Set Your Sights On Liberty Broadband Corporation (NASDAQ: LBRDK)’S Upside Potential

Aristeia Capital LLC has recently announced that it has increased stake in Liberty Broadband Corporation (NASDAQ:LBRDK) by 8.87%. After grabbing 6.55 million shares, the institutional investor is now in possession of 0.53 million shares of the Communication Services Company. The new investment brought the stake of investor firm to 5.20% having worth around $567.72 million. Moreover, Harris Associates LP increased its share by 3.18 million to have a control over 5.95 million shares. And JPMorgan Investment Management, I raised its holdings to 0.58 million shares by acquiring 3.35 million shares or 2.66% of the stake.

Liberty Broadband Corporation (LBRDK) concluded trading on 03/23/23 at a closing price of $78.12, with 0.75 million shares of worth about $58.65 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -10.11% during that period and on Thursday the price saw a gain of about 0.55%. Currently the company’s common shares owned by public are about 126.00M shares, out of which, 116.28M shares are available for trading.

A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 5 analysts are covering the LBRDK stock and their offered price forecasts bring an average price target of $136.00. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $152.00 and could fall to a lowest price of $120.00. The stock’s current price level is 36.36% above of average price target set by the analysts, while a rise to estimated low would result in gain of 34.9% for the stock. However, touching the estimated high of $152.00 would mean a gain of 48.61% for the stock.

According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 12 times over the past 12 months. They bought 284,452 shares in 7 of the transactions. In 5 selling transactions, insiders dumped 276,133 shares.

Vanguard Total Stock Market Index, Vanguard Mid Cap Index Fund, and Oakmark Fund are the top 3 mutual funds which are holding stakes in Liberty Broadband Corporation Vanguard Total Stock Market Index is currently holding 3.71 million shares of worth totaling $321.64 million. The company recently came buying 11269.0 shares which brought its stake up to 2.95% of the company’s outstanding shares. Vanguard Mid Cap Index Fund bought 2938.0 shares, after which its hold over company’s outstanding shares expand to 2.24%, leaving 2.82 million shares with the mutual fund that have a worth of about $244.42 million. Oakmark Fund, after buying 2.02 million shares, have now control over 1.60% of the stake in the company. It holds 1.2 million shares of worth $174.98 million.

Liberty Broadband Corporation (NASDAQ: LBRDK) started trading at $78.09, above $0.4 from concluding price of the previous day. However, the stock later moved at a day high price of 79.61, or with a gain of 0.55%. Stock saw a price change of -1.79% in past 5 days and over the past one month there was a price change of -13.07%. Year-to-date (YTD), LBRDK shares are showing a performance of 2.43% which decreased to -45.09% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $68.67 but also hit the highest price of $142.51 during that period. The average intraday trading volume for Liberty Broadband Corporation shares is 872.06K. The stock is currently trading -5.39% below its 20-day simple moving average (SMA20), while that difference is down -10.97% for SMA50 and it goes to -16.86% lower than SMA200.

Aristeia Capital LLC acquired 6.55 million shares of Liberty Broadband Corporation having value of about $567.72 million. Data submitted at the U.S SEC by Aristeia Capital LLC revealed that the firm now holds 0.53 million shares in the company valued at close to $41702955.84, or have control over 8.87% stake in the company. Liberty Broadband Corporation (NASDAQ: LBRDK) currently have 126.00M outstanding shares and institutions hold larger chunk of about 96.34% of that. Holding of mutual funds in the company is about 34.31% while other institutional holders and individual stake holders have control over 62.47% and 11.28% of the stake respectively.

The stock has a current market capitalization of $11.42B. PE ratio of stock for trailing 12 months is 9.54, while it has posted earnings per share of $8.19 in the same period. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for LBRDK, volatility over the week remained 2.81% while standing at 3.09% over the month.

Analysts are in expectations that Liberty Broadband Corporation (LBRDK) stock would likely to be making an EPS of $1.84 in the current quarter, while forecast for next quarter EPS is $1.26 and it is $7.77 for next year. For the current quarter EPS, analysts have given the company a lowest target $1.71 which is $1.95 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $2.11 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -1.40% while it is estimated to increase by 56.20% in next year.

Analysts at 5 brokerage firms have issued recommendations for the Liberty Broadband Corporation (LBRDK)’s stock and average of those rates the stock at a “Strong Buy” and assign it a score of 1.70. Out of those 5 Wall Street analysts, 5 recommended a “Buy” rating, while 0 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.