Liberty Broadband Co. (NASDAQ:LBRDA - Get Free Report) CEO Gregory B. Maffei sold 125,000 shares of the company's stock in a transaction that occurred on Wednesday, December 18th. The shares were 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 $114,447,313.44. The trade was a 8.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link.
Liberty Broadband Stock Performance
Shares of LBRDA stock opened at $76.68 on Friday. The firm has a market capitalization of $10.95 billion, a price-to-earnings ratio of 14.12 and a beta of 1.05. The company has a 50 day moving average price of $84.51 and a 200 day moving average price of $68.75. Liberty Broadband Co. has a one year low of $47.17 and a one year high of $100.44. 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:LBRDA - Get Free Report) last issued its earnings results on Thursday, November 7th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.66). 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 during the quarter, compared to analysts' expectations of $242.40 million. During the same period last year, the business posted $1.10 earnings per share.
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A number of large investors have recently modified their holdings of the company. Signaturefd LLC increased its position in Liberty Broadband by 9.1% during the 3rd quarter. Signaturefd LLC now owns 2,119 shares of the company's stock worth $163,000 after purchasing an additional 177 shares in the last quarter. Bfsg LLC increased its position in shares of Liberty Broadband by 11.1% in the second quarter. Bfsg LLC now owns 3,340 shares of the company's stock worth $182,000 after acquiring an additional 335 shares in the last quarter. Franklin Resources Inc. purchased a new position in shares of Liberty Broadband in the 3rd quarter valued at $30,000. GAMMA Investing LLC lifted its holdings in shares of Liberty Broadband by 161.8% during the 3rd quarter. GAMMA Investing LLC now owns 631 shares of the company's stock valued at $48,000 after acquiring an additional 390 shares in the last quarter. Finally, American National Bank & Trust acquired a new position in shares of Liberty Broadband during the 3rd quarter valued at $32,000. 10.29% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts have weighed in on the company. Rosenblatt Securities downgraded Liberty Broadband from a "buy" rating to a "neutral" rating and boosted their price target for the company from $91.00 to $92.00 in a report on Thursday, November 14th. Deutsche Bank Aktiengesellschaft reiterated a "hold" rating and set a $95.00 target price (up from $90.00) on shares of Liberty Broadband in a research report on Friday, November 15th.
Check Out Our Latest Report on Liberty Broadband
About Liberty Broadband
(
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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.
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