State of Wisconsin Investment Board Acquires 26,100 Shares of Liberty Broadband Corporation (LBRDK)

State of Wisconsin Investment Board raised its stake in Liberty Broadband Corporation (NASDAQ:LBRDK) by 35.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 99,107 shares of the company’s stock after buying an additional 26,100 shares during the period. State of Wisconsin Investment Board owned approximately 0.05% of Liberty Broadband Corporation worth $8,598,000 as of its most recent filing with the SEC.

A number of other large investors have also made changes to their positions in LBRDK. BlackRock Inc. boosted its position in Liberty Broadband Corporation by 4,496.9% in the first quarter. BlackRock Inc. now owns 5,452,071 shares of the company’s stock valued at $471,058,000 after buying an additional 5,333,467 shares during the period. Naya Capital Management UK Ltd. purchased a new position in Liberty Broadband Corporation during the first quarter valued at approximately $86,978,000. Vanguard Group Inc. boosted its position in Liberty Broadband Corporation by 3.7% in the first quarter. Vanguard Group Inc. now owns 10,583,739 shares of the company’s stock valued at $914,435,000 after buying an additional 382,431 shares during the period. P Schoenfeld Asset Management LP purchased a new position in Liberty Broadband Corporation during the first quarter valued at approximately $15,409,000. Finally, Janus Capital Management LLC boosted its position in Liberty Broadband Corporation by 69.3% in the first quarter. Janus Capital Management LLC now owns 402,667 shares of the company’s stock valued at $34,790,000 after buying an additional 164,800 shares during the period. 63.47% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Corporation (LBRDK) opened at 99.26 on Friday. Liberty Broadband Corporation has a one year low of $63.64 and a one year high of $104.34. The stock has a 50 day moving average of $95.60 and a 200 day moving average of $89.02. The firm has a market cap of $18.05 billion, a PE ratio of 583.88 and a beta of 1.44.

TRADEMARK VIOLATION WARNING: “State of Wisconsin Investment Board Acquires 26,100 Shares of Liberty Broadband Corporation (LBRDK)” was published by Sports Perspectives and is the property of of Sports Perspectives. If you are reading this piece on another website, it was illegally stolen and republished in violation of United States & international copyright & trademark legislation. The legal version of this piece can be accessed at https://sportsperspectives.com/2017/08/27/state-of-wisconsin-investment-board-acquires-26100-shares-of-liberty-broadband-corporation-lbrdk.html.

LBRDK has been the subject of several analyst reports. Zacks Investment Research cut shares of Liberty Broadband Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, May 30th. Morgan Stanley reiterated an “equal weight” rating and set a $95.00 price target (up previously from $91.00) on shares of Liberty Broadband Corporation in a report on Monday, July 17th. Finally, TheStreet cut shares of Liberty Broadband Corporation from a “b” rating to a “c+” rating in a report on Wednesday, August 16th.

In related news, Director John C. Malone sold 23,000 shares of the company’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $84.53, for a total value of $1,944,190.00. Following the completion of the transaction, the director now directly owns 3,782,554 shares in the company, valued at $319,739,289.62. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John C. Malone sold 66,920 shares of the company’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $100.58, for a total value of $6,730,813.60. Following the completion of the transaction, the director now owns 3,498,779 shares of the company’s stock, valued at $351,907,191.82. The disclosure for this sale can be found here. Insiders sold 163,620 shares of company stock valued at $15,252,438 over the last 90 days. 10.80% of the stock is currently 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.

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

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.

Latest News

Leave a Reply