Liberty Broadband Corp. (NASDAQ:LBRDK) Director John C. Malone sold 89,993 shares of the company’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of $70.38, for a total transaction of $6,333,707.34. Following the transaction, the director now owns 4,002,935 shares of the company’s stock, valued at approximately $281,726,565.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of Liberty Broadband Corp. (NASDAQ:LBRDK) remained flat at $70.53 during trading on Thursday. 295,331 shares of the stock were exchanged. The company has a market cap of $12.81 billion, a PE ratio of 11.14 and a beta of 1.40. The firm’s 50-day moving average is $68.18 and its 200-day moving average is $65.03. Liberty Broadband Corp. has a 52 week low of $41.30 and a 52 week high of $72.94.

Several equities analysts have recently commented on the stock. Zacks Investment Research lowered shares of Liberty Broadband Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, November 15th. TheStreet upgraded shares of Liberty Broadband Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, November 3rd.

Several large investors have recently made changes to their positions in the company. D.A. Davidson & CO. increased its stake in shares of Liberty Broadband Corp. by 4.7% in the third quarter. D.A. Davidson & CO. now owns 5,293 shares of the company’s stock valued at $376,000 after buying an additional 236 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of 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 valued at $61,609,000 after buying an additional 33,900 shares during the last quarter. Credit Suisse AG increased its stake in shares of Liberty Broadband Corp. by 84.9% in the third quarter. Credit Suisse AG now owns 117,091 shares of the company’s stock valued at $8,371,000 after buying an additional 53,778 shares during the last quarter. Cat Rock Capital Management LP increased its stake in shares of 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 valued at $37,862,000 after buying an additional 26,108 shares during the last quarter. Finally, Verition Fund Management LLC bought a new stake in shares of Liberty Broadband Corp. during the third quarter valued at about $760,000. Institutional investors and hedge funds own 68.08% of the company’s stock.

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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.

5 Day Chart for NASDAQ:LBRDK

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