UBS Asset Management Americas Inc. lifted its holdings in Liberty Broadband Corporation (NASDAQ:LBRDK) by 10.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 283,014 shares of the company’s stock after acquiring an additional 27,629 shares during the period. UBS Asset Management Americas Inc. owned 0.16% of Liberty Broadband Corporation worth $24,551,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Oppenheimer Asset Management Inc. bought a new position in shares of Liberty Broadband Corporation in the 1st quarter valued at about $186,000. Capstone Asset Management Co. lifted its stake in Liberty Broadband Corporation by 3.4% in the second quarter. Capstone Asset Management Co. now owns 2,456 shares of the company’s stock worth $213,000 after purchasing an additional 80 shares during the last quarter. Prudential Financial Inc. bought a new stake in Liberty Broadband Corporation in the second quarter worth about $223,000. World Asset Management Inc lifted its stake in Liberty Broadband Corporation by 2.8% in the first quarter. World Asset Management Inc now owns 2,895 shares of the company’s stock worth $250,000 after purchasing an additional 80 shares during the last quarter. Finally, Koch Industries Inc. bought a new stake in Liberty Broadband Corporation in the first quarter worth about $263,000. 63.18% of the stock is owned by hedge funds and other institutional investors.

Shares of Liberty Broadband Corporation (NASDAQ LBRDK) opened at 95.30 on Friday. Liberty Broadband Corporation has a 52 week low of $63.64 and a 52 week high of $104.66. The company has a market cap of $17.33 billion, a P/E ratio of 560.59 and a beta of 1.44. The firm has a 50-day moving average of $100.50 and a 200 day moving average of $90.72.

Several brokerages have issued reports on LBRDK. Zacks Investment Research raised shares of Liberty Broadband Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. TheStreet downgraded shares of Liberty Broadband Corporation from a “b” rating to a “c+” rating in a research note on Wednesday, August 16th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $95.00 price objective (up previously from $91.00) on shares of Liberty Broadband Corporation in a research note on Monday, July 17th.

In other news, Director John C. Malone sold 5,700 shares of the stock in a transaction that occurred 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 completion of 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 filing with the SEC, which is accessible through this link. Also, Director John C. Malone sold 23,000 shares of the stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $84.53, for a total transaction of $1,944,190.00. Following the completion of the sale, the director now directly owns 3,782,554 shares of the company’s stock, valued at approximately $319,739,289.62. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 194,170 shares of company stock valued at $18,312,478. 10.80% of the stock is owned by corporate insiders.

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Liberty Broadband Corporation 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.

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

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