Resonant Capital Advisors LLC Sells 303 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Resonant Capital Advisors LLC trimmed its position in Liberty Broadband Co. (NASDAQ:LBRDK) by 5.8% during the 4th quarter, Holdings Channel reports. The institutional investor owned 4,951 shares of the company’s stock after selling 303 shares during the period. Resonant Capital Advisors LLC’s holdings in Liberty Broadband were worth $399,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in LBRDK. OFI Invest Asset Management bought a new position in Liberty Broadband during the 3rd quarter valued at approximately $26,000. State of Wyoming raised its holdings in shares of Liberty Broadband by 33.7% during the second quarter. State of Wyoming now owns 472 shares of the company’s stock valued at $38,000 after acquiring an additional 119 shares in the last quarter. Milestone Investment Advisors LLC bought a new position in shares of Liberty Broadband during the third quarter valued at approximately $57,000. Covestor Ltd lifted its stake in Liberty Broadband by 301.5% in the first quarter. Covestor Ltd now owns 783 shares of the company’s stock worth $106,000 after acquiring an additional 588 shares during the period. Finally, UniSuper Management Pty Ltd bought a new stake in Liberty Broadband in the second quarter valued at $72,000. 80.22% of the stock is currently owned by institutional investors.

Insider Activity at Liberty Broadband

In other news, Director J David Wargo sold 11,000 shares of Liberty Broadband stock in a transaction that occurred on Tuesday, March 5th. The shares were sold at an average price of $57.33, for a total transaction of $630,630.00. Following the completion of the transaction, the director now directly owns 106,332 shares in the company, valued at $6,096,013.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold a total of 45,000 shares of company stock valued at $2,435,830 in the last three months. Company insiders own 10.80% of the company’s stock.

Liberty Broadband Trading Up 2.1 %

LBRDK opened at $49.88 on Friday. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.42. Liberty Broadband Co. has a 52 week low of $47.87 and a 52 week high of $95.68. The stock has a market cap of $7.13 billion, a PE ratio of 10.68 and a beta of 0.95. The business has a 50 day moving average of $56.31 and a 200-day moving average of $72.45.

Liberty Broadband (NASDAQ:LBRDK) last posted its quarterly earnings data on Friday, February 16th. The company reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.62 by ($1.23). Liberty Broadband had a return on equity of 7.76% and a net margin of 70.13%. The firm had revenue of $250.00 million during the quarter, compared to the consensus estimate of $227.82 million. Equities research analysts predict that Liberty Broadband Co. will post 10.14 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Citigroup dropped their target price on shares of Liberty Broadband from $108.00 to $83.00 and set a “buy” rating for the company in a research report on Wednesday, February 7th.

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.