Moran Wealth Management LLC Invests $2.45 Million in Liberty Broadband Co. (NASDAQ:LBRDA)

Moran Wealth Management LLC purchased a new stake in shares of Liberty Broadband Co. (NASDAQ:LBRDA) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 32,908 shares of the company’s stock, valued at approximately $2,447,000.

Other large investors also recently bought and sold shares of the company. M&T Bank Corp boosted its stake in shares of Liberty Broadband by 3.6% during the 4th quarter. M&T Bank Corp now owns 4,562 shares of the company’s stock worth $339,000 after acquiring an additional 158 shares in the last quarter. Franklin Resources Inc. purchased a new position in Liberty Broadband during the third quarter worth approximately $30,000. Glenmede Trust Co. NA grew its holdings in Liberty Broadband by 116.6% in the third quarter. Glenmede Trust Co. NA now owns 990 shares of the company’s stock valued at $76,000 after purchasing an additional 533 shares during the period. Paloma Partners Management Co purchased a new stake in shares of Liberty Broadband in the third quarter valued at approximately $54,000. Finally, US Bancorp DE raised its stake in shares of Liberty Broadband by 19.4% during the 3rd quarter. US Bancorp DE now owns 4,314 shares of the company’s stock worth $331,000 after buying an additional 700 shares during the period. 10.29% of the stock is owned by institutional investors and hedge funds.

Liberty Broadband Stock Performance

Shares of NASDAQ:LBRDA opened at $81.16 on Wednesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. Liberty Broadband Co. has a 1 year low of $47.17 and a 1 year high of $100.44. The firm has a market capitalization of $11.63 billion, a PE ratio of 14.95 and a beta of 1.08. The business’s 50 day moving average price is $78.53 and its 200-day moving average price is $77.68.

Liberty Broadband (NASDAQ:LBRDA) last announced its earnings results on Thursday, February 27th. The company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.31. The company had revenue of $263.00 million for the quarter, compared to analysts’ expectations of $252.50 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%.

Insider Activity at Liberty Broadband

In other Liberty Broadband news, CEO Gregory B. Maffei sold 71,500 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $82.00, for a total value of $5,863,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,827,013 shares of the company’s stock, valued at $231,815,066. This trade represents a 2.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 14.19% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on LBRDA. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and issued a $95.00 price target (up previously from $90.00) on shares of Liberty Broadband in a research note on Friday, November 15th. Rosenblatt Securities lowered shares of Liberty Broadband from a “buy” rating to a “neutral” rating and lifted their target price for the company from $91.00 to $92.00 in a research report on Thursday, November 14th.

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.