Global X MANAGEMENT CO LLC Acquires 623 Shares of Liberty Broadband Corporation (LBRDK)
Global X MANAGEMENT CO LLC lifted its position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 16.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,315 shares of the company’s stock after purchasing an additional 623 shares during the period. Global X MANAGEMENT CO LLC’s holdings in Liberty Broadband Corporation were worth $411,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Toronto Dominion Bank boosted its position in shares of Liberty Broadband Corporation by 12.4% in the second quarter. Toronto Dominion Bank now owns 1,316 shares of the company’s stock valued at $114,000 after acquiring an additional 145 shares during the period. Advisor Group Inc. boosted its position in shares of Liberty Broadband Corporation by 14.2% in the second quarter. Advisor Group Inc. now owns 1,674 shares of the company’s stock valued at $146,000 after acquiring an additional 208 shares during the period. Macquarie Group Ltd. lifted its position in Liberty Broadband Corporation by 260.0% during the second quarter. Macquarie Group Ltd. now owns 1,800 shares of the company’s stock valued at $156,000 after purchasing an additional 1,300 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in Liberty Broadband Corporation during the third quarter valued at approximately $200,000. Finally, Capstone Asset Management Co. lifted its position in Liberty Broadband Corporation by 3.4% during the second quarter. Capstone Asset Management Co. now owns 2,456 shares of the company’s stock valued at $213,000 after purchasing an additional 80 shares during the last quarter. 62.94% of the stock is currently owned by institutional investors.
In other news, Director John C. Malone sold 8,550 shares of the stock in a transaction that occurred on Monday, September 18th. The stock was sold at an average price of $98.11, for a total transaction of $838,840.50. Following the completion of the transaction, the director now directly owns 3,452,779 shares in the company, valued at approximately $338,752,147.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John C. Malone sold 66,920 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $100.58, for a total value of $6,730,813.60. Following the transaction, the director now owns 3,498,779 shares of the company’s stock, valued at $351,907,191.82. The disclosure for this sale can be found here. Insiders have sold a total of 208,520 shares of company stock worth $20,103,353 in the last 90 days. Company insiders own 10.80% of the company’s stock.
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Liberty Broadband Corporation (LBRDK) opened at $91.09 on Friday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 11.64 and a current ratio of 11.64. The stock has a market cap of $16,564.26, a PE ratio of 910.90 and a beta of 1.33. Liberty Broadband Corporation has a one year low of $68.15 and a one year high of $104.66.
A number of analysts have recently weighed in on LBRDK shares. TheStreet downgraded shares of Liberty Broadband Corporation from a “b” rating to a “c+” rating in a research report on Wednesday, August 16th. Zacks Investment Research raised shares of Liberty Broadband Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th.
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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