Ameriprise Financial Inc. lowered its position in shares of Liberty Broadband Corporation (NASDAQ:LBRDA) by 1.2% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 10,751 shares of the company’s stock after selling 129 shares during the period. Ameriprise Financial Inc.’s holdings in Liberty Broadband Corporation were worth $924,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. KCG Holdings Inc. bought a new position in shares of Liberty Broadband Corporation during the first quarter worth about $246,000. Janney Montgomery Scott LLC grew its position in shares of Liberty Broadband Corporation by 5.9% during the second quarter. Janney Montgomery Scott LLC now owns 2,999 shares of the company’s stock worth $257,000 after acquiring an additional 166 shares during the last quarter. Paloma Partners Management Co bought a new position in shares of Liberty Broadband Corporation during the first quarter worth about $294,000. Pacer Advisors Inc. grew its position in shares of Liberty Broadband Corporation by 8.2% during the second quarter. Pacer Advisors Inc. now owns 4,192 shares of the company’s stock worth $360,000 after acquiring an additional 319 shares during the last quarter. Finally, Aperio Group LLC grew its position in shares of Liberty Broadband Corporation by 35.0% during the second quarter. Aperio Group LLC now owns 4,681 shares of the company’s stock worth $402,000 after acquiring an additional 1,214 shares during the last quarter. Institutional investors and hedge funds own 11.85% of the company’s stock.

Several research firms have recently commented on LBRDA. TheStreet lowered shares of Liberty Broadband Corporation from a “b” rating to a “c+” rating in a research report on Wednesday, August 16th. Pivotal Research reiterated a “buy” rating and issued a $108.00 target price (up previously from $107.00) on shares of Liberty Broadband Corporation in a research report on Tuesday, August 15th. BidaskClub upgraded shares of Liberty Broadband Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Finally, Telsey Advisory Group reiterated an “outperform” rating and issued a $125.00 target price (up previously from $95.00) on shares of Liberty Broadband Corporation in a research report on Thursday, September 7th. Three research analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $111.67.

In other news, Director John C. Malone sold 45,000 shares of the firm’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $93.32, for a total transaction of $4,199,400.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John C. Malone sold 8,550 shares of the firm’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $94.87, for a total transaction of $811,138.50. The disclosure for this sale can be found here. Insiders sold a total of 493,275 shares of company stock valued at $48,719,421 in the last quarter. 6.09% of the stock is currently owned by insiders.

Liberty Broadband Corporation (NASDAQ LBRDA) opened at $87.09 on Thursday. The stock has a market cap of $16,132.14, a PE ratio of 521.88 and a beta of 1.37. The company has a debt-to-equity ratio of 0.06, a current ratio of 11.64 and a quick ratio of 11.64. Liberty Broadband Corporation has a 12-month low of $64.77 and a 12-month high of $104.35.

Liberty Broadband Corporation (NASDAQ:LBRDA) last announced its earnings results on Thursday, November 9th. The company reported ($0.05) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.08). Liberty Broadband Corporation had a net margin of 142.94% and a return on equity of 0.22%.

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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.

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

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