Liberty Broadband Co. (NASDAQ:LBRDA) Shares Sold by New York State Common Retirement Fund

New York State Common Retirement Fund decreased its holdings in Liberty Broadband Co. (NASDAQ:LBRDA) by 1.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 12,352 shares of the company’s stock after selling 200 shares during the quarter. New York State Common Retirement Fund’s holdings in Liberty Broadband were worth $918,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB purchased a new position in Liberty Broadband during the 3rd quarter worth approximately $1,815,000. Verition Fund Management LLC acquired a new stake in shares of Liberty Broadband in the 3rd quarter valued at $6,402,000. Baupost Group LLC MA acquired a new stake in shares of Liberty Broadband in the 3rd quarter valued at $581,000. Barclays PLC lifted its stake in shares of Liberty Broadband by 244.6% in the 3rd quarter. Barclays PLC now owns 4,887 shares of the company’s stock valued at $375,000 after purchasing an additional 3,469 shares during the last quarter. Finally, Stifel Financial Corp acquired a new stake in shares of Liberty Broadband in the 3rd quarter valued at $1,235,000. Institutional investors and hedge funds own 10.29% of the company’s stock.

Insider Transactions at Liberty Broadband

In other news, CEO Gregory B. Maffei sold 125,000 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $79.74, for a total transaction of $9,967,500.00. Following the transaction, the chief executive officer now owns 1,435,256 shares in the company, valued at approximately $114,447,313.44. The trade was a 8.01 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 14.19% of the company’s stock.

Liberty Broadband Stock Up 2.5 %

Liberty Broadband stock opened at $83.54 on Tuesday. The firm has a market cap of $11.93 billion, a price-to-earnings ratio of 15.38 and a beta of 1.07. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.07 and a quick ratio of 2.07. Liberty Broadband Co. has a fifty-two week low of $47.17 and a fifty-two week high of $100.44. The firm has a fifty day moving average price of $77.43 and a two-hundred day moving average price of $76.67.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on the stock. Rosenblatt Securities lowered shares of Liberty Broadband from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $91.00 to $92.00 in a research note on Thursday, November 14th. Deutsche Bank Aktiengesellschaft reissued a “hold” rating and set a $95.00 target price (up previously from $90.00) on shares of Liberty Broadband in a research report on Friday, November 15th.

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. 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.