Liberty Broadband Co. (NASDAQ:LBRDK) Insider Renee L. Wilm Sells 4,423 Shares of Stock

Liberty Broadband Co. (NASDAQ:LBRDK) insider Renee L. Wilm sold 4,423 shares of the firm’s stock in a transaction 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 sale, the insider now owns 3,670 shares in the company, valued at $280,975.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Liberty Broadband Price Performance

Shares of NASDAQ LBRDK opened at $75.46 on Friday. The stock has a market cap of $10.78 billion, a P/E ratio of 12.81 and a beta of 1.02. The firm’s 50-day simple moving average is $62.88 and its 200 day simple moving average is $56.44. Liberty Broadband Co. has a fifty-two week low of $46.46 and a fifty-two week high of $95.53. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.39.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings results on Thursday, August 8th. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $2.51 by ($1.15). The company had revenue of $246.00 million for 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 quarter last year, the firm posted $1.71 earnings per share. Equities analysts expect that Liberty Broadband Co. will post 9.05 EPS for the current year.

Institutional Investors Weigh In On Liberty Broadband

A number of institutional investors have recently added to or reduced their stakes in the company. FORA Capital LLC acquired a new stake in Liberty Broadband in the 1st quarter valued at about $1,855,000. Mango Investments LLC bought a new stake in Liberty Broadband during the fourth quarter worth approximately $49,570,000. Qsemble Capital Management LP acquired a new position in Liberty Broadband in the first quarter worth approximately $1,308,000. SG Americas Securities LLC grew its position in Liberty Broadband by 1,551.1% in the first quarter. SG Americas Securities LLC now owns 66,970 shares of the company’s stock worth $3,833,000 after buying an additional 62,914 shares during the last quarter. Finally, Bridgewater Associates LP increased its holdings in shares of Liberty Broadband by 23.4% in the fourth quarter. Bridgewater Associates LP now owns 265,860 shares of the company’s stock valued at $21,426,000 after buying an additional 50,361 shares in the last quarter. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on LBRDK. Morgan Stanley increased their price objective on shares of Liberty Broadband from $62.00 to $69.00 and gave the stock an “equal weight” rating in a report on Friday, July 19th. Rosenblatt Securities raised their price target on shares of Liberty Broadband from $80.00 to $91.00 and gave the company a “buy” rating in a research note on Wednesday, August 14th.

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.