Voya Investment Management LLC cut its holdings in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 6.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,131 shares of the company’s stock after selling 2,013 shares during the quarter. Voya Investment Management LLC’s holdings in Liberty Broadband Corporation were worth $2,527,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the business. BlackRock Inc. lifted its position in Liberty Broadband Corporation by 9.3% during the 2nd quarter. BlackRock Inc. now owns 5,960,819 shares of the company’s stock worth $517,099,000 after buying an additional 508,748 shares in the last quarter. State Street Corp lifted its position in Liberty Broadband Corporation by 3.8% during the 1st quarter. State Street Corp now owns 1,984,745 shares of the company’s stock worth $171,487,000 after buying an additional 73,536 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Liberty Broadband Corporation by 7.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 721,472 shares of the company’s stock worth $62,589,000 after buying an additional 47,163 shares in the last quarter. Franklin Resources Inc. lifted its position in Liberty Broadband Corporation by 2.7% during the 2nd quarter. Franklin Resources Inc. now owns 639,035 shares of the company’s stock worth $55,436,000 after buying an additional 16,532 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in Liberty Broadband Corporation by 7.9% during the 1st quarter. Geode Capital Management LLC now owns 634,452 shares of the company’s stock worth $54,792,000 after buying an additional 46,427 shares in the last quarter. 53.19% of the stock is currently owned by hedge funds and other institutional investors.

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In other Liberty Broadband Corporation news, Director John C. Malone sold 8,550 shares of Liberty Broadband Corporation stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $98.11, for a total value of $838,840.50. Following the sale, the director now owns 3,452,779 shares of the company’s stock, valued at $338,752,147.69. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John C. Malone sold 45,000 shares of Liberty Broadband Corporation 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 completion of the sale, the director now directly owns 3,782,554 shares in the company, valued at approximately $340,770,289.86. The disclosure for this sale can be found here. In the last ninety days, insiders sold 199,970 shares of company stock worth $19,146,864. Insiders own 10.80% of the company’s stock.

Liberty Broadband Corporation (NASDAQ:LBRDK) opened at 94.61 on Tuesday. The firm has a market capitalization of $17.20 billion, a price-to-earnings ratio of 556.53 and a beta of 1.40. Liberty Broadband Corporation has a 1-year low of $63.64 and a 1-year high of $104.66. The stock’s 50 day moving average is $97.89 and its 200 day moving average is $92.09.

Several brokerages have commented on LBRDK. TheStreet cut shares of Liberty Broadband Corporation from a “b” rating to a “c+” rating in a research report on Wednesday, August 16th. Zacks Investment Research raised shares of Liberty Broadband Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $95.00 price target (up from $91.00) on shares of Liberty Broadband Corporation in a research report on Monday, July 17th.

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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