Liberty Broadband Corp. (LBRDK) Director John C. Malone Sells 25,119 Shares
Liberty Broadband Corp. (NASDAQ:LBRDK) Director John C. Malone sold 25,119 shares of the firm’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $69.34, for a total value of $1,741,751.46. Following the sale, the director now directly owns 4,002,935 shares in the company, valued at approximately $277,563,512.90. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Liberty Broadband Corp. (NASDAQ:LBRDK) remained flat at $70.53 during mid-day trading on Thursday. 295,331 shares of the stock traded hands. The company’s 50-day moving average is $68.18 and its 200 day moving average is $65.03. The firm has a market cap of $12.81 billion, a price-to-earnings ratio of 11.14 and a beta of 1.40. Liberty Broadband Corp. has a 52-week low of $41.30 and a 52-week high of $72.94.
Several analysts recently commented on LBRDK shares. Zacks Investment Research downgraded Liberty Broadband Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, November 15th. TheStreet raised Liberty Broadband Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, November 3rd.
Hedge funds have recently bought and sold shares of the company. D.A. Davidson & CO. boosted its stake in Liberty Broadband Corp. by 4.7% in the third quarter. D.A. Davidson & CO. now owns 5,293 shares of the company’s stock worth $376,000 after buying an additional 236 shares during the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Liberty Broadband Corp. by 4.1% in the third quarter. Price T Rowe Associates Inc. MD now owns 861,901 shares of the company’s stock worth $61,609,000 after buying an additional 33,900 shares during the last quarter. Credit Suisse AG boosted its stake in Liberty Broadband Corp. by 84.9% in the third quarter. Credit Suisse AG now owns 117,091 shares of the company’s stock worth $8,371,000 after buying an additional 53,778 shares during the last quarter. Cat Rock Capital Management LP boosted its stake in Liberty Broadband Corp. by 5.2% in the third quarter. Cat Rock Capital Management LP now owns 529,693 shares of the company’s stock worth $37,862,000 after buying an additional 26,108 shares during the last quarter. Finally, Verition Fund Management LLC bought a new stake in Liberty Broadband Corp. during the third quarter worth $760,000. 68.08% of the stock is currently owned by hedge funds and other institutional investors.
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Liberty Broadband Corp. Company Profile
Liberty Broadband Corporation holds interests in Charter Communications, Inc (Charter), TruePosition, Inc (TruePosition) and Time Warner Cable, Inc (TWC). The Company’s segments include Trueposition, Charter, and Corporate and other. The TruePosition segment includes the operations of TruePosition, a subsidiary of the Company that develops and markets technology for locating wireless phones and other wireless devices on a cellular network, enabling wireless carriers and government agencies to provide public safety E-9-1-1 services domestically and services in support of national security and law enforcement across the world.
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