Renee L. Wilm Sells 4,423 Shares of Liberty Broadband Co. (NASDAQ:LBRDK) Stock

Liberty Broadband Co. (NASDAQ:LBRDK) insider Renee L. Wilm sold 4,423 shares of the company’s stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $76.56, for a total value of $338,624.88. Following the completion of the sale, the insider now owns 3,670 shares of the company’s stock, valued at approximately $280,975.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Liberty Broadband Stock Up 1.8 %

Liberty Broadband stock traded up $1.31 during mid-day trading on Thursday, reaching $75.46. The company’s stock had a trading volume of 1,420,404 shares, compared to its average volume of 1,176,673. Liberty Broadband Co. has a 12 month low of $46.46 and a 12 month high of $95.53. The company has a market capitalization of $10.78 billion, a price-to-earnings ratio of 12.75 and a beta of 1.02. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.68 and a current ratio of 1.68. The business’s 50 day simple moving average is $62.52 and its 200 day simple moving average is $56.31.

Liberty Broadband (NASDAQ:LBRDK) last announced its quarterly earnings data on Thursday, August 8th. The company reported $1.36 EPS for the quarter, missing analysts’ consensus estimates of $2.51 by ($1.15). Liberty Broadband had a net margin of 81.86% and a return on equity of 8.79%. The firm had revenue of $246.00 million during the quarter, compared to the consensus estimate of $244.25 million. During the same period last year, the business earned $1.71 EPS. As a group, research analysts anticipate that Liberty Broadband Co. will post 9.05 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on LBRDK. Rosenblatt Securities boosted their target price on Liberty Broadband from $80.00 to $91.00 and gave the stock a “buy” rating in a research report on Wednesday, August 14th. Morgan Stanley boosted their price target on Liberty Broadband from $62.00 to $69.00 and gave the company an “equal weight” rating in a report on Friday, July 19th.

Hedge Funds Weigh In On Liberty Broadband

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Wealthspire Advisors LLC grew its position in Liberty Broadband by 6.7% during the first quarter. Wealthspire Advisors LLC now owns 4,244 shares of the company’s stock worth $243,000 after buying an additional 268 shares in the last quarter. Wahed Invest LLC raised its position in Liberty Broadband by 14.2% in the first quarter. Wahed Invest LLC now owns 2,266 shares of the company’s stock valued at $130,000 after purchasing an additional 281 shares during the last quarter. Daiwa Securities Group Inc. raised its holdings in Liberty Broadband by 4.0% in the 1st quarter. Daiwa Securities Group Inc. now owns 7,845 shares of the company’s stock valued at $449,000 after buying an additional 300 shares during the last quarter. DekaBank Deutsche Girozentrale raised its stake in shares of Liberty Broadband by 1.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 16,199 shares of the company’s stock valued at $919,000 after acquiring an additional 302 shares during the last quarter. Finally, Mather Group LLC. grew its position in shares of Liberty Broadband by 103.7% in the 2nd quarter. Mather Group LLC. now owns 762 shares of the company’s stock valued at $44,000 after buying an additional 388 shares during the last quarter. 80.22% of the stock is owned by institutional investors.

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.