Liberty Broadband Corporation (NASDAQ:LBRDA) Director John C. Malone sold 8,550 shares of Liberty Broadband Corporation stock in a transaction on Monday, October 16th. The stock was sold at an average price of $94.87, for a total value of $811,138.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Liberty Broadband Corporation (LBRDA) traded down 1.08% during mid-day trading on Wednesday, hitting $91.98. The company’s stock had a trading volume of 41,463 shares. Liberty Broadband Corporation has a 12-month low of $61.69 and a 12-month high of $104.35. The company has a market cap of $16.72 billion, a P/E ratio of 541.06 and a beta of 1.43. The firm’s 50-day moving average is $96.86 and its 200-day moving average is $91.07.
A number of analysts have commented on LBRDA shares. BidaskClub lowered Liberty Broadband Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. Telsey Advisory Group reissued an “outperform” rating and issued a $125.00 target price (up previously from $95.00) on shares of Liberty Broadband Corporation in a report on Thursday, September 7th. Pivotal Research reissued a “buy” rating and issued a $108.00 target price (up previously from $107.00) on shares of Liberty Broadband Corporation in a report on Tuesday, August 15th. Finally, TheStreet lowered Liberty Broadband Corporation from a “b” rating to a “c+” rating in a report on Wednesday, August 16th. Three analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. Liberty Broadband Corporation presently has an average rating of “Buy” and an average target price of $111.67.
Institutional investors and hedge funds have recently made changes to their positions in the business. Janus Capital Management LLC acquired a new stake in Liberty Broadband Corporation during the 1st quarter worth about $1,081,000. BlackRock Inc. grew its position in Liberty Broadband Corporation by 20,817.7% during the 1st quarter. BlackRock Inc. now owns 1,567,360 shares of the company’s stock worth $133,368,000 after purchasing an additional 1,559,867 shares during the period. Paloma Partners Management Co acquired a new stake in Liberty Broadband Corporation during the 1st quarter worth about $294,000. State of Wisconsin Investment Board grew its position in Liberty Broadband Corporation by 1,541.8% during the 2nd quarter. State of Wisconsin Investment Board now owns 83,272 shares of the company’s stock worth $7,144,000 after purchasing an additional 78,200 shares during the period. Finally, Aperio Group LLC grew its position in Liberty Broadband Corporation by 35.0% during the 2nd quarter. Aperio Group LLC now owns 4,681 shares of the company’s stock worth $402,000 after purchasing an additional 1,214 shares during the period. 11.85% of the stock is currently owned by institutional investors.
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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