Liberty Broadband Co. (NASDAQ:LBRDA) Shares Sold by Private Management Group Inc.

Private Management Group Inc. decreased its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDA) by 29.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 212,634 shares of the company’s stock after selling 87,095 shares during the quarter. Private Management Group Inc. owned approximately 0.15% of Liberty Broadband worth $15,811,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of LBRDA. Signaturefd LLC grew its position in shares of Liberty Broadband by 9.1% during the third quarter. Signaturefd LLC now owns 2,119 shares of the company’s stock worth $163,000 after acquiring an additional 177 shares during the last quarter. Franklin Resources Inc. acquired a new stake in shares of Liberty Broadband in the third quarter valued at approximately $30,000. GAMMA Investing LLC raised its holdings in shares of Liberty Broadband by 161.8% during the third quarter. GAMMA Investing LLC now owns 631 shares of the company’s stock valued at $48,000 after buying an additional 390 shares during the last quarter. Glenmede Trust Co. NA boosted its position in shares of Liberty Broadband by 116.6% during the third quarter. Glenmede Trust Co. NA now owns 990 shares of the company’s stock worth $76,000 after buying an additional 533 shares during the period. Finally, Paloma Partners Management Co bought a new position in Liberty Broadband in the 3rd quarter worth approximately $54,000. Institutional investors own 10.29% of the company’s stock.

Liberty Broadband Stock Up 1.6 %

Shares of LBRDA stock opened at $76.38 on Thursday. Liberty Broadband Co. has a 1 year low of $47.17 and a 1 year high of $100.44. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. The business’s fifty day moving average is $78.11 and its 200-day moving average is $74.31. The stock has a market cap of $10.91 billion, a PE ratio of 14.07 and a beta of 1.07.

Liberty Broadband (NASDAQ:LBRDA) last released its earnings results on Thursday, November 7th. The company reported $0.99 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.66). Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The firm had revenue of $262.00 million for the quarter, compared to analyst estimates of $242.40 million. During the same period in the previous year, the firm earned $1.10 earnings per share.

Insider Activity

In other news, CEO Gregory B. Maffei sold 125,000 shares of the business’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $79.74, for a total transaction of $9,967,500.00. Following the sale, the chief executive officer now directly owns 1,435,256 shares of the company’s stock, valued at $114,447,313.44. The trade was a 8.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last quarter, insiders sold 196,542 shares of company stock worth $15,834,108. Corporate insiders own 14.19% of the company’s stock.

Analysts Set New Price Targets

LBRDA has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “hold” rating and set a $95.00 target price (up previously from $90.00) on shares of Liberty Broadband in a research note on Friday, November 15th. Rosenblatt Securities downgraded shares of Liberty Broadband from a “buy” rating to a “neutral” rating and upped their price objective for the stock from $91.00 to $92.00 in a 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.