Bamco Inc. NY continued to hold its stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDA) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 100,000 shares of the company’s stock at the close of the second quarter. Bamco Inc. NY owned about 0.38% of Liberty Broadband Corporation worth $8,579,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. BlackRock Inc. raised its holdings in Liberty Broadband Corporation by 20,817.7% in the 1st quarter. BlackRock Inc. now owns 1,567,360 shares of the company’s stock valued at $133,368,000 after buying an additional 1,559,867 shares during the period. FMR LLC raised its holdings in Liberty Broadband Corporation by 32.5% in the 1st quarter. FMR LLC now owns 1,722,101 shares of the company’s stock valued at $146,534,000 after buying an additional 422,727 shares during the period. Artemis Investment Management LLP raised its holdings in Liberty Broadband Corporation by 40.6% in the 2nd quarter. Artemis Investment Management LLP now owns 669,279 shares of the company’s stock valued at $58,050,000 after buying an additional 193,130 shares during the period. Bank of America Corp DE raised its holdings in Liberty Broadband Corporation by 174.7% in the 1st quarter. Bank of America Corp DE now owns 236,702 shares of the company’s stock valued at $20,141,000 after buying an additional 150,521 shares during the period. Finally, Scopus Asset Management L.P. purchased a new stake in Liberty Broadband Corporation in the 1st quarter valued at about $9,785,000. 11.85% of the stock is currently owned by hedge funds and other institutional investors.

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Shares of Liberty Broadband Corporation (NASDAQ:LBRDA) opened at 94.18 on Friday. The firm’s 50-day moving average is $99.79 and its 200-day moving average is $89.69. The stock has a market capitalization of $17.12 billion, a price-to-earnings ratio of 554.00 and a beta of 1.48. Liberty Broadband Corporation has a 52 week low of $61.69 and a 52 week high of $104.35.

In other Liberty Broadband Corporation news, Director John C. Malone sold 5,700 shares of Liberty Broadband Corporation stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $88.62, for a total transaction of $505,134.00. Following the sale, the director now directly owns 3,782,554 shares in the company, valued at approximately $335,209,935.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John C. Malone sold 45,000 shares of Liberty Broadband Corporation stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $94.21, for a total value of $4,239,450.00. Following the sale, the director now owns 3,452,779 shares in the company, valued at $325,286,309.59. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 513,425 shares of company stock worth $50,350,602. Company insiders own 6.09% of the company’s stock.

Several brokerages recently issued reports on LBRDA. Telsey Advisory Group restated an “outperform” rating and issued a $125.00 price objective (up from $95.00) on shares of Liberty Broadband Corporation in a report on Thursday, September 7th. TheStreet lowered shares of Liberty Broadband Corporation from a “b” rating to a “c+” rating in a research note on Wednesday, August 16th. Pivotal Research reiterated a “buy” rating and set a $108.00 price target (up from $107.00) on shares of Liberty Broadband Corporation in a research note on Tuesday, August 15th. Finally, BidaskClub upgraded shares of Liberty Broadband Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. One equities research analyst has rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. Liberty Broadband Corporation has an average rating of “Buy” and an average price target of $111.67.

Liberty Broadband Corporation 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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