Resonant Capital Advisors LLC Has $399,000 Stock Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Resonant Capital Advisors LLC cut its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 5.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,951 shares of the company’s stock after selling 303 shares during the period. Resonant Capital Advisors LLC’s holdings in Liberty Broadband were worth $399,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of LBRDK. OFI Invest Asset Management bought a new stake in Liberty Broadband in the third quarter valued at about $26,000. State of Wyoming increased its stake in shares of Liberty Broadband by 33.7% in the 2nd quarter. State of Wyoming now owns 472 shares of the company’s stock valued at $38,000 after acquiring an additional 119 shares during the last quarter. Milestone Investment Advisors LLC acquired a new stake in shares of Liberty Broadband in the 1st quarter valued at approximately $51,000. UniSuper Management Pty Ltd bought a new position in Liberty Broadband during the 2nd quarter worth approximately $72,000. Finally, Bessemer Group Inc. grew its holdings in Liberty Broadband by 423.4% during the fourth quarter. Bessemer Group Inc. now owns 1,230 shares of the company’s stock valued at $93,000 after purchasing an additional 995 shares during the period. Institutional investors own 80.22% of the company’s stock.

Liberty Broadband Trading Up 2.1 %

NASDAQ:LBRDK opened at $49.88 on Friday. The stock has a market capitalization of $7.13 billion, a PE ratio of 10.68 and a beta of 0.95. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.42 and a quick ratio of 2.42. The business’s 50-day simple moving average is $56.31 and its 200-day simple moving average is $72.45. Liberty Broadband Co. has a fifty-two week low of $47.87 and a fifty-two week high of $95.68.

Liberty Broadband (NASDAQ:LBRDK) last issued its quarterly earnings data on Friday, February 16th. The company reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.62 by ($1.23). Liberty Broadband had a net margin of 70.13% and a return on equity of 7.76%. The business had revenue of $250.00 million for the quarter, compared to analyst estimates of $227.82 million. Sell-side analysts expect that Liberty Broadband Co. will post 10.14 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, Citigroup reduced their price target on shares of Liberty Broadband from $108.00 to $83.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th.

Insiders Place Their Bets

In other Liberty Broadband news, Director J David Wargo sold 9,000 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $56.80, for a total transaction of $511,200.00. Following the transaction, the director now directly owns 97,332 shares in the company, valued at approximately $5,528,457.60. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders sold 45,000 shares of company stock valued at $2,435,830. Corporate insiders own 10.80% of the company’s stock.

Liberty Broadband 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.