31,650 Shares in Liberty Broadband Corporation $LBRDK Purchased by Elser Financial Planning Inc

Elser Financial Planning Inc purchased a new stake in Liberty Broadband Corporation (NASDAQ:LBRDK) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 31,650 shares of the company’s stock, valued at approximately $1,538,000. Liberty Broadband makes up approximately 1.1% of Elser Financial Planning Inc’s holdings, making the stock its 17th biggest holding.

Several other institutional investors also recently bought and sold shares of the company. Johnson Financial Group Inc. purchased a new stake in Liberty Broadband during the 3rd quarter worth approximately $42,000. Mather Group LLC. purchased a new position in shares of Liberty Broadband in the third quarter valued at approximately $47,000. Danske Bank A S purchased a new position in shares of Liberty Broadband in the third quarter valued at approximately $51,000. Quent Capital LLC acquired a new stake in shares of Liberty Broadband in the third quarter worth approximately $53,000. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Liberty Broadband by 59.3% in the second quarter. EverSource Wealth Advisors LLC now owns 733 shares of the company’s stock worth $72,000 after acquiring an additional 273 shares during the last quarter. 80.22% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Liberty Broadband news, Director J David Wargo sold 2,232 shares of the firm’s stock in a transaction that occurred on Tuesday, February 10th. The shares were sold at an average price of $57.61, for a total value of $128,585.52. Following the transaction, the director directly owned 471 shares of the company’s stock, valued at $27,134.31. This trade represents a 82.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 10.80% of the company’s stock.

Liberty Broadband Stock Performance

LBRDK opened at $50.30 on Wednesday. The firm has a market capitalization of $7.22 billion, a PE ratio of -2.69 and a beta of 0.95. Liberty Broadband Corporation has a twelve month low of $42.10 and a twelve month high of $104.00. The firm’s 50-day moving average price is $51.31 and its 200 day moving average price is $52.01. The company has a current ratio of 0.10, a quick ratio of 0.10 and a debt-to-equity ratio of 0.14.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reissued a “sell (d)” rating on shares of Liberty Broadband in a research note on Friday. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat, the company currently has an average rating of “Sell”.

About Liberty Broadband

Liberty Broadband Corporation is a publicly traded holding company that principally invests in broadband and cable businesses. Established in 2014 as a spin-off from Liberty Interactive Corporation, the company was designed to provide investors with targeted exposure to high-growth broadband assets. Headquartered in Englewood, Colorado, Liberty Broadband uses a tracking-stock structure to reflect the performance of its key investments rather than operating a stand-alone service business.

The company’s primary asset is its substantial equity interest in Charter Communications, one of the largest cable and broadband providers in the United States.