Strs Ohio boosted its position in Liberty Broadband Corporation (NASDAQ:LBRDK) by 8.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,407 shares of the company’s stock after buying an additional 1,241 shares during the period. Strs Ohio’s holdings in Liberty Broadband Corporation were worth $1,423,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of LBRDK. Toronto Dominion Bank increased its position in 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 during the last quarter. Oppenheimer Asset Management Inc. bought a new position in Liberty Broadband Corporation during the first quarter worth about $186,000. Capstone Asset Management Co. bought a new position in Liberty Broadband Corporation during the first quarter worth about $205,000. Appleton Partners Inc. MA bought a new position in Liberty Broadband Corporation during the first quarter worth about $215,000. Finally, Cohen Klingenstein LLC bought a new position in Liberty Broadband Corporation during the first quarter worth about $222,000. Hedge funds and other institutional investors own 63.60% of the company’s stock.

Liberty Broadband Corporation (NASDAQ:LBRDK) opened at 101.64 on Friday. The company’s 50 day moving average is $91.58 and its 200-day moving average is $87.84. Liberty Broadband Corporation has a 52-week low of $63.64 and a 52-week high of $103.33. The firm has a market cap of $18.48 billion, a P/E ratio of 597.88 and a beta of 1.44.

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A number of research analysts recently issued reports on LBRDK shares. Zacks Investment Research downgraded shares of Liberty Broadband Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, May 30th. Morgan Stanley reiterated an “equal weight” rating and set a $95.00 target price (up previously from $91.00) on shares of Liberty Broadband Corporation in a research report on Monday, July 17th.

In other Liberty Broadband Corporation news, Director John C. Malone sold 23,000 shares of the firm’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $84.53, for a total transaction of $1,944,190.00. Following the completion of the transaction, the director now owns 3,782,554 shares of the company’s stock, valued at $319,739,289.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John C. Malone sold 5,700 shares of the firm’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $88.62, for a total value of $505,134.00. Following the transaction, the director now directly owns 3,782,554 shares of the company’s stock, valued at approximately $335,209,935.48. The disclosure for this sale can be found here. Insiders have sold 96,700 shares of company stock valued at $8,521,624 in the last three months. Insiders own 10.80% of the company’s stock.

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:LBRDK)

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