Gregory B. Maffei Sells 125,000 Shares of Liberty Broadband Co. (NASDAQ:LBRDA) Stock

Liberty Broadband Co. (NASDAQ:LBRDA) 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 transaction, the chief executive officer now directly owns 1,435,256 shares in the company, valued at approximately $114,447,313.44. This represents a 8.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Liberty Broadband Stock Performance

LBRDA opened at $76.70 on Friday. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40. The stock’s 50 day moving average price is $84.48 and its two-hundred day moving average price is $68.91. The firm has a market capitalization of $10.96 billion, a P/E ratio of 14.13 and a beta of 1.05. Liberty Broadband Co. has a 12-month low of $47.17 and a 12-month high of $100.44.

Liberty Broadband (NASDAQ:LBRDA) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.66). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The business had revenue of $262.00 million during the quarter, compared to the consensus estimate of $242.40 million. During the same period in the prior year, the company posted $1.10 earnings per share.

Analyst Upgrades and Downgrades

LBRDA has been the topic of several analyst reports. Rosenblatt Securities downgraded Liberty Broadband from a “buy” rating to a “neutral” rating and increased their price target for the company from $91.00 to $92.00 in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $95.00 target price (up from $90.00) on shares of Liberty Broadband in a research note on Friday, November 15th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Signaturefd LLC increased its position in shares of Liberty Broadband by 9.1% during the third quarter. Signaturefd LLC now owns 2,119 shares of the company’s stock valued at $163,000 after purchasing an additional 177 shares during the period. Bfsg LLC increased its holdings in Liberty Broadband by 11.1% in the 2nd quarter. Bfsg LLC now owns 3,340 shares of the company’s stock valued at $182,000 after buying an additional 335 shares during the period. Franklin Resources Inc. acquired a new position in shares of Liberty Broadband in the 3rd quarter valued at $30,000. GAMMA Investing LLC lifted its holdings in shares of Liberty Broadband by 161.8% during the 3rd quarter. GAMMA Investing LLC now owns 631 shares of the company’s stock worth $48,000 after acquiring an additional 390 shares during the period. Finally, American National Bank & Trust acquired a new stake in shares of Liberty Broadband during the 3rd quarter valued at about $32,000. Institutional investors own 10.29% of the company’s stock.

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.