Insider Selling: Liberty Broadband Co. (NASDAQ:LBRDK) CEO Sells 125,000 Shares of Stock

Liberty Broadband Co. (NASDAQ:LBRDK) CEO Gregory B. Maffei sold 125,000 shares of Liberty Broadband stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total value of $9,967,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,435,256 shares of the company’s stock, valued at approximately $114,447,313.44. This represents a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Liberty Broadband Stock Performance

NASDAQ LBRDK opened at $77.50 on Friday. Liberty Broadband Co. has a 1-year low of $46.46 and a 1-year high of $101.50. The company has a market cap of $11.07 billion, a P/E ratio of 14.27 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. The stock has a 50-day moving average of $85.13 and a two-hundred day moving average of $69.68.

Liberty Broadband (NASDAQ:LBRDK) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $2.68 by ($1.69). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The company had revenue of $262.00 million for the quarter, compared to analyst estimates of $237.41 million. During the same period in the prior year, the firm posted $1.10 earnings per share. As a group, analysts anticipate that Liberty Broadband Co. will post 6.72 EPS for the current year.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Liberty Broadband in a research report on Sunday, December 15th. They issued a “sell” rating for the company.

Hedge Funds Weigh In On Liberty Broadband

A number of institutional investors and hedge funds have recently made changes to their positions in LBRDK. Barclays PLC lifted its stake in Liberty Broadband by 6.4% during the third quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock worth $533,251,000 after purchasing an additional 415,496 shares during the last quarter. Hi Line Capital Management LLC lifted its stake in Liberty Broadband by 498.4% during the third quarter. Hi Line Capital Management LLC now owns 141,056 shares of the company’s stock worth $10,902,000 after purchasing an additional 117,483 shares during the last quarter. Bank of Montreal Can lifted its stake in Liberty Broadband by 172.6% during the second quarter. Bank of Montreal Can now owns 258,212 shares of the company’s stock worth $14,173,000 after purchasing an additional 163,502 shares during the last quarter. Sequoia Financial Advisors LLC purchased a new stake in Liberty Broadband during the third quarter worth approximately $861,000. Finally, Commonwealth Equity Services LLC purchased a new stake in Liberty Broadband during the second quarter worth approximately $602,000. 80.22% of the stock is owned by institutional investors and hedge funds.

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.