Brian J. Wendling Sells 2,208 Shares of Liberty Broadband Co. (NASDAQ:LBRDA) Stock

Liberty Broadband Co. (NASDAQ:LBRDA) CAO Brian J. Wendling sold 2,208 shares of Liberty Broadband stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $75.84, for a total value of $167,454.72. Following the transaction, the chief accounting officer now directly owns 11,054 shares in the company, valued at $838,335.36. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Liberty Broadband Stock Up 3.4 %

Shares of Liberty Broadband stock opened at $77.74 on Friday. The stock’s 50-day moving average is $62.30 and its 200 day moving average is $56.22. Liberty Broadband Co. has a one year low of $47.17 and a one year high of $95.08. The firm has a market cap of $11.11 billion, a price-to-earnings ratio of 13.20 and a beta of 1.04. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.68 and a quick ratio of 1.68.

Liberty Broadband (NASDAQ:LBRDA) last posted its quarterly earnings results on Thursday, August 8th. The company reported $1.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $3.12 by ($1.76). The business had revenue of $246.00 million for the quarter. Liberty Broadband had a return on equity of 8.79% and a net margin of 81.86%. During the same quarter last year, the firm earned $1.71 EPS.

Analysts Set New Price Targets

A number of equities analysts recently commented on LBRDA shares. Citigroup lowered Liberty Broadband from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $67.00 to $57.00 in a research note on Wednesday, July 3rd. Evercore ISI dropped their price target on shares of Liberty Broadband from $106.00 to $72.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Liberty Broadband from $104.00 to $90.00 and set a “buy” rating for the company in a research report on Friday, August 16th.

Institutional Investors Weigh In On Liberty Broadband

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. increased its holdings in shares of Liberty Broadband by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 1,570,076 shares of the company’s stock valued at $126,611,000 after acquiring an additional 5,709 shares in the last quarter. Private Management Group Inc. increased its stake in Liberty Broadband by 29.8% during the 2nd quarter. Private Management Group Inc. now owns 388,923 shares of the company’s stock valued at $21,235,000 after purchasing an additional 89,317 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Liberty Broadband by 38.3% during the second quarter. Dimensional Fund Advisors LP now owns 376,293 shares of the company’s stock worth $20,544,000 after buying an additional 104,268 shares during the last quarter. Long Focus Capital Management LLC lifted its stake in shares of Liberty Broadband by 61.9% in the second quarter. Long Focus Capital Management LLC now owns 370,100 shares of the company’s stock valued at $20,207,000 after buying an additional 141,500 shares in the last quarter. Finally, Norges Bank bought a new position in shares of Liberty Broadband in the fourth quarter valued at $17,239,000. 10.29% of the stock is owned by institutional investors.

Liberty Broadband Company Profile

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.