Headlands Technologies LLC Sells 394 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Headlands Technologies LLC reduced its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 4.7% in the 4th quarter, Holdings Channel.com reports. The fund owned 7,916 shares of the company’s stock after selling 394 shares during the period. Headlands Technologies LLC’s holdings in Liberty Broadband were worth $638,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. CWM LLC grew its stake in shares of Liberty Broadband by 6.1% in the third quarter. CWM LLC now owns 1,957 shares of the company’s stock valued at $179,000 after buying an additional 112 shares in the last quarter. Wahed Invest LLC grew its stake in shares of Liberty Broadband by 9.4% in the third quarter. Wahed Invest LLC now owns 1,835 shares of the company’s stock valued at $168,000 after buying an additional 157 shares in the last quarter. Resonant Capital Advisors LLC lifted its holdings in Liberty Broadband by 3.4% during the 3rd quarter. Resonant Capital Advisors LLC now owns 5,254 shares of the company’s stock valued at $480,000 after purchasing an additional 174 shares during the last quarter. Daiwa Securities Group Inc. lifted its holdings in Liberty Broadband by 2.8% during the 3rd quarter. Daiwa Securities Group Inc. now owns 7,245 shares of the company’s stock valued at $662,000 after purchasing an additional 200 shares during the last quarter. Finally, Treasurer of the State of North Carolina lifted its holdings in Liberty Broadband by 0.4% during the 3rd quarter. Treasurer of the State of North Carolina now owns 52,654 shares of the company’s stock valued at $4,808,000 after purchasing an additional 230 shares during the last quarter. 80.22% of the stock is owned by institutional investors.

Insider Activity at Liberty Broadband

In related news, Director J David Wargo sold 15,000 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $51.98, for a total value of $779,700.00. Following the completion of the transaction, the director now owns 72,332 shares of the company’s stock, valued at $3,759,817.36. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 45,000 shares of company stock valued at $2,435,830 over the last quarter. 10.80% of the stock is owned by corporate insiders.

Liberty Broadband Stock Performance

Shares of LBRDK traded down $0.14 during midday trading on Friday, reaching $49.25. 2,276,941 shares of the stock were exchanged, compared to its average volume of 1,054,720. Liberty Broadband Co. has a twelve month low of $46.46 and a twelve month high of $95.68. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.42. The company has a market cap of $7.04 billion, a P/E ratio of 10.55 and a beta of 0.95. The stock’s 50 day simple moving average is $55.23 and its 200 day simple moving average is $71.05.

Liberty Broadband (NASDAQ:LBRDK) last posted its earnings results on Friday, February 16th. The company reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $2.62 by ($1.23). The firm had revenue of $250.00 million for the quarter, compared to analyst estimates of $227.82 million. Liberty Broadband had a return on equity of 7.76% and a net margin of 70.13%. On average, sell-side analysts expect that Liberty Broadband Co. will post 10.14 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Citigroup cut their price target on Liberty Broadband from $108.00 to $83.00 and set a “buy” rating for the company in a report on Wednesday, February 7th.

Liberty Broadband Profile

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.