Liberty Broadband Co. (NASDAQ:LBRDA) Director J David Wargo Sells 10,000 Shares

Liberty Broadband Co. (NASDAQ:LBRDA) Director J David Wargo sold 10,000 shares of the company’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $51.43, for a total value of $514,300.00. Following the completion of the transaction, the director now directly owns 87,332 shares in the company, valued at approximately $4,491,484.76. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

J David Wargo also recently made the following trade(s):

• On Monday, April 8th, J David Wargo sold 15,000 shares of Liberty Broadband stock. The shares were sold at an average price of $51.98, for a total transaction of $779,700.00.
• On Thursday, March 7th, J David Wargo sold 9,000 shares of Liberty Broadband stock. The shares were sold at an average price of $56.80, for a total transaction of $511,200.00.
• On Tuesday, March 5th, J David Wargo sold 11,000 shares of Liberty Broadband stock. The shares were sold at an average price of $57.33, for a total transaction of $630,630.00.

Liberty Broadband Trading Down 5.1 %

LBRDA opened at $49.70 on Thursday. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.42. The firm has a market cap of $7.10 billion, a P/E ratio of 10.64, a P/E/G ratio of 0.11 and a beta of 0.98. Liberty Broadband Co. has a 52 week low of $49.35 and a 52 week high of $95.61. The business has a fifty day simple moving average of $58.53 and a 200-day simple moving average of $74.22.

Liberty Broadband (NASDAQ:LBRDA) last released its earnings results on Friday, February 16th. The company reported $1.39 earnings per share for the quarter. Liberty Broadband had a return on equity of 7.76% and a net margin of 70.13%. The company had revenue of $250.00 million during the quarter, compared to the consensus estimate of $250.00 million. On average, equities analysts expect that Liberty Broadband Co. will post 12.03 earnings per share for the current year.

Institutional Investors Weigh In On Liberty Broadband

Hedge funds and other institutional investors have recently modified their holdings of the company. Principal Securities Inc. purchased a new position in shares of Liberty Broadband in the 4th quarter valued at $51,000. Prudential PLC acquired a new stake in shares of Liberty Broadband during the first quarter worth about $58,000. MetLife Investment Management LLC purchased a new stake in shares of Liberty Broadband in the 1st quarter valued at about $61,000. Point72 Middle East FZE acquired a new stake in shares of Liberty Broadband in the 4th quarter valued at about $89,000. Finally, Citigroup Inc. grew its stake in Liberty Broadband by 111.5% during the 2nd quarter. Citigroup Inc. now owns 1,180 shares of the company’s stock worth $94,000 after buying an additional 622 shares during the last quarter. 10.29% of the stock is currently owned by institutional investors and hedge funds.

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.