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Who is the Top Investor In Liberty Broadband Corp (LBRDK)?

Liberty Broadband Corp (NASDAQ: LBRDK) is -33.79% lower on its value in year-to-date trading and has touched a low of $54.09 and a high of $95.68 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The LBRDK stock was last observed hovering at around $54.28 in the last trading session, with the day’s loss setting it -0.92%.

Currently trading at $53.36, the stock is -6.41% and -14.93% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.93 million and changing -1.69% at the moment leaves the stock -32.82% off its SMA200. LBRDK registered -34.69% loss for a year compared to 6-month loss of -40.91%. The firm has a 50-day simple moving average (SMA 50) of $11.64 and a 200-day simple moving average (SMA200) of $8.62.

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The stock witnessed a -6.44% gain in the last 1 month and extending the period to 3 months gives it a -34.38%, and is -3.86% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.71% over the week and 2.75% over the month.

Liberty Broadband Corp (LBRDK) has around 1900 employees, a market worth around $7.63B and $981.00M in sales. Current P/E ratio is 11.33 and Fwd P/E is 6.82. Profit margin for the company is 70.13%. Distance from 52-week low is -1.35% and -44.23% from its 52-week high. The company has generated returns on investments over the last 12 months (5.26%).

Liberty Broadband Corp quarterly earnings per share for the current quarter are estimated at $1.36 with sales reaching $251M over the same period.The EPS is expected to grow by 62.22% this year, but quarterly earnings will post 1.70% year-over-year. Quarterly sales are estimated to grow 2.00% in year-over-year returns.

674 institutions hold shares in Liberty Broadband Corp (LBRDK), with institutional investors hold 102.90% of the company’s shares. The shares outstanding are 123.70M, and float is at 112.99M with Short Float at 5.24%. Institutions hold 94.75% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 11.1 million shares valued at $889.04 million. The investor’s holdings represent 8.81% of the LBRDK Shares outstanding. As of Jun 29, 2023, the second largest holder is UBS Group AG with 7.09 million shares valued at $567.95 million to account for 5.63% of the shares outstanding. The other top investors are Blackrock Inc. which holds 6.99 million shares representing 5.55% and valued at over $559.9 million, while Eagle Capital Management LLC holds 5.37% of the shares totaling 6.77 million with a market value of $542.29 million.

Liberty Broadband Corp (LBRDK) Insider Activity

The most recent transaction is an insider sale by WARGO J DAVID, the company’s Director. SEC filings show that WARGO J DAVID sold 9,000 shares of the company’s common stock on Mar 07 ’24 at a price of $56.80 per share for a total of $0.51 million. Following the sale, the insider now owns 97332.0 shares.

Liberty Broadband Corp disclosed in a document filed with the SEC on Mar 05 ’24 that WARGO J DAVID (Director) sold a total of 11,000 shares of the company’s common stock. The trade occurred on Mar 05 ’24 and was made at $57.33 per share for $0.63 million. Following the transaction, the insider now directly holds 0.11 million shares of the LBRDK stock.

Still, SEC filings show that on Nov 15 ’23, WELSH JOHN E III (Director) disposed off 4,152 shares at an average price of $83.74 for $0.35 million. The insider now directly holds 3,917 shares of Liberty Broadband Corp (LBRDK).

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