Wealthfront Advisers LLC Sells 68,165 Shares of Liberty Broadband Corporation $LBRDK

Wealthfront Advisers LLC decreased its position in Liberty Broadband Corporation (NASDAQ:LBRDK) by 90.8% during the fourth quarter, HoldingsChannel reports. The firm owned 6,918 shares of the company’s stock after selling 68,165 shares during the quarter. Wealthfront Advisers LLC’s holdings in Liberty Broadband were worth $336,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of LBRDK. eCIO Inc. bought a new position in shares of Liberty Broadband in the fourth quarter valued at approximately $30,000. Johnson Financial Group Inc. bought a new position in shares of Liberty Broadband in the third quarter valued at approximately $42,000. Mather Group LLC. bought a new position in shares of Liberty Broadband in the third quarter valued at approximately $47,000. Danske Bank A S bought a new position in shares of Liberty Broadband in the third quarter valued at approximately $51,000. Finally, Quent Capital LLC bought a new position in shares of Liberty Broadband in the third quarter valued at approximately $53,000. Institutional investors own 80.22% of the company’s stock.

Insider Transactions at Liberty Broadband

In related news, Director J David Wargo sold 44,450 shares of the business’s stock in a transaction on Tuesday, February 10th. The shares were sold at an average price of $57.30, for a total transaction of $2,546,985.00. Following the transaction, the director owned 19,150 shares of the company’s stock, valued at approximately $1,097,295. The trade was a 69.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Company insiders own 10.80% of the company’s stock.

Liberty Broadband Trading Down 4.3%

Shares of LBRDK stock opened at $36.96 on Wednesday. Liberty Broadband Corporation has a 1 year low of $36.60 and a 1 year high of $104.00. The firm’s fifty day simple moving average is $50.71 and its 200 day simple moving average is $50.00. The firm has a market capitalization of $5.30 billion, a P/E ratio of -1.93 and a beta of 0.70. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.27.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on LBRDK. Wall Street Zen raised shares of Liberty Broadband from a “strong sell” rating to a “sell” rating in a research report on Saturday. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Liberty Broadband in a research report on Friday, March 27th. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Liberty Broadband Profile

Liberty Broadband Corporation is a publicly traded holding company that principally invests in broadband and cable businesses. Established in 2014 as a spin-off from Liberty Interactive Corporation, the company was designed to provide investors with targeted exposure to high-growth broadband assets. Headquartered in Englewood, Colorado, Liberty Broadband uses a tracking-stock structure to reflect the performance of its key investments rather than operating a stand-alone service business.

The company’s primary asset is its substantial equity interest in Charter Communications, one of the largest cable and broadband providers in the United States.