Liberty Broadband Co. (NASDAQ:LBRDK) Director Sells $514,300.00 in Stock

Liberty Broadband Co. (NASDAQ:LBRDK - Get Free Report) Director J David Wargo sold 10,000 shares of the firm's stock in a transaction on Friday, April 5th. The shares were sold at an average price of $51.43, for a total value of $514,300.00. Following the transaction, the director now directly owns 87,332 shares in the company, valued at $4,491,484.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

J David Wargo also recently made the following trade(s):

• On Monday, April 8th, J David Wargo sold 15,000 shares of Liberty Broadband stock. The shares were sold at an average price of $51.98, for a total value of $779,700.00.
• On Thursday, March 7th, J David Wargo sold 9,000 shares of Liberty Broadband stock. The stock was sold at an average price of $56.80, for a total transaction of $511,200.00.
• On Tuesday, March 5th, J David Wargo sold 11,000 shares of Liberty Broadband stock. The stock was sold at an average price of $57.33, for a total transaction of $630,630.00.

Liberty Broadband Trading Down 0.3 %

LBRDK traded down $0.14 during trading on Tuesday, reaching $52.27. The company had a trading volume of 820,221 shares, compared to its average volume of 1,326,096. The firm's 50-day simple moving average is $59.19 and its 200 day simple moving average is $74.54. The company has a market cap of $7.47 billion, a price-to-earnings ratio of 11.19 and a beta of 0.96. Liberty Broadband Co. has a 12-month low of $50.72 and a 12-month high of $95.68. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.42 and a current ratio of 2.42.

Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last released its earnings results on Friday, February 16th. The company reported $1.39 earnings per share for the quarter, missing the consensus estimate of $2.62 by ($1.23). Liberty Broadband had a net margin of 70.13% and a return on equity of 7.76%. The business had revenue of $250.00 million for the quarter, compared to analysts' expectations of $227.82 million. Equities research analysts anticipate that Liberty Broadband Co. will post 10.78 earnings per share for the current year.

Institutional Investors Weigh In On Liberty Broadband

Large investors have recently made changes to their positions in the company. OFI Invest Asset Management bought a new stake in shares of Liberty Broadband in the 3rd quarter valued at approximately $26,000. Groupama Asset Managment bought a new stake in shares of Liberty Broadband in the 4th quarter valued at approximately $26,000. State of Wyoming grew its stake in shares of Liberty Broadband by 33.7% in the 2nd quarter. State of Wyoming now owns 472 shares of the company's stock valued at $38,000 after buying an additional 119 shares in the last quarter. Milestone Investment Advisors LLC acquired a new stake in Liberty Broadband in the 3rd quarter worth approximately $57,000. Finally, Covestor Ltd lifted its holdings in Liberty Broadband by 301.5% in the 1st quarter. Covestor Ltd now owns 783 shares of the company's stock worth $106,000 after purchasing an additional 588 shares during the last quarter. Institutional investors own 80.22% of the company's stock.

Analysts Set New Price Targets

Separately, Citigroup dropped their price target on shares of Liberty Broadband from $108.00 to $83.00 and set a "buy" rating on the stock 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.