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 completion of the sale, the chief executive officer now directly owns 1,435,256 shares of the company’s stock, valued at approximately $114,447,313.44. The trade was a 8.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Liberty Broadband Trading Down 0.5 %

Liberty Broadband stock traded down $0.38 during trading hours on Thursday, hitting $77.42. The company had a trading volume of 674,255 shares, compared to its average volume of 1,191,348. The company has a 50-day moving average price of $85.16 and a two-hundred day moving average price of $69.40. The firm has a market cap of $11.06 billion, a P/E ratio of 14.26 and a beta of 1.02. Liberty Broadband Co. has a 1 year low of $46.46 and a 1 year 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.

Liberty Broadband (NASDAQ:LBRDK) last posted its earnings results on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $2.68 by ($1.69). The business had revenue of $262.00 million for the quarter, compared to analysts’ expectations of $237.41 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. During the same period last year, the business posted $1.10 EPS. On average, sell-side analysts anticipate that Liberty Broadband Co. will post 6.72 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on Liberty Broadband in a research note on Sunday. They set a “sell” rating for the company.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in LBRDK. Barclays PLC boosted its position in Liberty Broadband by 6.4% during the third quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock valued at $533,251,000 after purchasing an additional 415,496 shares in the last quarter. Whitebox Advisors LLC boosted its holdings in shares of Liberty Broadband by 29.5% in the 2nd quarter. Whitebox Advisors LLC now owns 2,978,107 shares of the company’s stock valued at $163,260,000 after buying an additional 677,785 shares in the last quarter. Assenagon Asset Management S.A. grew its position in shares of Liberty Broadband by 107.5% in the 3rd quarter. Assenagon Asset Management S.A. now owns 2,899,318 shares of the company’s stock worth $224,088,000 after buying an additional 1,502,249 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Liberty Broadband by 19.1% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,062,256 shares of the company’s stock worth $113,045,000 after acquiring an additional 330,159 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Liberty Broadband by 1.6% during the third quarter. Geode Capital Management LLC now owns 2,014,571 shares of the company’s stock valued at $155,736,000 after acquiring an additional 31,484 shares during the last quarter. 80.22% of the stock is owned by institutional investors.

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.