Liberty Broadband Corporation (LBRDK) Stake Raised by Bank of Montreal Can

Bank of Montreal Can raised its position in Liberty Broadband Corporation (NASDAQ:LBRDK) by 1,453.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 12,228 shares of the company’s stock after buying an additional 11,441 shares during the period. Bank of Montreal Can’s holdings in Liberty Broadband Corporation were worth $1,061,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Vanguard Group Inc. increased its stake in shares of Liberty Broadband Corporation by 3.7% in the first quarter. Vanguard Group Inc. now owns 10,583,739 shares of the company’s stock worth $914,435,000 after buying an additional 382,431 shares during the period. BlackRock Inc. increased its stake in shares of Liberty Broadband Corporation by 4,496.9% in the first quarter. BlackRock Inc. now owns 5,452,071 shares of the company’s stock worth $471,058,000 after buying an additional 5,333,467 shares during the period. FMR LLC increased its stake in shares of Liberty Broadband Corporation by 2.2% in the first quarter. FMR LLC now owns 2,882,656 shares of the company’s stock worth $249,062,000 after buying an additional 62,218 shares during the period. State Street Corp increased its stake in shares of Liberty Broadband Corporation by 3.8% in the first quarter. State Street Corp now owns 1,984,745 shares of the company’s stock worth $171,487,000 after buying an additional 73,536 shares during the period. Finally, Harris Associates L P increased its stake in shares of Liberty Broadband Corporation by 2.6% in the first quarter. Harris Associates L P now owns 1,680,235 shares of the company’s stock worth $145,172,000 after buying an additional 42,822 shares during the period. Institutional investors own 63.47% of the company’s stock.

Liberty Broadband Corporation (NASDAQ LBRDK) traded down 0.23% on Friday, reaching $100.14. The company had a trading volume of 652,687 shares. The stock has a market capitalization of $18.21 billion, a PE ratio of 589.06 and a beta of 1.44. The stock’s 50 day moving average price is $93.77 and its 200-day moving average price is $88.48. Liberty Broadband Corporation has a 12-month low of $63.64 and a 12-month high of $104.34.

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A number of equities research analysts recently issued reports on LBRDK shares. Zacks Investment Research upgraded 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 issued a $95.00 price objective (up previously from $91.00) on shares of Liberty Broadband Corporation in a research report on Monday, July 17th. Finally, TheStreet downgraded Liberty Broadband Corporation from a “b” rating to a “c+” rating in a research report on Wednesday.

In related news, Director John C. Malone sold 45,000 shares of the company’s stock in a transaction dated Monday, July 24th. The shares were sold at an average price of $90.09, for a total transaction of $4,054,050.00. Following the transaction, the director now directly owns 3,782,554 shares in the company, valued at approximately $340,770,289.86. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John C. Malone sold 23,000 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $87.75, for a total transaction of $2,018,250.00. Following the transaction, the director now owns 3,805,554 shares in the company, valued at $333,937,363.50. The disclosure for this sale can be found here. Insiders have sold a total of 96,700 shares of company stock worth $8,521,624 over the last 90 days. Corporate insiders own 10.80% of the company’s stock.

Liberty Broadband Corporation 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 Corporation (NASDAQ:LBRDK)

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