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

Liberty Broadband Co. (NASDAQ:LBRDK - Get Free Report) CEO Gregory B. Maffei sold 71,500 shares of the company's stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $82.00, for a total transaction of $5,863,000.00. Following the transaction, the chief executive officer now owns 2,827,013 shares of the company's stock, valued at approximately $231,815,066. This represents a 2.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Liberty Broadband Trading Down 3.3 %

Shares of LBRDK traded down $2.64 during trading hours on Wednesday, hitting $77.80. 957,066 shares of the stock were exchanged, compared to its average volume of 1,193,468. The firm has a market capitalization of $11.11 billion, a P/E 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 fifty-two week low of $46.46 and a fifty-two week high of $101.50. The business has a 50-day moving average of $85.24 and a 200-day moving average of $69.29.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last posted 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 return on equity of 8.45% and a net margin of 78.07%. The business had revenue of $262.00 million during the quarter, compared to the consensus estimate of $237.41 million. During the same period last year, the business posted $1.10 earnings per share. On average, research analysts expect that Liberty Broadband Co. will post 6.72 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com initiated coverage on shares of Liberty Broadband in a report on Sunday. They set a "sell" rating for the company.

Institutional Investors Weigh In On Liberty Broadband

A number of hedge funds have recently added to or reduced their stakes in LBRDK. Franklin Resources Inc. acquired a new stake in Liberty Broadband in the third quarter worth $175,000. Tidal Investments LLC acquired a new stake in shares of Liberty Broadband in the 3rd quarter valued at about $217,000. Wilmington Savings Fund Society FSB bought a new stake in Liberty Broadband in the 3rd quarter valued at about $8,773,000. Sanctuary Advisors LLC bought a new stake in Liberty Broadband in the 3rd quarter valued at about $225,000. Finally, Geode Capital Management LLC raised its stake in Liberty Broadband by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 2,014,571 shares of the company's stock worth $155,736,000 after buying an additional 31,484 shares during the period. 80.22% of the stock is currently owned by institutional investors.

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.

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