State Board of Administration of Florida Retirement System increased its stake in Liberty Broadband Corporation (NASDAQ:LBRDK) by 2.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 104,516 shares of the company’s stock after buying an additional 2,402 shares during the period. State Board of Administration of Florida Retirement System owned 0.06% of Liberty Broadband Corporation worth $9,067,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Toronto Dominion Bank increased its stake in shares of Liberty Broadband Corporation by 26.2% in the first quarter. Toronto Dominion Bank now owns 1,171 shares of the company’s stock valued at $101,000 after buying an additional 243 shares in the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Liberty Broadband Corporation during the first quarter valued at $186,000. Capstone Asset Management Co. bought a new stake in shares of Liberty Broadband Corporation during the first quarter valued at $205,000. Mn Services Vermogensbeheer B.V. increased its stake in shares of Liberty Broadband Corporation by 4.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,856 shares of the company’s stock valued at $231,000 after buying an additional 114 shares in the last quarter. Finally, 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 valued at $246,000 after buying an additional 50 shares in the last quarter. 63.19% of the stock is owned by hedge funds and other institutional investors.

Liberty Broadband Corporation (NASDAQ LBRDK) opened at 101.53 on Friday. The firm has a 50-day moving average price of $97.07 and a 200 day moving average price of $89.42. Liberty Broadband Corporation has a 52-week low of $63.64 and a 52-week high of $104.34. The stock has a market cap of $18.46 billion, a PE ratio of 597.24 and a beta of 1.44.

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Several equities research analysts recently weighed in on LBRDK shares. TheStreet downgraded Liberty Broadband Corporation from a “b” rating to a “c+” rating in a report on Wednesday, August 16th. Morgan Stanley reaffirmed an “equal weight” rating and set a $95.00 price target (up from $91.00) on shares of Liberty Broadband Corporation in a report on Monday, July 17th. Finally, Zacks Investment Research raised Liberty Broadband Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th.

In other Liberty Broadband Corporation news, Director John C. Malone sold 23,000 shares of the business’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 in the company, valued at approximately $319,739,289.62. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John C. Malone sold 66,920 shares of the business’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $100.58, for a total value of $6,730,813.60. Following the transaction, the director now owns 3,498,779 shares of the company’s stock, valued at approximately $351,907,191.82. The disclosure for this sale can be found here. Insiders have sold a total of 163,620 shares of company stock valued at $15,252,438 in the last 90 days. 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.

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

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