Liberty Broadband Co. (NASDAQ:LBRDK - Get Free Report) Director J David Wargo sold 10,000 shares of the stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $51.43, for a total transaction of $514,300.00. Following the completion of the sale, the director now owns 87,332 shares of the company's stock, valued at approximately $4,491,484.76. The transaction 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 transaction of $779,700.00.
- On Thursday, March 7th, J David Wargo sold 9,000 shares of Liberty Broadband stock. The shares were 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 shares were sold at an average price of $57.33, for a total transaction of $630,630.00.
Liberty Broadband Stock Down 0.3 %
Shares of LBRDK opened at $52.27 on Wednesday. The stock has a market cap of $7.47 billion, a price-to-earnings ratio of 11.19 and a beta of 0.96. 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 12 month low of $50.72 and a 12 month high of $95.68. The company has a 50-day moving average price of $59.19 and a two-hundred day moving average price of $74.54.
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Liberty Broadband (NASDAQ:LBRDK - Get Free Report) last announced its quarterly earnings results on Friday, February 16th. The company reported $1.39 EPS for the quarter, missing analysts' consensus estimates of $2.62 by ($1.23). The business had revenue of $250.00 million for the quarter, compared to the consensus estimate of $227.82 million. Liberty Broadband had a return on equity of 7.76% and a net margin of 70.13%. Equities analysts predict that Liberty Broadband Co. will post 10.78 EPS for the current fiscal year.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Barclays PLC raised its stake in shares of Liberty Broadband by 315.0% in the third quarter. Barclays PLC now owns 2,675,919 shares of the company's stock valued at $244,364,000 after acquiring an additional 2,031,168 shares during the last quarter. UBS Group AG raised its stake in shares of Liberty Broadband by 21.7% in the third quarter. UBS Group AG now owns 8,626,349 shares of the company's stock valued at $787,758,000 after acquiring an additional 1,536,718 shares during the last quarter. Norges Bank bought a new position in shares of Liberty Broadband in the fourth quarter valued at approximately $114,084,000. Dorsal Capital Management LLC raised its stake in shares of Liberty Broadband by 108.3% in the fourth quarter. Dorsal Capital Management LLC now owns 2,500,000 shares of the company's stock valued at $190,675,000 after acquiring an additional 1,300,000 shares during the last quarter. Finally, Ruane Cunniff & Goldfarb L.P. raised its stake in shares of Liberty Broadband by 43.7% in the second quarter. Ruane Cunniff & Goldfarb L.P. now owns 3,286,361 shares of the company's stock valued at $263,270,000 after acquiring an additional 999,886 shares during the last quarter. Institutional investors own 80.22% of the company's stock.
Wall Street Analyst Weigh In
Separately, Citigroup reduced their target price on shares of Liberty Broadband from $108.00 to $83.00 and set a "buy" rating for the company in a research note on Wednesday, February 7th.
Get Our Latest Research Report on Liberty Broadband
About Liberty Broadband
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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.
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