Blue Sky Asset Management LLC bought a new position in Liberty Broadband Corporation (NASDAQ:LBRDK) during the second quarter, Holdings Channel reports. The firm bought 4,530 shares of the company’s stock, valued at approximately $393,000.

A number of other institutional investors have also made changes to their positions in the company. Toronto Dominion Bank raised its position in shares of Liberty Broadband Corporation by 26.2% in the first quarter. Toronto Dominion Bank now owns 1,171 shares of the company’s stock worth $101,000 after buying an additional 243 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in shares of Liberty Broadband Corporation during the first quarter worth $186,000. Capstone Asset Management Co. acquired a new position in shares of Liberty Broadband Corporation during the first quarter worth $205,000. Appleton Partners Inc. MA acquired a new position in shares of Liberty Broadband Corporation during the first quarter worth $215,000. Finally, Cohen Klingenstein LLC acquired a new position in shares of Liberty Broadband Corporation during the first quarter worth $222,000. Institutional investors and hedge funds own 63.60% of the company’s stock.

Liberty Broadband Corporation (LBRDK) opened at 102.77 on Thursday. The stock’s 50 day moving average price is $90.69 and its 200 day moving average price is $87.58. The company has a market capitalization of $18.69 billion, a price-to-earnings ratio of 587.26 and a beta of 1.44. Liberty Broadband Corporation has a 12 month low of $63.64 and a 12 month high of $103.33.

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Several equities analysts have recently commented on LBRDK shares. Zacks Investment Research lowered Liberty Broadband Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. Morgan Stanley reiterated an “equal weight” rating and set a $95.00 price objective (up from $91.00) on shares of Liberty Broadband Corporation in a research report on Monday, July 17th.

In related news, Director John C. Malone sold 5,700 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $88.62, for a total value of $505,134.00. Following the sale, the director now directly owns 3,782,554 shares in the company, valued at $335,209,935.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John C. Malone sold 45,000 shares of the business’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $90.09, for a total value of $4,054,050.00. Following the completion of the sale, the director now owns 3,782,554 shares in the company, valued at $340,770,289.86. The disclosure for this sale can be found here. Insiders sold 96,700 shares of company stock worth $8,521,624 over the last quarter. 10.80% of the stock is owned by company insiders.

Liberty Broadband Corporation Company Profile

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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Institutional Ownership by Quarter for Liberty Broadband Corporation (NASDAQ:LBRDK)

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