Shufro Rose & Co. LLC reduced its position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 1.2% during the second quarter, Holdings Channel reports. The firm owned 10,911 shares of the company’s stock after selling 136 shares during the period. Shufro Rose & Co. LLC’s holdings in Liberty Broadband Corporation were worth $946,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its position in Liberty Broadband Corporation by 93.3% in the second quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 55,136 shares of the company’s stock worth $4,783,000 after buying an additional 26,617 shares during the period. DekaBank Deutsche Girozentrale increased its position in Liberty Broadband Corporation by 36.2% in the second quarter. DekaBank Deutsche Girozentrale now owns 9,850 shares of the company’s stock worth $890,000 after buying an additional 2,620 shares during the period. First Trust Advisors LP increased its position in Liberty Broadband Corporation by 8.7% in the second quarter. First Trust Advisors LP now owns 83,057 shares of the company’s stock worth $7,205,000 after buying an additional 6,654 shares during the period. Schwab Charles Investment Management Inc. increased its position in Liberty Broadband Corporation by 5.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 199,979 shares of the company’s stock worth $17,349,000 after buying an additional 10,703 shares during the period. Finally, Canada Pension Plan Investment Board increased its position in Liberty Broadband Corporation by 78.6% in the second quarter. Canada Pension Plan Investment Board now owns 43,026 shares of the company’s stock worth $3,733,000 after buying an additional 18,940 shares during the period. 63.47% of the stock is owned by institutional investors and hedge funds.

Liberty Broadband Corporation (NASDAQ:LBRDK) opened at 103.09 on Tuesday. The firm has a market cap of $18.74 billion, a P/E ratio of 606.41 and a beta of 1.44. The firm’s 50-day moving average price is $92.08 and its 200 day moving average price is $88.07. Liberty Broadband Corporation has a 52 week low of $63.64 and a 52 week high of $104.34.

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Several research analysts have commented on LBRDK shares. Zacks Investment Research downgraded Liberty Broadband Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 20th. Morgan Stanley reissued 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 note on Monday, July 17th.

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