Liberty Broadband Corporation (LBRDK) to Release Quarterly Earnings on Thursday
Liberty Broadband Corporation (NASDAQ:LBRDK) is scheduled to be announcing its earnings results before the market opens on Thursday, November 9th. Analysts expect the company to announce earnings of $0.25 per share for the quarter.
In related news, Director John C. Malone sold 8,550 shares of the stock in a transaction on Monday, September 18th. The stock was sold at an average price of $98.11, for a total transaction of $838,840.50. Following the completion of the sale, the director now directly owns 3,452,779 shares in the company, valued at $338,752,147.69. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John C. Malone sold 45,000 shares of the stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $93.32, for a total value of $4,199,400.00. Following the sale, the director now owns 3,418,279 shares of the company’s stock, valued at $318,993,796.28. The disclosure for this sale can be found here. Insiders sold 208,520 shares of company stock valued at $20,103,353 in the last 90 days. Corporate insiders own 10.80% of the company’s stock.
LBRDK has been the subject of a number of research analyst reports. TheStreet lowered Liberty Broadband Corporation from a “b” rating to a “c+” rating in a report on Wednesday, August 16th. Morgan Stanley restated an “equal weight” rating and issued a $95.00 target price (up previously from $91.00) on shares of Liberty Broadband Corporation in a report on Monday, July 17th. Finally, Zacks Investment Research upgraded Liberty Broadband Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th.
About Liberty Broadband Corporation
Liberty Broadband Corporation holds interest in Charter Communications, Inc (Charter) and its subsidiary Skyhook Holding, Inc (Skyhook). The Company’s segments include Skyhook, Charter, and Corporate and other. Skyhook provides a wireless fidelity (Wi-Fi)-based location platform focused on providing positioning technology and contextual location intelligence solutions.
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