Private Bank & Trust Co. Holds Stake in Liberty Broadband Corp. (LBRDK)
Private Bank & Trust Co. held its position in shares of Liberty Broadband Corp. (NASDAQ:LBRDK) during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 21,640 shares of the company’s stock at the end of the third quarter. Private Bank & Trust Co.’s holdings in Liberty Broadband Corp. were worth $1,547,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in LBRDK. NEXT Financial Group Inc raised its stake in Liberty Broadband Corp. by 759.5% in the second quarter. NEXT Financial Group Inc now owns 1,908 shares of the company’s stock valued at $114,000 after buying an additional 1,686 shares during the period. Canada Pension Plan Investment Board purchased a new stake in Liberty Broadband Corp. during the second quarter valued at $169,000. Metropolitan Life Insurance Co. NY raised its stake in Liberty Broadband Corp. by 58.0% in the second quarter. Metropolitan Life Insurance Co. NY now owns 3,055 shares of the company’s stock valued at $183,000 after buying an additional 1,121 shares during the period. FTB Advisors Inc. raised its stake in Liberty Broadband Corp. by 2,803.7% in the second quarter. FTB Advisors Inc. now owns 3,107 shares of the company’s stock valued at $185,000 after buying an additional 3,000 shares during the period. Finally, Reliance Trust Co. of Delaware purchased a new stake in Liberty Broadband Corp. during the second quarter valued at $205,000. Institutional investors and hedge funds own 66.38% of the company’s stock.
Liberty Broadband Corp. (NASDAQ:LBRDK) traded down 1.35% on Monday, reaching $70.37. 479,627 shares of the company were exchanged. The company’s 50-day moving average price is $68.12 and its 200-day moving average price is $65.29. Liberty Broadband Corp. has a 12-month low of $41.30 and a 12-month high of $72.94. The stock has a market capitalization of $12.79 billion, a P/E ratio of 11.11 and a beta of 1.40.
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Several equities research analysts have recently issued reports on the stock. TheStreet raised shares of Liberty Broadband Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, November 3rd. Zacks Investment Research raised shares of Liberty Broadband Corp. from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a research report on Wednesday, September 14th.
In other Liberty Broadband Corp. news, Director John C. Malone sold 89,993 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $70.38, for a total transaction of $6,333,707.34. Following the sale, the director now directly owns 4,002,935 shares of the company’s stock, valued at approximately $281,726,565.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John C. Malone sold 25,119 shares of the business’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $69.34, for a total transaction of $1,741,751.46. Following the sale, the director now directly owns 4,002,935 shares in the company, valued at $277,563,512.90. The disclosure for this sale can be found here. Company insiders own 10.80% of the company’s stock.
About Liberty Broadband Corp.
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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