Liberty Broadband Co. (NASDAQ:LBRDK) CEO Gregory B. Maffei Sells 71,500 Shares

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

Liberty Broadband Stock Down 3.3 %

Shares of LBRDK stock traded down $2.64 during trading hours on Wednesday, reaching $77.80. The company had a trading volume of 957,066 shares, compared to its average volume of 1,193,468. The company has a market cap of $11.11 billion, a price-to-earnings ratio of 14.33 and a beta of 1.02. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. Liberty Broadband Co. has a 12 month low of $46.46 and a 12 month high of $101.50. The business has a fifty day simple moving average of $85.24 and a 200-day simple moving average of $69.29.

Liberty Broadband (NASDAQ:LBRDK) last issued 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). 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 the consensus estimate of $237.41 million. During the same quarter last year, the business posted $1.10 earnings per share. On average, research analysts expect that Liberty Broadband Co. will post 6.72 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Groupama Asset Managment purchased a new stake in shares of Liberty Broadband during the 3rd quarter valued at $25,000. Quarry LP purchased a new stake in Liberty Broadband during the third quarter worth about $28,000. GAMMA Investing LLC raised its position in Liberty Broadband by 200.7% in the third quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock worth $33,000 after acquiring an additional 283 shares during the period. Capital Advisors Ltd. LLC raised its position in Liberty Broadband by 75.8% in the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock worth $34,000 after acquiring an additional 191 shares during the period. Finally, Brooklyn Investment Group purchased a new position in Liberty Broadband in the third quarter valued at about $82,000. 80.22% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Liberty Broadband in a report on Sunday. They set 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.