Shufro Rose & Co. LLC Sells 209 Shares of Liberty Broadband Co. (NASDAQ:LBRDK)

Shufro Rose & Co. LLC trimmed its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDK) by 1.0% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,159 shares of the company’s stock after selling 209 shares during the quarter. Shufro Rose & Co. LLC’s holdings in Liberty Broadband were worth $1,705,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. CWM LLC lifted its holdings in Liberty Broadband by 6.1% in the 3rd quarter. CWM LLC now owns 1,957 shares of the company’s stock worth $179,000 after buying an additional 112 shares during the period. Wahed Invest LLC lifted its holdings in Liberty Broadband by 9.4% in the 3rd quarter. Wahed Invest LLC now owns 1,835 shares of the company’s stock worth $168,000 after buying an additional 157 shares during the period. Resonant Capital Advisors LLC lifted its holdings in Liberty Broadband by 3.4% in the 3rd quarter. Resonant Capital Advisors LLC now owns 5,254 shares of the company’s stock worth $480,000 after buying an additional 174 shares during the period. Daiwa Securities Group Inc. lifted its holdings in Liberty Broadband by 2.8% in the 3rd quarter. Daiwa Securities Group Inc. now owns 7,245 shares of the company’s stock worth $662,000 after buying an additional 200 shares during the period. Finally, Treasurer of the State of North Carolina lifted its holdings in Liberty Broadband by 0.4% in the 3rd quarter. Treasurer of the State of North Carolina now owns 52,654 shares of the company’s stock worth $4,808,000 after buying an additional 230 shares during the period. 80.22% of the stock is currently owned by institutional investors.

Insider Activity at Liberty Broadband

In related news, Director J David Wargo sold 11,000 shares of Liberty Broadband stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $57.33, for a total transaction of $630,630.00. Following the transaction, the director now directly owns 106,332 shares in the company, valued at $6,096,013.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have sold 45,000 shares of company stock worth $2,435,830. Corporate insiders own 10.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Citigroup lowered their target price on Liberty Broadband from $108.00 to $83.00 and set a “buy” rating for the company in a research note on Wednesday, February 7th.

Liberty Broadband Stock Down 0.3 %

Shares of Liberty Broadband stock traded down $0.14 on Friday, reaching $49.25. The company’s stock had a trading volume of 2,276,941 shares, compared to its average volume of 1,054,720. The company has a market capitalization of $7.04 billion, a price-to-earnings ratio of 10.55 and a beta of 0.95. The firm’s fifty day simple moving average is $55.23 and its two-hundred day simple moving average is $70.91. Liberty Broadband Co. has a 52 week low of $46.46 and a 52 week high of $95.68. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.42.

Liberty Broadband (NASDAQ:LBRDK) last issued its quarterly earnings data on Friday, February 16th. The company reported $1.39 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $227.82 million. Equities analysts anticipate that Liberty Broadband Co. will post 10.14 earnings per share for the current year.

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.