Proficio Capital Partners LLC Acquires New Holdings in Liberty Broadband Co. (NASDAQ:LBRDA)

Proficio Capital Partners LLC bought a new position in shares of Liberty Broadband Co. (NASDAQ:LBRDA) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 59,042 shares of the company’s stock, valued at approximately $4,390,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Scheer Rowlett & Associates Investment Management Ltd. acquired a new stake in shares of Liberty Broadband during the third quarter valued at about $253,000. Integrated Investment Consultants LLC bought a new position in Liberty Broadband in the 3rd quarter valued at approximately $258,000. Dynamic Technology Lab Private Ltd acquired a new stake in Liberty Broadband during the 3rd quarter worth approximately $353,000. Mirabella Financial Services LLP bought a new stake in Liberty Broadband during the 3rd quarter worth approximately $3,669,000. Finally, FMR LLC increased its position in Liberty Broadband by 1.0% in the 3rd quarter. FMR LLC now owns 2,761,528 shares of the company’s stock valued at $212,141,000 after acquiring an additional 26,241 shares during the period. Institutional investors own 10.29% of the company’s stock.

Insider Buying and Selling

In other Liberty Broadband news, CEO Gregory B. Maffei sold 125,000 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $79.74, for a total transaction of $9,967,500.00. Following the completion of the sale, the chief executive officer now directly owns 1,435,256 shares in the company, valued at approximately $114,447,313.44. This trade represents a 8.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 14.19% of the stock is owned by insiders.

Liberty Broadband Price Performance

Shares of NASDAQ:LBRDA opened at $81.65 on Tuesday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07. Liberty Broadband Co. has a 52 week low of $47.17 and a 52 week high of $100.44. The firm has a market cap of $11.70 billion, a PE ratio of 15.04 and a beta of 1.08. The firm’s fifty day moving average is $78.91 and its 200-day moving average is $78.20.

Liberty Broadband (NASDAQ:LBRDA) last announced its earnings results on Thursday, February 27th. The company reported $2.04 EPS for the quarter, topping the consensus estimate of $1.73 by $0.31. The firm had revenue of $263.00 million for the quarter, compared to the consensus estimate of $252.50 million. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%.

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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.