Liberty Broadband Co. (NASDAQ:LBRDA) CEO Gregory B. Maffei Sells 71,500 Shares of Stock

Liberty Broadband Co. (NASDAQ:LBRDA) CEO Gregory B. Maffei sold 71,500 shares of the firm’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $82.00, for a total transaction of $5,863,000.00. Following the sale, the chief executive officer now directly owns 2,827,013 shares of the company’s stock, valued at $231,815,066. The trade was a 2.47 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

Liberty Broadband Stock Down 3.1 %

Shares of LBRDA stock opened at $77.12 on Thursday. The firm has a market cap of $11.02 billion, a PE ratio of 14.20 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. The stock has a 50 day moving average of $84.56 and a 200-day moving average of $68.70. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.40.

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

Analysts Set New Price Targets

LBRDA has been the subject of several recent research reports. Rosenblatt Securities lowered shares of Liberty Broadband from a “buy” rating to a “neutral” rating and upped their price target for the stock from $91.00 to $92.00 in a research report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set 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

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Franklin Resources Inc. bought a new stake in shares of Liberty Broadband during the 3rd quarter worth about $30,000. American National Bank & Trust bought a new stake in Liberty Broadband during the 3rd quarter worth approximately $32,000. GAMMA Investing LLC lifted its holdings in 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 buying an additional 390 shares during the period. Paloma Partners Management Co acquired a new stake in Liberty Broadband during the 3rd quarter valued at approximately $54,000. Finally, Glenmede Trust Co. NA raised its stake in Liberty Broadband by 116.6% during the third quarter. Glenmede Trust Co. NA now owns 990 shares of the company’s stock worth $76,000 after buying an additional 533 shares during the last quarter. 10.29% of the stock is owned by institutional investors and hedge funds.

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.