Insider Selling: Liberty Broadband Co. (NASDAQ:LBRDA) CAO Sells 2,208 Shares of Stock

Liberty Broadband Co. (NASDAQ:LBRDA) CAO Brian J. Wendling sold 2,208 shares of the company’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $75.84, for a total value of $167,454.72. Following the sale, the chief accounting officer now owns 11,054 shares of the company’s stock, valued at approximately $838,335.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Liberty Broadband Price Performance

Shares of NASDAQ:LBRDA opened at $77.74 on Friday. Liberty Broadband Co. has a fifty-two week low of $47.17 and a fifty-two week high of $95.08. The company’s 50-day moving average is $62.30 and its 200 day moving average is $56.22. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.68 and a current ratio of 1.68. The company has a market capitalization of $11.11 billion, a P/E ratio of 13.20 and a beta of 1.04.

Liberty Broadband (NASDAQ:LBRDA) last issued its quarterly earnings results on Thursday, August 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.12 by ($1.76). Liberty Broadband had a return on equity of 8.79% and a net margin of 81.86%. The company had revenue of $246.00 million for the quarter. During the same period in the prior year, the firm posted $1.71 EPS.

Institutional Trading of Liberty Broadband

Hedge funds have recently made changes to their positions in the company. Headlands Technologies LLC bought a new stake in shares of Liberty Broadband in the first quarter valued at approximately $49,000. Central Pacific Bank Trust Division bought a new stake in Liberty Broadband during the 1st quarter valued at $72,000. CWM LLC lifted its position in shares of Liberty Broadband by 112.6% during the second quarter. CWM LLC now owns 1,352 shares of the company’s stock worth $74,000 after acquiring an additional 716 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Liberty Broadband by 166,900.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,670 shares of the company’s stock worth $91,000 after acquiring an additional 1,669 shares during the period. Finally, Signaturefd LLC grew its position in shares of Liberty Broadband by 184.3% in the second quarter. Signaturefd LLC now owns 1,942 shares of the company’s stock valued at $106,000 after purchasing an additional 1,259 shares in the last quarter. 10.29% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Citigroup downgraded shares of Liberty Broadband from a “buy” rating to a “neutral” rating and lowered their target price for the company from $67.00 to $57.00 in a report on Wednesday, July 3rd. Evercore ISI reduced their price objective on shares of Liberty Broadband from $106.00 to $72.00 and set an “outperform” rating for the company in a research report on Tuesday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft cut their target price on Liberty Broadband from $104.00 to $90.00 and set a “buy” rating on the stock in a research note on Friday, August 16th.

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.