Schwab Charles Investment Management Inc. raised its position in Liberty Broadband Corporation (NASDAQ:LBRDK) by 28.3% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 256,536 shares of the company’s stock after acquiring an additional 56,557 shares during the period. Schwab Charles Investment Management Inc. owned about 0.17% of Liberty Broadband worth $24,448,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in LBRDK. Toronto Dominion Bank increased its position in shares of Liberty Broadband by 12.4% during the 2nd quarter. Toronto Dominion Bank now owns 1,316 shares of the company’s stock worth $114,000 after purchasing an additional 145 shares during the last quarter. Advisor Group Inc. increased its position in shares of Liberty Broadband by 14.2% during the 2nd quarter. Advisor Group Inc. now owns 1,674 shares of the company’s stock worth $146,000 after purchasing an additional 208 shares during the last quarter. Macquarie Group Ltd. increased its position in shares of Liberty Broadband by 260.0% during the 2nd quarter. Macquarie Group Ltd. now owns 1,800 shares of the company’s stock worth $156,000 after purchasing an additional 1,300 shares during the last quarter. Massey Quick Simon & CO. LLC acquired a new position in shares of Liberty Broadband during the 3rd quarter worth approximately $172,000. Finally, Fox Run Management L.L.C. acquired a new position in shares of Liberty Broadband during the 3rd quarter worth approximately $200,000. Hedge funds and other institutional investors own 54.05% of the company’s stock.

Liberty Broadband Corporation (LBRDK) opened at $84.89 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 firm has a market capitalization of $15,518.65, a P/E ratio of 853.40 and a beta of 1.30. Liberty Broadband Corporation has a 1-year low of $72.00 and a 1-year high of $104.66.

In other Liberty Broadband news, Director John C. Malone sold 8,550 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $98.11, for a total value of $838,840.50. Following the transaction, the director now directly owns 3,452,779 shares of the company’s stock, valued at approximately $338,752,147.69. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director John C. Malone sold 45,000 shares of the company’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $94.21, for a total value of $4,239,450.00. Following the completion of the transaction, the director now directly owns 3,452,779 shares in the company, valued at $325,286,309.59. The disclosure for this sale can be found here. Insiders have sold a total of 141,600 shares of company stock worth $13,372,539 over the last three months. 10.80% of the stock is owned by insiders.

Separately, Zacks Investment Research lowered Liberty Broadband from a “hold” rating to a “sell” rating in a research report on Friday, October 20th.

COPYRIGHT VIOLATION WARNING: “Schwab Charles Investment Management Inc. Grows Holdings in Liberty Broadband Corporation (LBRDK)” was posted by Watch List News and is the property of of Watch List News. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. & international copyright and trademark law. The correct version of this piece can be viewed at https://www.watchlistnews.com/schwab-charles-investment-management-inc-grows-holdings-in-liberty-broadband-corporation-lbrdk/1765042.html.

About Liberty Broadband

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 (NASDAQ:LBRDK)

Receive News & Ratings for Liberty Broadband Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Broadband and related companies with Analyst Ratings Network's FREE daily email newsletter.