GAM Holding AG reduced its position in shares of Liberty Broadband Corporation (NASDAQ:LBRDA) by 6.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,720 shares of the company’s stock after selling 1,280 shares during the period. GAM Holding AG’s holdings in Liberty Broadband Corporation were worth $1,606,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. MAI Capital Management bought a new position in shares of Liberty Broadband Corporation during the first quarter valued at approximately $210,000. Mraz Amerine & Associates Inc. bought a new position in shares of Liberty Broadband Corporation during the first quarter valued at approximately $222,000. M&T Bank Corp bought a new position in shares of Liberty Broadband Corporation during the first quarter valued at approximately $225,000. Great Lakes Advisors LLC bought a new position in shares of Liberty Broadband Corporation during the first quarter valued at approximately $229,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of Liberty Broadband Corporation during the first quarter valued at approximately $241,000. 81.97% of the stock is owned by institutional investors.

Liberty Broadband Corporation (NASDAQ LBRDA) opened at 100.25 on Thursday. Liberty Broadband Corporation has a 12 month low of $61.69 and a 12 month high of $104.35. The company has a market cap of $18.23 billion, a PE ratio of 589.71 and a beta of 1.48. The stock’s 50 day moving average is $94.85 and its 200 day moving average is $87.93.

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Several brokerages have recently commented on LBRDA. Pivotal Research reaffirmed a “buy” rating and set a $108.00 price target (up previously from $107.00) on shares of Liberty Broadband Corporation in a research report on Tuesday, August 15th. BidaskClub raised shares of Liberty Broadband Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, July 1st. TheStreet cut shares of Liberty Broadband Corporation from a “b” rating to a “c+” rating in a research report on Wednesday, August 16th. Finally, Zacks Investment Research raised shares of Liberty Broadband Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, May 16th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $101.67.

In other Liberty Broadband Corporation news, Director John C. Malone sold 11,400 shares of Liberty Broadband Corporation stock in a transaction dated Tuesday, August 15th. The stock was sold at an average price of $101.98, for a total transaction of $1,162,572.00. Following the completion of the sale, the director now directly owns 3,748,054 shares of the company’s stock, valued at approximately $382,226,546.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John C. Malone sold 111,920 shares of Liberty Broadband Corporation stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $100.64, for a total value of $11,263,628.80. Following the sale, the director now directly owns 3,498,779 shares of the company’s stock, valued at $352,117,118.56. The disclosure for this sale can be found here. Over the last quarter, insiders sold 453,875 shares of company stock valued at $44,135,871. 6.09% of the stock is currently owned by company insiders.

About Liberty Broadband Corporation

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:LBRDA)

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