Liberty Broadband Co. (NASDAQ:LBRDK) Shares Sold by Northeast Financial Consultants Inc

Northeast Financial Consultants Inc trimmed its position in shares of Liberty Broadband Co. (NASDAQ:LBRDK - Free Report) by 96.4% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,812 shares of the company's stock after selling 75,027 shares during the quarter. Northeast Financial Consultants Inc's holdings in Liberty Broadband were worth $217,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of the company. Comerica Bank raised its stake in shares of Liberty Broadband by 33.4% in the first quarter. Comerica Bank now owns 26,011 shares of the company's stock worth $1,489,000 after buying an additional 6,511 shares during the period. Mather Group LLC. lifted 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 purchasing an additional 388 shares in the last quarter. CWM LLC boosted its position in shares of Liberty Broadband by 163.7% in the second quarter. CWM LLC now owns 2,255 shares of the company's stock worth $124,000 after purchasing an additional 1,400 shares during the period. SG Americas Securities LLC increased its stake in shares of Liberty Broadband by 14.4% in the second quarter. SG Americas Securities LLC now owns 76,589 shares of the company's stock worth $4,199,000 after purchasing an additional 9,619 shares in the last quarter. Finally, Red Door Wealth Management LLC raised its position in shares of Liberty Broadband by 95.8% during the 2nd quarter. Red Door Wealth Management LLC now owns 7,971 shares of the company's stock valued at $437,000 after purchasing an additional 3,900 shares during the period. Institutional investors own 80.22% of the company's stock.

Liberty Broadband Trading Up 0.0 %

Shares of LBRDK traded up $0.03 during midday trading on Friday, hitting $86.50. The stock had a trading volume of 1,555,023 shares, compared to its average volume of 1,511,880. Liberty Broadband Co. has a 1 year low of $46.46 and a 1 year high of $101.50. The firm has a market cap of $12.36 billion, a PE ratio of 15.93 and a beta of 1.02. The stock's 50 day moving average is $84.80 and its 200 day moving average is $67.84. 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 (NASDAQ:LBRDK - Get Free Report) last posted its quarterly earnings results 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 net margin of 78.07% and a return on equity of 8.45%. The firm had revenue of $262.00 million during the quarter, compared to analysts' expectations of $237.41 million. During the same period last year, the company earned $1.10 EPS. As a group, analysts forecast that Liberty Broadband Co. will post 6.72 EPS for the current fiscal year.

Insiders Place Their Bets

In other Liberty Broadband news, insider Renee L. Wilm sold 4,423 shares of the firm's stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total value of $338,624.88. Following the completion of the transaction, the insider now owns 3,670 shares of the company's stock, valued at $280,975.20. This trade represents a 54.65 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CAO Brian J. Wendling sold 2,208 shares of the business's stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $75.84, for a total transaction of $167,454.72. Following the completion of the transaction, the chief accounting officer now owns 11,054 shares of the company's stock, valued at approximately $838,335.36. This trade represents a 16.65 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 6,673 shares of company stock valued at $509,688 over the last 90 days. 10.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on LBRDK. Rosenblatt Securities lifted their target price on Liberty Broadband from $80.00 to $91.00 and gave the company a "buy" rating in a research note on Wednesday, August 14th. StockNews.com assumed coverage on shares of Liberty Broadband in a research report on Saturday. They set a "sell" rating on the stock.

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.