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

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

Liberty Broadband Stock Performance

Shares of NASDAQ:LBRDK opened at $78.14 on Monday. The firm’s 50 day simple moving average is $63.31 and its 200-day simple moving average is $56.55. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.68 and a current ratio of 1.68. Liberty Broadband Co. has a one year low of $46.46 and a one year high of $95.53. The firm has a market cap of $11.16 billion, a PE ratio of 13.27 and a beta of 1.02.

Liberty Broadband (NASDAQ:LBRDK) last announced its quarterly earnings data on Thursday, August 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.51 by ($1.15). The firm had revenue of $246.00 million during the quarter, compared to the consensus estimate of $244.25 million. Liberty Broadband had a return on equity of 8.79% and a net margin of 81.86%. During the same period last year, the company earned $1.71 EPS. As a group, equities analysts predict that Liberty Broadband Co. will post 9.05 EPS for the current year.

Wall Street Analyst Weigh In

LBRDK has been the subject of a number of recent analyst reports. Rosenblatt Securities boosted their price objective on Liberty Broadband from $80.00 to $91.00 and gave the company a “buy” rating in a report on Wednesday, August 14th. Morgan Stanley lifted their target price on Liberty Broadband from $62.00 to $69.00 and gave the stock an “equal weight” rating in a research report on Friday, July 19th.

Hedge Funds Weigh In On Liberty Broadband

Several institutional investors have recently made changes to their positions in the company. Versant Capital Management Inc lifted its stake in Liberty Broadband by 4,888.9% in the second quarter. Versant Capital Management Inc now owns 449 shares of the company’s stock worth $25,000 after acquiring an additional 440 shares during the period. Beach Investment Counsel Inc. PA purchased a new position in Liberty Broadband during the second quarter valued at approximately $36,000. Mather Group LLC. increased its holdings in Liberty Broadband by 103.7% during the second quarter. Mather Group LLC. now owns 762 shares of the company’s stock valued at $44,000 after buying an additional 388 shares during the period. UniSuper Management Pty Ltd raised its stake in Liberty Broadband by 88.9% in the first quarter. UniSuper Management Pty Ltd now owns 1,700 shares of the company’s stock worth $97,000 after buying an additional 800 shares in the last quarter. Finally, CWM LLC lifted its holdings in Liberty Broadband by 163.7% during the second quarter. CWM LLC now owns 2,255 shares of the company’s stock worth $124,000 after buying an additional 1,400 shares during the period. Hedge funds and other 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.