Zurcher Kantonalbank Zurich Cantonalbank Sells 689 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in Liberty Broadband Co. (NASDAQ:LBRDK) by 3.0% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,034 shares of the company’s stock after selling 689 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Liberty Broadband were worth $1,776,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. OFI Invest Asset Management bought a new stake in Liberty Broadband in the third quarter worth $26,000. Milestone Investment Advisors LLC bought a new position in Liberty Broadband during the third quarter valued at $57,000. CoreFirst Bank & Trust bought a new position in Liberty Broadband during the third quarter valued at $100,000. Ulland Investment Advisors LLC increased its position in Liberty Broadband by 34.6% during the fourth quarter. Ulland Investment Advisors LLC now owns 1,810 shares of the company’s stock valued at $146,000 after acquiring an additional 465 shares during the last quarter. Finally, Wahed Invest LLC increased its position in Liberty Broadband by 9.4% during the third quarter. Wahed Invest LLC now owns 1,835 shares of the company’s stock valued at $168,000 after acquiring an additional 157 shares during the last quarter. Institutional investors own 80.22% of the company’s stock.

Insider Buying and Selling at Liberty Broadband

In other Liberty Broadband news, Director J David Wargo sold 9,000 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of $56.80, for a total transaction of $511,200.00. Following the completion of the sale, the director now directly owns 97,332 shares of the company’s stock, valued at $5,528,457.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last ninety days, insiders sold 45,000 shares of company stock valued at $2,435,830. 10.80% of the stock is currently owned by insiders.

Liberty Broadband Stock Performance

LBRDK stock opened at $50.01 on Thursday. Liberty Broadband Co. has a twelve month low of $47.87 and a twelve month high of $95.68. The firm’s fifty day simple moving average is $55.67 and its two-hundred day simple moving average is $71.50. The stock has a market capitalization of $7.15 billion, a price-to-earnings ratio of 10.71 and a beta of 0.95. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.42.

Liberty Broadband (NASDAQ:LBRDK) last released its quarterly earnings data on Friday, February 16th. The company reported $1.39 earnings per share for the quarter, missing analysts’ consensus estimates of $2.62 by ($1.23). The business had revenue of $250.00 million during the quarter, compared to analysts’ expectations of $227.82 million. Liberty Broadband had a return on equity of 7.76% and a net margin of 70.13%. As a group, analysts anticipate that Liberty Broadband Co. will post 10.14 earnings per share for the current year.

Analyst Ratings Changes

Separately, Citigroup cut their price objective on shares of Liberty Broadband from $108.00 to $83.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th.

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.