Thursday, September 07, 2017 10:15 PM ET
Significant Insider Selling in Shares of Liberty Broadband (LBRDA) Continues
There was a substantial insider sale of Liberty Broadband shares today, as indicated in a filing with the SEC as — John C Malone, 10% Owner and Director — sold 46,000 shares in the company having a market value of approximately $4,643,039 There was one insider buy/sell transaction in the past 90 days prior to this transaction which resulted in the sale of 453,875 shares. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 499,875 shares and have averaged 249,938 shares per transaction over this time period.
The number of buy-sell trades for Liberty Broadband is close to that of the 14 member peer company average. The Cable Service Providers peer group saw 22 buy/sell trades during this period for an average of 1.6 transactions per company. However, the number of shares per buy/sell trade transacted by Liberty Broadband insiders is higher. Within the peer group there were 0 shares purchased and 2,160,814 shares sold with company insiders having sold 98,219 shares on average.
The data sourced in composing and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
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