Paloma Partners Management Co bought a new stake in Liberty Broadband Corporation (NASDAQ:LBRDA) during the first quarter, according to its most recent filing with the SEC. The institutional investor bought 3,448 shares of the company’s stock, valued at approximately $294,000.
Other institutional investors have also recently bought and sold shares of the company. FMR LLC boosted its position in Liberty Broadband Corporation by 32.5% in the first quarter. FMR LLC now owns 1,722,101 shares of the company’s stock valued at $146,534,000 after buying an additional 422,727 shares in the last quarter. Vanguard Group Inc. boosted its position in Liberty Broadband Corporation by 6.5% in the first quarter. Vanguard Group Inc. now owns 1,673,213 shares of the company’s stock valued at $142,374,000 after buying an additional 102,812 shares in the last quarter. BlackRock Inc. boosted its position in Liberty Broadband Corporation by 20,817.7% in the first quarter. BlackRock Inc. now owns 1,567,360 shares of the company’s stock valued at $133,368,000 after buying an additional 1,559,867 shares in the last quarter. Hudson Bay Capital Management LP purchased a new position in Liberty Broadband Corporation during the fourth quarter valued at approximately $23,120,000. Finally, State Street Corp boosted its position in Liberty Broadband Corporation by 3.5% in the first quarter. State Street Corp now owns 304,708 shares of the company’s stock valued at $25,933,000 after buying an additional 10,215 shares in the last quarter. 81.60% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Liberty Broadband Corporation (LBRDA) opened at 102.76 on Thursday. Liberty Broadband Corporation has a 12-month low of $61.53 and a 12-month high of $102.86. The company has a 50 day moving average of $88.60 and a 200-day moving average of $85.83. The company has a market cap of $18.68 billion, a PE ratio of 587.20 and a beta of 1.48.
Several equities analysts have commented on LBRDA shares. BidaskClub raised shares of Liberty Broadband Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Zacks Investment Research raised shares of Liberty Broadband Corporation from a “sell” rating to a “hold” rating in a report on Friday, April 14th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. Liberty Broadband Corporation currently has an average rating of “Buy” and an average target price of $96.00.
In other news, Director John C. Malone sold 5,700 shares of the firm’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $88.62, for a total transaction of $505,134.00. Following the sale, the director now directly owns 3,782,554 shares in the company, valued at approximately $335,209,935.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director John C. Malone sold 40,000 shares of the firm’s stock in a transaction on Monday, June 12th. The shares were sold at an average price of $87.67, for a total transaction of $3,506,800.00. Following the sale, the director now owns 3,805,554 shares in the company, valued at $333,632,919.18. The disclosure for this sale can be found here. Insiders have sold a total of 148,200 shares of company stock worth $13,432,229 over the last 90 days. Insiders own 6.09% of the company’s stock.
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.
Receive News & Ratings for Liberty Broadband Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Broadband Corporation and related companies with MarketBeat.com's FREE daily email newsletter.