Gregory B. Maffei Sells 125,000 Shares of Liberty Broadband Co. (NASDAQ:LBRDK) Stock

Liberty Broadband Co. (NASDAQ:LBRDK) CEO Gregory B. Maffei sold 125,000 shares of the business’s stock in a transaction on 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 completion of the sale, the chief executive officer now owns 1,435,256 shares of the company’s stock, valued at $114,447,313.44. This trade represents a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Liberty Broadband Stock Up 0.1 %

Shares of LBRDK opened at $77.50 on Friday. 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 Co. has a 12 month low of $46.46 and a 12 month high of $101.50. The firm’s 50 day moving average is $85.13 and its 200-day moving average is $69.56. The stock has a market capitalization of $11.07 billion, a PE ratio of 14.27 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $2.68 by ($1.69). The company had revenue of $262.00 million during the quarter, compared to analyst estimates of $237.41 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. During the same period in the prior year, the firm earned $1.10 earnings per share. Equities research analysts forecast that Liberty Broadband Co. will post 6.72 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of LBRDK. GAM Holding AG increased its holdings in Liberty Broadband by 87.4% in the 2nd quarter. GAM Holding AG now owns 15,000 shares of the company’s stock valued at $822,000 after buying an additional 6,997 shares during the period. Whittier Trust Co. increased its stake in Liberty Broadband by 71.0% in the second quarter. Whittier Trust Co. now owns 6,300 shares of the company’s stock valued at $345,000 after acquiring an additional 2,615 shares during the last quarter. Innealta Capital LLC acquired a new position in Liberty Broadband during the second quarter valued at approximately $153,000. Commonwealth Equity Services LLC bought a new stake in Liberty Broadband during the second quarter worth $602,000. Finally, Natixis Advisors LLC boosted its holdings in shares of Liberty Broadband by 147.6% in the 2nd quarter. Natixis Advisors LLC now owns 425,921 shares of the company’s stock valued at $23,349,000 after purchasing an additional 253,884 shares in the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Liberty Broadband in a research report on Sunday, December 15th. They issued a “sell” rating for the company.

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.