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

Liberty Broadband Co. (NASDAQ:LBRDK) CEO Gregory B. Maffei sold 71,500 shares of Liberty Broadband stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $82.00, for a total value of $5,863,000.00. Following the transaction, the chief executive officer now directly owns 2,827,013 shares in the company, valued at approximately $231,815,066. The trade was a 2.47 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Liberty Broadband Stock Performance

LBRDK opened at $77.80 on Thursday. The business has a fifty day simple moving average of $85.20 and a 200-day simple moving average of $69.35. The firm has a market cap of $11.11 billion, a PE ratio of 14.33 and a beta of 1.02. 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 Co. has a fifty-two week low of $46.46 and a fifty-two week high of $101.50.

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

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Liberty Broadband

Large investors have recently made changes to their positions in the company. Barclays PLC raised 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 buying an additional 415,496 shares during the period. Whitebox Advisors LLC increased 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 purchasing an additional 677,785 shares during the period. Assenagon Asset Management S.A. lifted its position in shares of Liberty Broadband by 107.5% in the third quarter. Assenagon Asset Management S.A. now owns 2,899,318 shares of the company’s stock worth $224,088,000 after purchasing an additional 1,502,249 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Liberty Broadband by 19.1% during the second quarter. Dimensional Fund Advisors LP now owns 2,062,256 shares of the company’s stock worth $113,045,000 after purchasing an additional 330,159 shares during the period. Finally, Geode Capital Management LLC grew 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 purchasing an additional 31,484 shares in the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

About Liberty Broadband

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.