Liberty Broadband Co. (NASDAQ:LBRDK - Get Free Report) CEO Gregory B. Maffei sold 125,000 shares of the business's stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $79.74, for a total value of $9,967,500.00. Following the sale, the chief executive officer now owns 1,435,256 shares in the company, valued at approximately $114,447,313.44. This trade represents a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
Liberty Broadband Stock Down 0.5 %
Shares of NASDAQ:LBRDK opened at $77.42 on Friday. The business has a fifty day simple moving average of $85.16 and a 200 day simple moving average of $69.40. Liberty Broadband Co. has a 12-month low of $46.46 and a 12-month high of $101.50. The firm has a market cap of $11.06 billion, a P/E ratio of 14.26 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 (NASDAQ:LBRDK - Get Free Report) last announced its earnings results on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing the consensus estimate of $2.68 by ($1.69). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The company had revenue of $262.00 million during the quarter, compared to the consensus estimate of $237.41 million. During the same quarter in the previous year, the company earned $1.10 earnings per share. Analysts predict that Liberty Broadband Co. will post 6.72 earnings per share for the current year.
Institutional Investors Weigh In On Liberty Broadband
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Large investors have recently modified their holdings of the company. Barclays PLC boosted its holdings in shares of Liberty Broadband by 6.4% during the 3rd quarter. Barclays PLC now owns 6,899,331 shares of the company's stock worth $533,251,000 after buying an additional 415,496 shares in the last quarter. Hi Line Capital Management LLC lifted its position in shares of Liberty Broadband by 498.4% during the 3rd quarter. Hi Line Capital Management LLC now owns 141,056 shares of the company's stock valued at $10,902,000 after acquiring an additional 117,483 shares during the period. Bank of Montreal Can boosted its stake in Liberty Broadband by 172.6% during the second quarter. Bank of Montreal Can now owns 258,212 shares of the company's stock worth $14,173,000 after acquiring an additional 163,502 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Liberty Broadband in the third quarter worth $861,000. Finally, Commonwealth Equity Services LLC bought a new stake in Liberty Broadband in the second quarter valued at $602,000. 80.22% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Separately, StockNews.com assumed coverage on shares of Liberty Broadband in a research report on Sunday, December 15th. They set a "sell" rating on the stock.
Get Our Latest Analysis on Liberty Broadband
Liberty Broadband Company Profile
(
Get Free Report)
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.
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