty Broadband Corp Series C will post 1.7 earnings per share for the current fiscal year.

About Liberty Broadband Corp Series C

Liberty Broadband Corporation, a cable operator, provides video, Internet, and voice services to residential, and small and medium business customers in the United States. The company operates through Skyhook and Charter segments. The Skyhook segment offers Precision Location Solution, a location determination service for mobile device makers, wireless carriers, and asset tracking platforms to understand the precise geographic location and movement of mobile devices, as well as for enhancing the location determination capabilities of a hybrid location system.

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