Liberty Broadband Co. (NASDAQ:LBRDK) CAO Brian J. Wendling Sells 2,208 Shares

Liberty Broadband Co. (NASDAQ:LBRDK) CAO Brian J. Wendling sold 2,208 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $75.84, for a total transaction of $167,454.72. Following the completion of the transaction, the chief accounting officer now directly owns 11,054 shares in the company, valued at approximately $838,335.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Liberty Broadband Stock Performance

Shares of NASDAQ:LBRDK opened at $78.14 on Friday. The firm has a fifty day simple moving average of $63.31 and a two-hundred day simple moving average of $56.56. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week high of $95.53. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $11.16 billion, a P/E ratio of 13.27 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings results on Thursday, August 8th. The company reported $1.36 EPS for the quarter, missing the consensus estimate of $2.51 by ($1.15). The company had revenue of $246.00 million during the quarter, compared to analysts’ expectations of $244.25 million. 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 business posted $1.71 EPS. On average, analysts expect that Liberty Broadband Co. will post 9.05 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. Rosenblatt Securities increased their price objective on shares of Liberty Broadband from $80.00 to $91.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Morgan Stanley raised their price target on Liberty Broadband from $62.00 to $69.00 and gave the company an “equal weight” rating in a report on Friday, July 19th.

Institutional Trading of Liberty Broadband

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Point72 Asset Management L.P. grew its holdings in Liberty Broadband by 39.5% during the 2nd quarter. Point72 Asset Management L.P. now owns 190,369 shares of the company’s stock valued at $10,436,000 after purchasing an additional 53,869 shares during the last quarter. Algert Global LLC grew its stake in shares of Liberty Broadband by 1,164.5% during the second quarter. Algert Global LLC now owns 76,502 shares of the company’s stock valued at $4,194,000 after buying an additional 70,452 shares during the last quarter. Logan Stone Capital LLC raised its holdings in shares of Liberty Broadband by 1,134.1% in the second quarter. Logan Stone Capital LLC now owns 126,443 shares of the company’s stock worth $6,932,000 after buying an additional 116,197 shares during the period. Millennium Management LLC lifted its stake in shares of Liberty Broadband by 67.4% during the 2nd quarter. Millennium Management LLC now owns 1,032,186 shares of the company’s stock worth $56,584,000 after acquiring an additional 415,619 shares during the last quarter. Finally, Dark Forest Capital Management LP boosted its holdings in Liberty Broadband by 30.1% during the 2nd quarter. Dark Forest Capital Management LP now owns 108,902 shares of the company’s stock valued at $5,970,000 after acquiring an additional 25,216 shares during the period. Hedge funds and other institutional investors 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.