Janney Montgomery Scott LLC Sells 1,452 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Janney Montgomery Scott LLC cut its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 6.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 20,513 shares of the company’s stock after selling 1,452 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Liberty Broadband were worth $1,534,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Groupama Asset Managment purchased a new stake in Liberty Broadband during the third quarter worth $25,000. Quarry LP purchased a new stake in shares of Liberty Broadband during the 3rd quarter worth $28,000. GAMMA Investing LLC lifted its stake in shares of Liberty Broadband by 200.7% during the 3rd quarter. GAMMA Investing LLC now owns 424 shares of the company’s stock worth $33,000 after purchasing an additional 283 shares during the last quarter. Capital Advisors Ltd. LLC grew its stake in Liberty Broadband by 75.8% in the third quarter. Capital Advisors Ltd. LLC now owns 443 shares of the company’s stock valued at $34,000 after purchasing an additional 191 shares during the last quarter. Finally, Brooklyn Investment Group bought a new position in Liberty Broadband in the third quarter worth about $82,000. Institutional investors own 80.22% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com started coverage on Liberty Broadband in a research note on Saturday. They set a “sell” rating on the stock.

Insider Transactions at Liberty Broadband

In related news, CEO Gregory B. Maffei sold 125,000 shares of the firm’s 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 of the company’s stock, valued at approximately $114,447,313.44. This trade represents a 8.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have sold a total of 196,542 shares of company stock worth $15,834,108 in the last quarter. Company insiders own 10.80% of the company’s stock.

Liberty Broadband Price Performance

NASDAQ:LBRDK opened at $76.07 on Tuesday. The firm has a market cap of $10.87 billion, a P/E ratio of 14.01 and a beta of 1.04. The stock has a 50 day moving average of $79.13 and a two-hundred day moving average of $74.80. Liberty Broadband Co. has a 12 month low of $46.46 and a 12 month high of $101.50. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40.

Liberty Broadband (NASDAQ:LBRDK) last issued its earnings results on Thursday, November 7th. The company reported $0.99 EPS for the quarter, missing analysts’ consensus estimates of $2.68 by ($1.69). The business had revenue of $262.00 million during the quarter, compared to analyst estimates of $237.41 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. During the same quarter last year, the company earned $1.10 earnings per share. On average, analysts expect that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal year.

Liberty Broadband Company 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.