Liberty Broadband (NASDAQ:LBRDA) Director J David Wargo Sells 2,889 Shares

Liberty Broadband Corporation (NASDAQ:LBRDA) Director J David Wargo sold 2,889 shares of the firm’s stock in a transaction on Friday, December 5th. The stock was sold at an average price of $47.10, for a total transaction of $136,071.90. Following the completion of the sale, the director owned 31,542 shares in the company, valued at approximately $1,485,628.20. The trade was a 8.39% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

Liberty Broadband Stock Performance

Liberty Broadband stock traded up $0.19 during mid-day trading on Tuesday, reaching $47.43. The company had a trading volume of 154,776 shares, compared to its average volume of 143,046. The company has a 50 day moving average of $53.04 and a 200-day moving average of $68.41. Liberty Broadband Corporation has a 52 week low of $44.51 and a 52 week high of $102.38. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.19. The firm has a market cap of $6.81 billion, a price-to-earnings ratio of 8.59 and a beta of 0.99.

Liberty Broadband (NASDAQ:LBRDA) last released its earnings results on Wednesday, November 5th. The company reported $1.77 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.57. Liberty Broadband had a net margin of 103.04% and a return on equity of 12.23%.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Quent Capital LLC acquired a new stake in Liberty Broadband during the 3rd quarter valued at $36,000. Franklin Resources Inc. lifted its position in Liberty Broadband by 66.2% during the 2nd quarter. Franklin Resources Inc. now owns 615 shares of the company’s stock worth $60,000 after buying an additional 245 shares in the last quarter. GAMMA Investing LLC grew its holdings in Liberty Broadband by 21.2% during the 2nd quarter. GAMMA Investing LLC now owns 698 shares of the company’s stock worth $68,000 after acquiring an additional 122 shares during the last quarter. Central Pacific Bank Trust Division increased its position in Liberty Broadband by 30.8% in the 2nd quarter. Central Pacific Bank Trust Division now owns 1,700 shares of the company’s stock valued at $166,000 after acquiring an additional 400 shares in the last quarter. Finally, Parallel Advisors LLC raised its stake in shares of Liberty Broadband by 10.8% in the second quarter. Parallel Advisors LLC now owns 1,798 shares of the company’s stock worth $176,000 after acquiring an additional 175 shares during the last quarter. Institutional investors own 10.29% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Liberty Broadband in a report on Monday, December 1st. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $115.00.

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.