Proficio Capital Partners LLC Invests $4.39 Million in Liberty Broadband Co. (NASDAQ:LBRDA)

Proficio Capital Partners LLC bought a new stake in shares of Liberty Broadband Co. (NASDAQ:LBRDA) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 59,042 shares of the company’s stock, valued at approximately $4,390,000.

Several other institutional investors and hedge funds have also bought and sold shares of LBRDA. Wilmington Savings Fund Society FSB bought a new position in Liberty Broadband in the third quarter worth approximately $1,815,000. Verition Fund Management LLC bought a new position in shares of Liberty Broadband in the 3rd quarter worth $6,402,000. Baupost Group LLC MA acquired a new stake in Liberty Broadband in the 3rd quarter valued at $581,000. Barclays PLC increased its stake in Liberty Broadband by 244.6% during the 3rd quarter. Barclays PLC now owns 4,887 shares of the company’s stock valued at $375,000 after purchasing an additional 3,469 shares in the last quarter. Finally, Stifel Financial Corp acquired a new position in Liberty Broadband during the third quarter worth $1,235,000. 10.29% of the stock is owned by institutional investors.

Insider Activity at Liberty Broadband

In other news, CEO Gregory B. Maffei sold 125,000 shares of the stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total value of $9,967,500.00. Following the completion of the sale, the chief executive officer now owns 1,435,256 shares in the company, valued at $114,447,313.44. This represents a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 14.19% of the stock is owned by insiders.

Liberty Broadband Stock Up 0.7 %

Liberty Broadband stock opened at $81.65 on Tuesday. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The firm’s fifty day moving average price is $78.91 and its two-hundred day moving average price is $78.20. The firm has a market capitalization of $11.70 billion, a price-to-earnings ratio of 15.04 and a beta of 1.08. Liberty Broadband Co. has a 1-year low of $47.17 and a 1-year high of $100.44.

Liberty Broadband (NASDAQ:LBRDA) last released its quarterly earnings results on Thursday, February 27th. The company reported $2.04 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.73 by $0.31. The business had revenue of $263.00 million during the quarter, compared to the consensus estimate of $252.50 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%.

Liberty Broadband Company Profile

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.