LS Investment Advisors LLC held its stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) during the second quarter, Holdings Channel reports. The fund owned 1,594 shares of the company’s stock at the end of the second quarter. LS Investment Advisors LLC’s holdings in Liberty Broadband Corporation were worth $138,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of LBRDK. Sawtooth Solutions LLC increased its stake in shares of Liberty Broadband Corporation by 0.6% in the first quarter. Sawtooth Solutions LLC now owns 3,212 shares of the company’s stock worth $278,000 after buying an additional 20 shares during the period. Creative Planning increased its stake in shares of Liberty Broadband Corporation by 0.4% in the first quarter. Creative Planning now owns 5,746 shares of the company’s stock worth $496,000 after buying an additional 22 shares during the period. MAI Capital Management increased its stake in shares of Liberty Broadband Corporation by 0.7% in the first quarter. MAI Capital Management now owns 4,639 shares of the company’s stock worth $401,000 after buying an additional 33 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Liberty Broadband Corporation by 1.8% in the first quarter. Daiwa Securities Group Inc. now owns 2,850 shares of the company’s stock worth $246,000 after buying an additional 50 shares during the period. Finally, Strs Ohio increased its stake in shares of Liberty Broadband Corporation by 0.3% in the first quarter. Strs Ohio now owns 15,166 shares of the company’s stock worth $1,310,000 after buying an additional 51 shares during the period. 63.60% of the stock is owned by hedge funds and other institutional investors.

Liberty Broadband Corporation (NASDAQ LBRDK) traded down 0.65% during trading on Thursday, hitting $102.10. 258,338 shares of the stock were exchanged. The firm has a 50-day moving average of $90.69 and a 200-day moving average of $87.58. Liberty Broadband Corporation has a 52 week low of $63.64 and a 52 week high of $103.33. The stock has a market capitalization of $18.56 billion, a price-to-earnings ratio of 600.59 and a beta of 1.44.

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A number of brokerages have weighed in on LBRDK. Zacks Investment Research downgraded shares of Liberty Broadband Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. Morgan Stanley reissued an “equal weight” rating and issued a $95.00 price target (up from $91.00) on shares of Liberty Broadband Corporation in a report on Monday, July 17th.

In related news, Director John C. Malone sold 23,000 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $87.75, for a total transaction of $2,018,250.00. Following the completion of the sale, the director now owns 3,805,554 shares of the company’s stock, valued at $333,937,363.50. 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 45,000 shares of the company’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $90.09, for a total transaction of $4,054,050.00. Following the sale, the director now directly owns 3,782,554 shares of the company’s stock, valued at approximately $340,770,289.86. The disclosure for this sale can be found here. Insiders sold 96,700 shares of company stock worth $8,521,624 over the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

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.

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

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