Insider Selling: Liberty Broadband Co. (NASDAQ:LBRDK) CAO Sells 2,208 Shares of Stock

Liberty Broadband Co. (NASDAQ:LBRDK) CAO Brian J. Wendling sold 2,208 shares of the stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $75.84, for a total value of $167,454.72. Following the completion of the sale, the chief accounting officer now directly owns 11,054 shares of the company’s stock, valued at approximately $838,335.36. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Liberty Broadband Trading Up 3.6 %

Shares of Liberty Broadband stock traded up $2.68 during trading hours on Friday, hitting $78.14. The company’s stock had a trading volume of 1,411,055 shares, compared to its average volume of 1,177,926. The firm has a fifty day moving average of $62.88 and a 200-day moving average of $56.44. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.68 and a current ratio of 1.68. The stock has a market cap of $11.16 billion, a price-to-earnings ratio of 12.81 and a beta of 1.02. Liberty Broadband Co. has a twelve month low of $46.46 and a twelve month high of $95.53.

Liberty Broadband (NASDAQ:LBRDK) last announced its earnings results on Thursday, August 8th. The company reported $1.36 earnings per share for the quarter, missing the consensus estimate of $2.51 by ($1.15). The company had revenue of $246.00 million for the quarter, compared to analysts’ expectations of $244.25 million. Liberty Broadband had a return on equity of 8.79% and a net margin of 81.86%. During the same period last year, the business earned $1.71 EPS. Research analysts forecast that Liberty Broadband Co. will post 9.05 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on LBRDK. Rosenblatt Securities raised their target price on Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a research note on Wednesday, August 14th. Morgan Stanley raised their price objective on shares of Liberty Broadband from $62.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Friday, July 19th.

Institutional Trading of Liberty Broadband

Several institutional investors have recently added to or reduced their stakes in the stock. FORA Capital LLC purchased a new stake in Liberty Broadband during the first quarter worth about $1,855,000. Mango Investments LLC purchased a new position in Liberty Broadband in the 4th quarter valued at approximately $49,570,000. Qsemble Capital Management LP acquired a new position in shares of Liberty Broadband in the first quarter worth $1,308,000. SG Americas Securities LLC increased its position in shares of Liberty Broadband by 1,551.1% during the first quarter. SG Americas Securities LLC now owns 66,970 shares of the company’s stock worth $3,833,000 after acquiring an additional 62,914 shares during the period. Finally, Bridgewater Associates LP raised its stake in shares of Liberty Broadband by 23.4% in the fourth quarter. Bridgewater Associates LP now owns 265,860 shares of the company’s stock valued at $21,426,000 after acquiring an additional 50,361 shares in the last quarter. Institutional investors and hedge funds own 80.22% 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.