Insider Selling: Liberty Broadband (NASDAQ:LBRDK) Director Sells 2,889 Shares of Stock

Liberty Broadband Corporation (NASDAQ:LBRDK) Director J David Wargo sold 2,889 shares of the stock in a transaction on Friday, December 5th. The stock was sold at an average price of $47.10, for a total value of $136,071.90. Following the transaction, the director owned 31,542 shares of the company’s stock, valued at approximately $1,485,628.20. This represents a 8.39% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

Liberty Broadband Trading Up 0.3%

LBRDK traded up $0.16 on Tuesday, hitting $47.55. The company had a trading volume of 990,430 shares, compared to its average volume of 1,212,081. The company’s fifty day moving average price is $53.26 and its 200 day moving average price is $68.78. Liberty Broadband Corporation has a 1 year low of $44.63 and a 1 year high of $104.00. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.19. The firm has a market cap of $6.82 billion, a P/E ratio of 8.61 and a beta of 1.00.

Liberty Broadband (NASDAQ:LBRDK) last announced its earnings results on Wednesday, November 5th. The company reported $1.77 earnings per share for the quarter, topping the consensus estimate of $1.20 by $0.57. The company had revenue of $257.00 million during the quarter, compared to analyst estimates of $267.70 million. Liberty Broadband had a net margin of 105.04% and a return on equity of 12.23%. As a group, equities analysts expect that Liberty Broadband Corporation will post 7.71 earnings per share for the current year.

Institutional Trading of Liberty Broadband

Several hedge funds have recently modified their holdings of LBRDK. GAMMA Investing LLC increased its holdings in Liberty Broadband by 39.2% during the 2nd quarter. GAMMA Investing LLC now owns 589 shares of the company’s stock worth $58,000 after purchasing an additional 166 shares during the period. Integrated Wealth Concepts LLC boosted its stake in shares of Liberty Broadband by 4.4% in the 1st quarter. Integrated Wealth Concepts LLC now owns 4,092 shares of the company’s stock valued at $348,000 after buying an additional 174 shares during the period. Resonant Capital Advisors LLC grew its position in shares of Liberty Broadband by 4.4% during the second quarter. Resonant Capital Advisors LLC now owns 4,382 shares of the company’s stock worth $431,000 after buying an additional 185 shares in the last quarter. Mariner LLC increased its stake in shares of Liberty Broadband by 3.4% during the third quarter. Mariner LLC now owns 6,958 shares of the company’s stock worth $442,000 after buying an additional 226 shares during the period. Finally, Captrust Financial Advisors raised its holdings in shares of Liberty Broadband by 4.6% in the 2nd quarter. Captrust Financial Advisors now owns 5,376 shares of the company’s stock valued at $529,000 after purchasing an additional 237 shares in the last quarter. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

LBRDK has been the subject of several research reports. Wall Street Zen downgraded shares of Liberty Broadband from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Liberty Broadband in a research note on Tuesday, December 2nd. One analyst has rated the stock with a Sell rating, According to MarketBeat, the stock has an average rating of “Sell”.

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.