Brown Advisory Inc. Increases Holdings in Liberty Broadband Corporation (LBRDK)

Brown Advisory Inc. boosted its holdings in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 5.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 22,279 shares of the company’s stock after acquiring an additional 1,225 shares during the period. Brown Advisory Inc.’s holdings in Liberty Broadband were worth $2,123,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in LBRDK. BlackRock Inc. raised its position in shares of Liberty Broadband by 9.3% in the second quarter. BlackRock Inc. now owns 5,960,819 shares of the company’s stock valued at $517,099,000 after buying an additional 508,748 shares during the last quarter. Harris Associates L P raised its position in shares of Liberty Broadband by 9.2% in the second quarter. Harris Associates L P now owns 1,834,770 shares of the company’s stock valued at $159,166,000 after buying an additional 154,535 shares during the last quarter. Naya Capital Management UK Ltd. raised its position in shares of Liberty Broadband by 7.3% in the second quarter. Naya Capital Management UK Ltd. now owns 1,079,714 shares of the company’s stock valued at $93,665,000 after buying an additional 73,024 shares during the last quarter. Goldman Sachs Group Inc. raised its position in shares of Liberty Broadband by 72.4% in the second quarter. Goldman Sachs Group Inc. now owns 978,077 shares of the company’s stock valued at $84,849,000 after buying an additional 410,879 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Liberty Broadband by 7.0% in the second quarter. Dimensional Fund Advisors LP now owns 721,472 shares of the company’s stock valued at $62,589,000 after buying an additional 47,163 shares during the last quarter. Institutional investors own 54.05% of the company’s stock.

A number of equities research analysts recently issued reports on the stock. TheStreet downgraded shares of Liberty Broadband from a “b” rating to a “c+” rating in a report on Wednesday, August 16th. Zacks Investment Research upgraded shares of Liberty Broadband from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th.

Shares of Liberty Broadband Corporation (NASDAQ:LBRDK) opened at $85.19 on Thursday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 11.64 and a current ratio of 11.64. Liberty Broadband Corporation has a 52 week low of $71.52 and a 52 week high of $104.66. The stock has a market cap of $15,962.35, a P/E ratio of 877.80 and a beta of 1.30.

In other news, Director John C. Malone sold 45,000 shares of the business’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $94.21, for a total transaction of $4,239,450.00. Following the transaction, the director now directly owns 3,452,779 shares of the company’s stock, valued at $325,286,309.59. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John C. Malone sold 8,550 shares of the business’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $98.11, for a total transaction of $838,840.50. Following the transaction, the director now directly owns 3,452,779 shares in the company, valued at $338,752,147.69. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 141,600 shares of company stock valued at $13,372,539. 10.80% of the stock is owned by insiders.

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Liberty Broadband 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.

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

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