Liberty Broadband Co. (NASDAQ:LBRDK) CEO Sells $5,863,000.00 in Stock

Liberty Broadband Co. (NASDAQ:LBRDK) CEO Gregory B. Maffei sold 71,500 shares of the firm’s stock in a transaction dated Monday, December 16th. The stock was sold at an average price of $82.00, for a total value of $5,863,000.00. Following the sale, the chief executive officer now directly owns 2,827,013 shares of the company’s stock, valued at $231,815,066. This trade represents a 2.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Liberty Broadband Trading Down 3.3 %

Liberty Broadband stock opened at $77.80 on Thursday. Liberty Broadband Co. has a one year low of $46.46 and a one year high of $101.50. The company’s fifty day moving average price is $85.20 and its two-hundred day moving average price is $69.35. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. The company has a market capitalization of $11.11 billion, a price-to-earnings ratio of 14.33 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK) last issued its quarterly earnings data on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $2.68 by ($1.69). 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 for the quarter, compared to analyst estimates of $237.41 million. During the same period in the prior year, the company posted $1.10 EPS. On average, analysts forecast that Liberty Broadband Co. will post 6.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Liberty Broadband in a report on Sunday. They issued a “sell” rating on the stock.

Hedge Funds Weigh In On Liberty Broadband

Institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company increased its stake in shares of Liberty Broadband by 0.5% in the third quarter. The Manufacturers Life Insurance Company now owns 27,186 shares of the company’s stock worth $2,101,000 after purchasing an additional 125 shares during the period. Capital Advisors Ltd. LLC raised its stake in Liberty Broadband by 75.8% during the 3rd quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock valued at $34,000 after purchasing an additional 191 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Liberty Broadband by 200.7% in the 3rd quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock valued at $33,000 after purchasing an additional 283 shares during the period. Groupama Asset Managment bought a new stake in shares of Liberty Broadband in the third quarter valued at about $25,000. Finally, Quarry LP bought a new stake in shares of Liberty Broadband in the 3rd quarter worth approximately $28,000. Institutional investors own 80.22% 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.