Liberty Broadband Corporation (LBRDK) Position Boosted by Strs Ohio

Strs Ohio boosted its position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 8.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,407 shares of the company’s stock after buying an additional 1,241 shares during the period. Strs Ohio’s holdings in Liberty Broadband Corporation were worth $1,423,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of Liberty Broadband Corporation by 1.9% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 15,900 shares of the company’s stock worth $1,374,000 after buying an additional 300 shares during the last quarter. Canada Pension Plan Investment Board raised its position in shares of Liberty Broadband Corporation by 530.2% in the first quarter. Canada Pension Plan Investment Board now owns 24,086 shares of the company’s stock worth $2,081,000 after buying an additional 20,264 shares during the last quarter. Sumitomo Mitsui Asset Management Company LTD raised its position in shares of Liberty Broadband Corporation by 18.4% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 8,131 shares of the company’s stock worth $702,000 after buying an additional 1,265 shares during the last quarter. Mad River Investors raised its position in shares of Liberty Broadband Corporation by 1.9% in the first quarter. Mad River Investors now owns 47,164 shares of the company’s stock worth $4,075,000 after buying an additional 882 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its position in shares of Liberty Broadband Corporation by 188.5% in the first quarter. Russell Investments Group Ltd. now owns 49,933 shares of the company’s stock worth $4,314,000 after buying an additional 32,623 shares during the last quarter. Hedge funds and other institutional investors own 63.60% of the company’s stock.

Liberty Broadband Corporation (LBRDK) opened at 101.64 on Friday. The stock’s 50 day moving average is $91.58 and its 200-day moving average is $87.84. Liberty Broadband Corporation has a 12 month low of $63.64 and a 12 month high of $103.33. The firm has a market capitalization of $18.48 billion, a price-to-earnings ratio of 597.88 and a beta of 1.44.

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A number of equities analysts have recently issued reports on LBRDK shares. Zacks Investment Research upgraded shares of Liberty Broadband Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, July 5th. Morgan Stanley reiterated an “equal weight” rating and set a $95.00 target price (up from $91.00) on shares of Liberty Broadband Corporation in a research report on Monday, July 17th.

In other news, Director John C. Malone sold 45,000 shares of the business’s stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $90.09, for a total value of $4,054,050.00. Following the transaction, the director now owns 3,782,554 shares in the company, valued at approximately $340,770,289.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John C. Malone sold 23,000 shares of the business’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $84.53, for a total transaction of $1,944,190.00. Following the completion of the transaction, the director now owns 3,782,554 shares in the company, valued at approximately $319,739,289.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 96,700 shares of company stock worth $8,521,624. 10.80% of the stock is owned by corporate insiders.

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

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