Insider Selling: Liberty Broadband Co. (NASDAQ:LBRDA) Insider Sells $338,624.88 in Stock

Liberty Broadband Co. (NASDAQ:LBRDA) insider Renee L. Wilm sold 4,423 shares of the company’s stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $76.56, for a total value of $338,624.88. Following the transaction, the insider now directly owns 3,670 shares in the company, valued at $280,975.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Liberty Broadband Stock Up 3.4 %

Shares of LBRDA stock opened at $77.74 on Friday. Liberty Broadband Co. has a fifty-two week low of $47.17 and a fifty-two week high of $95.08. 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 firm has a market capitalization of $11.11 billion, a PE ratio of 13.20 and a beta of 1.04. The stock’s 50-day simple moving average is $62.30 and its 200-day simple moving average is $56.23.

Liberty Broadband (NASDAQ:LBRDA) last released its quarterly earnings data on Thursday, August 8th. The company reported $1.36 earnings per share for the quarter, missing analysts’ consensus estimates of $3.12 by ($1.76). The business had revenue of $246.00 million during the quarter. Liberty Broadband had a return on equity of 8.79% and a net margin of 81.86%. During the same quarter in the prior year, the firm earned $1.71 EPS.

Wall Street Analyst Weigh In

LBRDA has been the topic of several recent analyst reports. Evercore ISI reduced their target price on Liberty Broadband from $106.00 to $72.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 2nd. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Liberty Broadband from $104.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, August 16th. Finally, Citigroup downgraded shares of Liberty Broadband from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $67.00 to $57.00 in a research report on Wednesday, July 3rd.

Institutional Trading of Liberty Broadband

Several hedge funds and other institutional investors have recently bought and sold shares of LBRDA. Private Management Group Inc. boosted its position in Liberty Broadband by 212,386.5% during the first quarter. Private Management Group Inc. now owns 299,606 shares of the company’s stock worth $17,113,000 after purchasing an additional 299,465 shares in the last quarter. Norges Bank acquired a new position in shares of Liberty Broadband during the 4th quarter worth approximately $17,239,000. Long Focus Capital Management LLC raised its stake in shares of Liberty Broadband by 61.9% during the 2nd quarter. Long Focus Capital Management LLC now owns 370,100 shares of the company’s stock worth $20,207,000 after buying an additional 141,500 shares during the period. Dimensional Fund Advisors LP lifted its position in shares of Liberty Broadband by 38.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 376,293 shares of the company’s stock valued at $20,544,000 after buying an additional 104,268 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake in Liberty Broadband by 279.6% in the 1st quarter. BNP Paribas Financial Markets now owns 111,680 shares of the company’s stock valued at $6,379,000 after acquiring an additional 82,261 shares during the period. 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.