Liberty Broadband Co. (NASDAQ:LBRDA) Shares Sold by Private Management Group Inc.

Private Management Group Inc. reduced its position in Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) by 22.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 299,729 shares of the company's stock after selling 89,194 shares during the quarter. Private Management Group Inc. owned approximately 0.21% of Liberty Broadband worth $23,025,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of LBRDA. Vanguard Group Inc. grew its stake in shares of Liberty Broadband by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 1,570,076 shares of the company's stock worth $126,611,000 after acquiring an additional 5,709 shares in the last quarter. BNP Paribas Financial Markets raised its position in Liberty Broadband by 279.6% in the 1st quarter. BNP Paribas Financial Markets now owns 111,680 shares of the company's stock valued at $6,379,000 after purchasing an additional 82,261 shares in the last quarter. Central Pacific Bank Trust Division acquired a new stake in Liberty Broadband in the 1st quarter valued at about $72,000. GSA Capital Partners LLP acquired a new stake in Liberty Broadband in the 1st quarter valued at about $732,000. Finally, Rehmann Capital Advisory Group grew its position in shares of Liberty Broadband by 18.9% during the first quarter. Rehmann Capital Advisory Group now owns 4,349 shares of the company's stock worth $248,000 after buying an additional 691 shares in the last quarter. 10.29% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Liberty Broadband

In other Liberty Broadband news, 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 directly owns 11,054 shares in the company, valued at approximately $838,335.36. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, insider Renee L. Wilm sold 4,423 shares of the stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total value of $338,624.88. Following the sale, the insider now directly owns 3,670 shares of the company's stock, valued at approximately $280,975.20. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband stock in a transaction dated Thursday, September 26th. The stock was 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 of the company's stock, valued at approximately $838,335.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 14.19% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft lowered their target price on shares of Liberty Broadband from $104.00 to $90.00 and set a "buy" rating for the company in a research note on Friday, August 16th.

Liberty Broadband Stock Performance

LBRDA traded up $9.42 on Friday, hitting $89.65. 283,336 shares of the company traded hands, compared to its average volume of 146,354. Liberty Broadband Co. has a 12-month low of $47.17 and a 12-month high of $92.95. The company has a 50 day moving average of $71.23 and a 200-day moving average of $60.64. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.39. The stock has a market capitalization of $12.81 billion, a PE ratio of 16.18 and a beta of 1.06.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last announced its quarterly earnings data on Thursday, August 8th. The company reported $1.36 EPS for the quarter, missing analysts' consensus estimates of $3.12 by ($1.76). The firm had revenue of $246.00 million for the quarter. Liberty Broadband had a return on equity of 8.79% and a net margin of 81.86%. During the same period in the prior year, the firm posted $1.71 EPS.

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.