Julie D. Frist Sells 500 Shares of Liberty Broadband Co. (NASDAQ:LBRDA) Stock

Liberty Broadband Co. (NASDAQ:LBRDAGet Rating) Director Julie D. Frist sold 500 shares of the firm’s stock in a transaction on Thursday, January 27th. The shares were sold at an average price of $139.39, for a total value of $69,695.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Liberty Broadband Stock Performance

Shares of LBRDA opened at $115.53 on Friday. The company has a market capitalization of $18.81 billion, a price-to-earnings ratio of 21.12 and a beta of 0.96. The company has a debt-to-equity ratio of 0.42, a quick ratio of 1.02 and a current ratio of 1.02. Liberty Broadband Co. has a 1 year low of $99.52 and a 1 year high of $188.76. The company’s 50 day simple moving average is $114.26 and its 200 day simple moving average is $125.80.

Liberty Broadband (NASDAQ:LBRDAGet Rating) last posted its quarterly earnings data on Friday, May 6th. The company reported $1.77 earnings per share (EPS) for the quarter. Liberty Broadband had a return on equity of 9.79% and a net margin of 99.93%. The business had revenue of $238.00 million for the quarter. On average, sell-side analysts predict that Liberty Broadband Co. will post 16.31 EPS for the current year.

Institutional Trading of Liberty Broadband

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. KBC Group NV raised its position in shares of Liberty Broadband by 903.5% in the 2nd quarter. KBC Group NV now owns 222,067 shares of the company’s stock worth $25,216,000 after buying an additional 199,938 shares during the period. Freshford Capital Management LLC grew its holdings in shares of Liberty Broadband by 63.8% during the 1st quarter. Freshford Capital Management LLC now owns 392,582 shares of the company’s stock worth $51,452,000 after purchasing an additional 152,977 shares during the period. Seizert Capital Partners LLC increased its position in Liberty Broadband by 62.5% during the 1st quarter. Seizert Capital Partners LLC now owns 331,696 shares of the company’s stock worth $43,472,000 after purchasing an additional 127,629 shares in the last quarter. Stonehill Capital Management LLC purchased a new position in Liberty Broadband in the fourth quarter valued at approximately $19,469,000. Finally, California Public Employees Retirement System lifted its position in Liberty Broadband by 182.6% during the fourth quarter. California Public Employees Retirement System now owns 136,572 shares of the company’s stock valued at $21,974,000 after buying an additional 88,250 shares in the last quarter. Hedge funds and other institutional investors own 11.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Benchmark cut their target price on shares of Liberty Broadband to $201.00 in a research report on Friday, May 20th. TheStreet lowered Liberty Broadband from a “b-” rating to a “c+” rating in a research note on Wednesday, May 11th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Liberty Broadband from $196.00 to $158.00 in a research report on Tuesday, May 10th.

About Liberty Broadband

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Liberty Broadband Corporation engages in the communications businesses. It operates through GCI Holdings and Charter segments. The GCI Holdings segment provides a range of wireless, data, video, voice, and managed services to residential customers, businesses, governmental entities, and educational and medical institutions primarily in Alaska under the GCI brand.

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