6,543 Shares in Liberty Broadband Corporation (LBRDK) Purchased by PEAK6 Investments L.P.

PEAK6 Investments L.P. purchased a new stake in Liberty Broadband Corporation (NASDAQ:LBRDK) in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,543 shares of the company’s stock, valued at approximately $624,000.

Other institutional investors also recently modified their holdings of the company. Toronto Dominion Bank lifted its holdings in shares of Liberty Broadband by 12.4% during the 2nd quarter. Toronto Dominion Bank now owns 1,316 shares of the company’s stock worth $114,000 after acquiring an additional 145 shares during the period. Advisor Group Inc. lifted its holdings in shares of Liberty Broadband by 14.2% during the 2nd quarter. Advisor Group Inc. now owns 1,674 shares of the company’s stock worth $146,000 after acquiring an additional 208 shares during the period. Macquarie Group Ltd. lifted its holdings in shares of Liberty Broadband by 260.0% during the 2nd quarter. Macquarie Group Ltd. now owns 1,800 shares of the company’s stock worth $156,000 after acquiring an additional 1,300 shares during the period. Massey Quick Simon & CO. LLC bought a new position in shares of Liberty Broadband during the 3rd quarter worth about $172,000. Finally, Fox Run Management L.L.C. bought a new position in shares of Liberty Broadband during the 3rd quarter worth about $200,000. 54.05% of the stock is owned by hedge funds and other institutional investors.

Liberty Broadband Corporation (NASDAQ:LBRDK) opened at $85.53 on Friday. Liberty Broadband Corporation has a 1-year low of $71.52 and a 1-year high of $104.66. The stock has a market cap of $15,962.35, a PE ratio of 877.80 and a beta of 1.30. The company has a current ratio of 11.64, a quick ratio of 11.64 and a debt-to-equity ratio of 0.06.

A number of research firms have recently commented on LBRDK. TheStreet downgraded shares of Liberty Broadband from a “b” rating to a “c+” rating in a report on Wednesday, August 16th. Zacks Investment Research downgraded shares of Liberty Broadband from a “hold” rating to a “sell” rating in a report on Friday, October 20th.

In other Liberty Broadband news, Director John C. Malone sold 8,550 shares of the firm’s 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 completion of the sale, the director now owns 3,452,779 shares in the company, valued at approximately $338,752,147.69. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John C. Malone sold 45,000 shares of the firm’s stock in a transaction dated 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 completion of the sale, the director now owns 3,452,779 shares of the company’s stock, valued at approximately $325,286,309.59. The disclosure for this sale can be found here. Insiders have sold a total of 141,600 shares of company stock valued at $13,372,539 over the last three months. 10.80% of the stock is currently owned by insiders.

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Liberty Broadband Company 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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