Bfsg LLC Sells 359 Shares of Liberty Broadband Co. (NASDAQ:LBRDA)

Bfsg LLC trimmed its position in Liberty Broadband Co. (NASDAQ:LBRDA) by 17.9% in the 4th quarter, Holdings Channel reports. The firm owned 1,647 shares of the company’s stock after selling 359 shares during the quarter. Bfsg LLC’s holdings in Liberty Broadband were worth $122,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Franklin Resources Inc. bought a new stake in shares of Liberty Broadband during the 3rd quarter worth $30,000. Paloma Partners Management Co purchased a new stake in Liberty Broadband during the third quarter valued at about $54,000. Glenmede Trust Co. NA grew its stake in shares of Liberty Broadband by 116.6% during the third quarter. Glenmede Trust Co. NA now owns 990 shares of the company’s stock valued at $76,000 after buying an additional 533 shares during the last quarter. DekaBank Deutsche Girozentrale bought a new stake in shares of Liberty Broadband in the 3rd quarter valued at about $79,000. Finally, Signaturefd LLC boosted its holdings in Liberty Broadband by 9.1% during the 3rd quarter. Signaturefd LLC now owns 2,119 shares of the company’s stock valued at $163,000 after acquiring an additional 177 shares during the period. Institutional investors own 10.29% of the company’s stock.

Liberty Broadband Price Performance

Shares of LBRDA stock opened at $80.53 on Thursday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The firm has a market cap of $11.50 billion, a P/E ratio of 14.83 and a beta of 1.07. The business’s 50 day moving average price is $77.14 and its 200-day moving average price is $75.52. Liberty Broadband Co. has a fifty-two week low of $47.17 and a fifty-two week high of $100.44.

Analyst Ratings Changes

Several brokerages have recently issued reports on LBRDA. Deutsche Bank Aktiengesellschaft restated a “hold” rating and issued a $95.00 target price (up previously from $90.00) on shares of Liberty Broadband in a report on Friday, November 15th. Rosenblatt Securities cut shares of Liberty Broadband from a “buy” rating to a “neutral” rating and boosted their price objective for the company from $91.00 to $92.00 in a research report on Thursday, November 14th.

Insiders Place Their Bets

In other Liberty Broadband news, CEO Gregory B. Maffei sold 125,000 shares of the firm’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $79.74, for a total transaction of $9,967,500.00. Following the completion of the transaction, the chief executive officer now owns 1,435,256 shares of the company’s stock, valued at approximately $114,447,313.44. This trade represents a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 14.19% of the company’s stock.

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.