Liberty Broadband Co. (NASDAQ:LBRDK) Shares Sold by Chemistry Wealth Management LLC

Chemistry Wealth Management LLC lowered its holdings in Liberty Broadband Co. (NASDAQ:LBRDK) by 6.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,097 shares of the company’s stock after selling 1,063 shares during the period. Chemistry Wealth Management LLC’s holdings in Liberty Broadband were worth $1,129,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in LBRDK. Groupama Asset Managment purchased a new position in shares of Liberty Broadband in the third quarter worth approximately $25,000. Quarry LP purchased a new position in shares of Liberty Broadband in the third quarter worth approximately $28,000. GAMMA Investing LLC increased its position in shares of Liberty Broadband by 200.7% in the third quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock worth $33,000 after acquiring an additional 283 shares in the last quarter. Capital Advisors Ltd. LLC increased its position in shares of Liberty Broadband by 75.8% in the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock worth $34,000 after acquiring an additional 191 shares in the last quarter. Finally, Brooklyn Investment Group purchased a new position in shares of Liberty Broadband in the third quarter worth approximately $82,000. Institutional investors and hedge funds own 80.22% of the company’s stock.

Liberty Broadband Stock Performance

Shares of LBRDK opened at $76.50 on Friday. The company’s 50 day moving average price is $81.48 and its 200 day moving average price is $72.88. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week high of $101.50. The company has a market capitalization of $10.93 billion, a PE ratio of 14.09 and a beta of 1.04. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07.

Liberty Broadband (NASDAQ:LBRDK) last announced its quarterly earnings data on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $2.68 by ($1.69). Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. The company had revenue of $262.00 million for the quarter, compared to analysts’ expectations of $237.41 million. During the same period in the previous year, the firm posted $1.10 earnings per share. Research analysts expect that Liberty Broadband Co. will post 7.71 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com assumed coverage on shares of Liberty Broadband in a research report on Thursday. They issued a “sell” rating on the stock.

Insider Activity at Liberty Broadband

In other Liberty Broadband news, CEO Gregory B. Maffei sold 125,000 shares of Liberty Broadband stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total value of $9,967,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,435,256 shares in the company, valued at $114,447,313.44. The trade was a 8.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have sold 196,542 shares of company stock valued at $15,834,108. Corporate insiders own 10.80% of the company’s stock.

Liberty Broadband 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.