Liberty Broadband Co. (NASDAQ:LBRDA) CEO Sells $9,967,500.00 in Stock

Liberty Broadband Co. (NASDAQ:LBRDA) CEO Gregory B. Maffei sold 125,000 shares of the company’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 in the company, valued at $114,447,313.44. This trade represents a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Liberty Broadband Stock Performance

Shares of NASDAQ:LBRDA opened at $76.70 on Friday. The business has a fifty day moving average of $84.48 and a 200-day moving average of $68.91. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. Liberty Broadband Co. has a twelve month low of $47.17 and a twelve month high of $100.44. The firm has a market cap of $10.96 billion, a PE ratio of 14.13 and a beta of 1.05.

Liberty Broadband (NASDAQ:LBRDA) last posted its quarterly earnings data on Thursday, November 7th. The company reported $0.99 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.66). 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 analyst estimates of $242.40 million. During the same quarter in the previous year, the business posted $1.10 EPS.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Franklin Resources Inc. bought a new stake in Liberty Broadband during the 3rd quarter worth about $30,000. American National Bank & Trust bought a new stake in shares of Liberty Broadband during the third quarter worth approximately $32,000. GAMMA Investing LLC raised its stake in shares of Liberty Broadband by 161.8% during the third quarter. GAMMA Investing LLC now owns 631 shares of the company’s stock worth $48,000 after buying an additional 390 shares during the last quarter. Paloma Partners Management Co acquired a new position in Liberty Broadband in the third quarter valued at approximately $54,000. Finally, Glenmede Trust Co. NA boosted its stake in Liberty Broadband by 116.6% in the third quarter. Glenmede Trust Co. NA now owns 990 shares of the company’s stock valued at $76,000 after acquiring an additional 533 shares during the last quarter. Institutional investors own 10.29% of the company’s stock.

Analyst Upgrades and Downgrades

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

Liberty Broadband Company 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. 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.