Categories: Insider Trading News

Liberty Broadband CEO Gregory Maffei sells $12.8 million in inventory


Gregory B. Maffei, the President and CEO of Liberty Broadband Corp (NASDAQ:LBRDA), a $10.94 billion market cap firm buying and selling at a P/E of 14.2, just lately executed a collection of inventory gross sales totaling roughly $12.8 million. The transactions, reported on December 19, 2024, concerned the sale of Collection C Frequent Inventory over two days, December 18 and 19. In keeping with InvestingPro information, the corporate maintains a GOOD monetary well being rating, with liquid belongings exceeding short-term obligations.

Maffei bought a complete of 137,733 shares, with sale costs starting from $77.3265 to $80.91 per share. Following these transactions, Maffei holds 1,398,523 shares straight. Moreover, he maintains oblique possession of 274,990 shares by means of the Maven 2016 – 1 GRAT and 137,683 shares by means of the Maven 2017 – 1 GRAT, that are trusts for the advantage of himself and his household. The inventory has proven robust momentum with a 50.77% return over the previous six months, and InvestingPro evaluation suggests the inventory is at the moment undervalued. Subscribers can entry 6 extra ProTips and complete valuation metrics within the Professional Analysis Report.

In different latest information, Liberty Broadband Company has been concerned in a number of important developments. Deutsche Financial institution (ETR:DBKGn) analyst Bryan Kraft has downgraded Liberty Broadband shares from Purchase to Maintain, regardless of elevating the worth goal to $95 from $90. This choice follows a definitive merger settlement between Liberty Broadband and Constitution Communications (NASDAQ:CHTR), and a latest improve in Constitution’s inventory worth.

Liberty Broadband’s monetary well being stays sturdy, with a money place of $168 million and its Constitution funding valued at $18.6 billion. Subsidiaries like GCI and TripAdvisor (NASDAQ:TRIP) have proven promising tendencies, with the previous seeing a income improve in Q3 and the latter reporting progress in month-to-month lively customers.

Liberty Broadband is at the moment in talks with Constitution Communications for a proposed all-stock deal geared toward streamlining company constructions. Regardless of experiencing a internet loss within the broadband sector, Constitution Communications reported progress in each income and adjusted EBITDA. The timeline for closing the Constitution deal is about for mid-2027, contemplating regulatory approvals and Liberty Broadband’s deleveraging efforts. These are latest developments that proceed to form the corporate’s future.

This text was generated with the help of AI and reviewed by an editor. For extra data see our T&C.

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