Liberty Broadband Co. (NASDAQ:LBRDK) CEO Gregory B. Maffei Sells 125,000 Shares

Liberty Broadband Co. (NASDAQ:LBRDK) CEO Gregory B. Maffei sold 125,000 shares of Liberty Broadband stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total transaction of $9,967,500.00. Following the sale, the chief executive officer now directly owns 1,435,256 shares in the company, valued at $114,447,313.44. This trade represents a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Liberty Broadband Stock Performance

Shares of LBRDK stock opened at $77.50 on Friday. The business’s 50-day moving average price is $85.13 and its 200-day moving average price is $69.56. Liberty Broadband Co. has a 12 month low of $46.46 and a 12 month high of $101.50. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The firm has a market capitalization of $11.07 billion, a price-to-earnings ratio of 14.27 and a beta of 1.02.

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

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Groupama Asset Managment bought a new position in Liberty Broadband during the 3rd quarter worth approximately $25,000. Quarry LP acquired a new position in Liberty Broadband in the third quarter valued at $28,000. GAMMA Investing LLC lifted its holdings in Liberty Broadband by 200.7% in the third quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock valued at $33,000 after buying an additional 283 shares during the period. Capital Advisors Ltd. LLC boosted its position in Liberty Broadband by 75.8% during the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock valued at $34,000 after acquiring an additional 191 shares during the last quarter. Finally, Brooklyn Investment Group acquired a new stake in Liberty Broadband during the 3rd quarter worth about $82,000. 80.22% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com assumed coverage on shares of Liberty Broadband in a research note on Sunday, December 15th. 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.