Liberty Broadband Co. (NASDAQ:LBRDK) Shares Sold by Vestor Capital LLC

Vestor Capital LLC decreased its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 40.0% during the fourth quarter, HoldingsChannel reports. The firm owned 512 shares of the company’s stock after selling 341 shares during the quarter. Vestor Capital LLC’s holdings in Liberty Broadband were worth $41,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. Gryphon Financial Partners LLC increased its stake in Liberty Broadband by 88.1% during the 4th quarter. Gryphon Financial Partners LLC now owns 6,440 shares of the company’s stock valued at $519,000 after purchasing an additional 3,016 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Liberty Broadband by 5.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 490,650 shares of the company’s stock valued at $39,541,000 after acquiring an additional 26,960 shares during the last quarter. Machina Capital S.A.S. boosted its holdings in shares of Liberty Broadband by 861.2% in the 4th quarter. Machina Capital S.A.S. now owns 81,943 shares of the company’s stock valued at $6,604,000 after acquiring an additional 73,418 shares during the last quarter. Metis Global Partners LLC boosted its holdings in shares of Liberty Broadband by 7.9% in the 4th quarter. Metis Global Partners LLC now owns 10,962 shares of the company’s stock valued at $883,000 after acquiring an additional 798 shares during the last quarter. Finally, Amalgamated Bank boosted its holdings in shares of Liberty Broadband by 23.3% in the 4th quarter. Amalgamated Bank now owns 13,989 shares of the company’s stock valued at $1,127,000 after acquiring an additional 2,648 shares during the last quarter. Institutional investors and hedge funds own 80.22% of the company’s stock.

Liberty Broadband Stock Performance

Shares of LBRDK stock traded down $1.38 during trading hours on Thursday, hitting $51.48. The company’s stock had a trading volume of 1,251,888 shares, compared to its average volume of 1,285,042. The company has a 50 day moving average of $53.60 and a 200 day moving average of $68.48. The stock has a market cap of $7.36 billion, a PE ratio of 11.02 and a beta of 0.97. The company has a current ratio of 2.42, a quick ratio of 2.42 and a debt-to-equity ratio of 0.42. Liberty Broadband Co. has a 12-month low of $46.46 and a 12-month high of $95.68.

Liberty Broadband (NASDAQ:LBRDK) last announced its quarterly earnings results on Friday, February 16th. The company reported $1.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.62 by ($1.23). Liberty Broadband had a return on equity of 7.76% and a net margin of 70.13%. The firm had revenue of $250.00 million for the quarter, compared to analysts’ expectations of $227.82 million. On average, sell-side analysts forecast that Liberty Broadband Co. will post 10.14 EPS for the current fiscal year.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, Director J David Wargo sold 9,000 shares of the stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $56.80, for a total transaction of $511,200.00. Following the sale, the director now directly owns 97,332 shares of the company’s stock, valued at $5,528,457.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Over the last three months, insiders have sold 45,000 shares of company stock valued at $2,435,830. Corporate insiders own 10.80% of the company’s stock.

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.