Liberty Broadband Co. (NASDAQ:LBRDK – Get Free Report) Director J David Wargo sold 15,000 shares of the company’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of $51.98, for a total transaction of $779,700.00. Following the transaction, the director now owns 72,332 shares in the company, valued at approximately $3,759,817.36. The sale was disclosed in a filing with the SEC, which is available at this link.
J David Wargo also recently made the following trade(s):
- On Friday, April 5th, J David Wargo sold 10,000 shares of Liberty Broadband stock. The shares were sold at an average price of $51.43, for a total value of $514,300.00.
- On Thursday, March 7th, J David Wargo sold 9,000 shares of Liberty Broadband stock. The stock was sold at an average price of $56.80, for a total value of $511,200.00.
- On Tuesday, March 5th, J David Wargo sold 11,000 shares of Liberty Broadband stock. The stock was sold at an average price of $57.33, for a total value of $630,630.00.
Liberty Broadband Price Performance
Shares of LBRDK opened at $49.50 on Thursday. The business’s 50-day moving average is $58.62 and its two-hundred day moving average is $74.36. The company has a market capitalization of $7.08 billion, a P/E ratio of 10.60 and a beta of 0.95. Liberty Broadband Co. has a fifty-two week low of $49.16 and a fifty-two week high of $95.68. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.42 and a current ratio of 2.42.
Institutional Investors Weigh In On Liberty Broadband
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. CWM LLC lifted its stake in shares of Liberty Broadband by 6.1% in the 3rd quarter. CWM LLC now owns 1,957 shares of the company’s stock valued at $179,000 after purchasing an additional 112 shares during the period. State of Wyoming raised its position in shares of Liberty Broadband by 33.7% in the second quarter. State of Wyoming now owns 472 shares of the company’s stock worth $38,000 after acquiring an additional 119 shares during the period. Integrated Wealth Concepts LLC raised its position in shares of Liberty Broadband by 3.7% in the second quarter. Integrated Wealth Concepts LLC now owns 3,850 shares of the company’s stock worth $308,000 after acquiring an additional 138 shares during the period. Captrust Financial Advisors boosted its stake in shares of Liberty Broadband by 3.3% during the 2nd quarter. Captrust Financial Advisors now owns 4,340 shares of the company’s stock worth $502,000 after acquiring an additional 139 shares in the last quarter. Finally, Wahed Invest LLC grew its position in shares of Liberty Broadband by 9.4% during the 3rd 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 period. Institutional investors and hedge funds own 80.22% of the company’s stock.
Wall Street Analyst Weigh In
Separately, Citigroup dropped their target price on Liberty Broadband from $108.00 to $83.00 and set a “buy” rating on the stock in a research report on Wednesday, February 7th.
View Our Latest Stock Analysis on Liberty Broadband
About Liberty Broadband
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.
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