Liberty Broadband Co. (NASDAQ:LBRDK) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank lessened its stake in Liberty Broadband Co. (NASDAQ:LBRDK) by 3.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 22,034 shares of the company’s stock after selling 689 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Liberty Broadband were worth $1,776,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in LBRDK. CWM LLC increased its holdings in shares of Liberty Broadband by 6.1% in the third quarter. CWM LLC now owns 1,957 shares of the company’s stock valued at $179,000 after purchasing an additional 112 shares during the period. Wahed Invest LLC increased its holdings in shares of Liberty Broadband by 9.4% in the third quarter. Wahed Invest LLC now owns 1,835 shares of the company’s stock valued at $168,000 after purchasing an additional 157 shares during the period. Resonant Capital Advisors LLC increased its holdings in shares of Liberty Broadband by 3.4% in the third quarter. Resonant Capital Advisors LLC now owns 5,254 shares of the company’s stock valued at $480,000 after purchasing an additional 174 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of Liberty Broadband by 2.8% in the third quarter. Daiwa Securities Group Inc. now owns 7,245 shares of the company’s stock valued at $662,000 after purchasing an additional 200 shares during the period. Finally, Treasurer of the State of North Carolina increased its holdings in shares of Liberty Broadband by 0.4% in the third quarter. Treasurer of the State of North Carolina now owns 52,654 shares of the company’s stock valued at $4,808,000 after purchasing an additional 230 shares during the period. Hedge funds and other institutional investors own 80.22% of the company’s stock.

Analysts Set New Price Targets

Separately, Citigroup dropped their price objective on Liberty Broadband from $108.00 to $83.00 and set a “buy” rating on the stock in a report on Wednesday, February 7th.

Liberty Broadband Price Performance

Shares of NASDAQ:LBRDK opened at $50.01 on Thursday. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.42. Liberty Broadband Co. has a 52-week low of $47.87 and a 52-week high of $95.68. The stock’s fifty day simple moving average is $55.67 and its 200-day simple moving average is $71.50. The company has a market capitalization of $7.15 billion, a P/E ratio of 10.71 and a beta of 0.95.

Liberty Broadband (NASDAQ:LBRDK) last issued its quarterly earnings results on Friday, February 16th. The company reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.62 by ($1.23). The business had revenue of $250.00 million during the quarter, compared to analyst estimates of $227.82 million. Liberty Broadband had a return on equity of 7.76% and a net margin of 70.13%. As a group, equities research analysts forecast that Liberty Broadband Co. will post 10.14 earnings per share for the current fiscal year.

Insider Activity

In related news, Director J David Wargo sold 9,000 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $56.80, for a total transaction of $511,200.00. Following the sale, the director now directly owns 97,332 shares in the company, valued at approximately $5,528,457.60. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders have sold 45,000 shares of company stock valued at $2,435,830 in the last three months. Corporate insiders own 10.80% of the company’s 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.