Insider Selling: Liberty Broadband Co. (NASDAQ:LBRDA) CEO Sells 125,000 Shares of Stock

Liberty Broadband Co. (NASDAQ:LBRDA) CEO Gregory B. Maffei sold 125,000 shares of Liberty Broadband stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total value of $9,967,500.00. Following the transaction, the chief executive officer now directly owns 1,435,256 shares in the company, valued at approximately $114,447,313.44. This trade represents a 8.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Liberty Broadband Stock Down 0.6 %

NASDAQ LBRDA traded down $0.44 during trading on Thursday, reaching $76.68. The company’s stock had a trading volume of 153,043 shares, compared to its average volume of 163,102. The business 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 1-year low of $47.17 and a 1-year high of $100.44. The stock has a market capitalization of $10.95 billion, a PE ratio of 14.12 and a beta of 1.05. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40.

Liberty Broadband (NASDAQ:LBRDA) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.66). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The business had revenue of $262.00 million during the quarter, compared to the consensus estimate of $242.40 million. During the same quarter in the prior year, the company posted $1.10 earnings per share.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. FMR LLC boosted its holdings in Liberty Broadband by 1.0% during the third quarter. FMR LLC now owns 2,761,528 shares of the company’s stock valued at $212,141,000 after acquiring an additional 26,241 shares during the period. Seizert Capital Partners LLC lifted its position in shares of Liberty Broadband by 3.3% during the 3rd quarter. Seizert Capital Partners LLC now owns 394,418 shares of the company’s stock worth $30,299,000 after purchasing an additional 12,515 shares during the last quarter. Private Management Group Inc. boosted its stake in Liberty Broadband by 29.8% during the 2nd quarter. Private Management Group Inc. now owns 388,923 shares of the company’s stock valued at $21,235,000 after purchasing an additional 89,317 shares during the period. Dimensional Fund Advisors LP grew its holdings in Liberty Broadband by 38.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 376,293 shares of the company’s stock valued at $20,544,000 after buying an additional 104,268 shares during the last quarter. Finally, Long Focus Capital Management LLC increased its position in Liberty Broadband by 61.9% in the 2nd quarter. Long Focus Capital Management LLC now owns 370,100 shares of the company’s stock worth $20,207,000 after buying an additional 141,500 shares during the period. 10.29% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on LBRDA. Rosenblatt Securities lowered shares of Liberty Broadband from a “buy” rating to a “neutral” rating and upped their price objective for the company from $91.00 to $92.00 in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and set a $95.00 price objective (up from $90.00) on shares of Liberty Broadband in a report on Friday, November 15th.

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. 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.