Liberty Broadband Co. (NASDAQ:LBRDK) CEO Gregory B. Maffei Sells 125,000 Shares

Liberty Broadband Co. (NASDAQ:LBRDK) CEO Gregory B. Maffei sold 125,000 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $79.74, for a total transaction 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Liberty Broadband Stock Performance

NASDAQ:LBRDK opened at $77.42 on Friday. The company has a market cap of $11.06 billion, a price-to-earnings ratio of 14.26 and a beta of 1.02. Liberty Broadband Co. has a fifty-two week low of $46.46 and a fifty-two week high of $101.50. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a fifty day moving average price of $85.16 and a 200-day moving average price of $69.40.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly earnings results on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.68 by ($1.69). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The firm had revenue of $262.00 million for the quarter, compared to analyst estimates of $237.41 million. During the same quarter in the prior year, the business posted $1.10 EPS. As a group, equities analysts anticipate that Liberty Broadband Co. will post 6.72 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on shares of Liberty Broadband in a research report on Sunday, December 15th. They set a “sell” rating on the stock.

Hedge Funds Weigh In On Liberty Broadband

Hedge funds and other institutional investors have recently modified their holdings of the business. Groupama Asset Managment bought a new stake in shares of Liberty Broadband during the 3rd quarter worth $25,000. Quarry LP bought a new position in shares of Liberty Broadband in the third quarter worth about $28,000. GAMMA Investing LLC boosted its stake in shares of Liberty Broadband by 200.7% in the 3rd quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock valued at $33,000 after purchasing an additional 283 shares in the last quarter. Capital Advisors Ltd. LLC grew its holdings in shares of Liberty Broadband by 75.8% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock valued at $34,000 after purchasing an additional 191 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in Liberty Broadband in the third quarter valued at approximately $82,000. Institutional investors own 80.22% 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.