Liberty Broadband Corporation (LBRDK) Stake Lowered by NEXT Financial Group Inc
NEXT Financial Group Inc reduced its position in Liberty Broadband Corporation (NASDAQ:LBRDK) by 2.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,869 shares of the company’s stock after selling 141 shares during the period. NEXT Financial Group Inc’s holdings in Liberty Broadband Corporation were worth $422,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently modified their holdings of the company. Sawtooth Solutions LLC raised its position in Liberty Broadband Corporation by 0.6% in the first quarter. Sawtooth Solutions LLC now owns 3,212 shares of the company’s stock worth $278,000 after buying an additional 20 shares during the last quarter. Creative Planning boosted its stake in Liberty Broadband Corporation by 0.4% in the first quarter. Creative Planning now owns 5,746 shares of the company’s stock worth $496,000 after buying an additional 22 shares during the period. MAI Capital Management boosted its stake in Liberty Broadband Corporation by 0.7% in the first quarter. MAI Capital Management now owns 4,639 shares of the company’s stock worth $401,000 after buying an additional 33 shares during the period. Daiwa Securities Group Inc. boosted its stake in Liberty Broadband Corporation by 1.8% in the first quarter. Daiwa Securities Group Inc. now owns 2,850 shares of the company’s stock worth $246,000 after buying an additional 50 shares during the period. Finally, Strs Ohio boosted its stake in Liberty Broadband Corporation by 0.3% in the first quarter. Strs Ohio now owns 15,166 shares of the company’s stock worth $1,310,000 after buying an additional 51 shares during the period. Institutional investors own 63.67% of the company’s stock.
Shares of Liberty Broadband Corporation (NASDAQ:LBRDK) opened at 99.24 on Monday. The firm has a market capitalization of $18.04 billion, a PE ratio of 567.09 and a beta of 1.44. The company has a 50-day moving average price of $88.63 and a 200 day moving average price of $86.77. Liberty Broadband Corporation has a 12-month low of $62.18 and a 12-month high of $100.82.
A number of equities research analysts have recently commented on the company. Zacks Investment Research cut Liberty Broadband Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. Morgan Stanley restated an “equal weight” rating and set a $95.00 target price (up from $91.00) on shares of Liberty Broadband Corporation in a research report on Monday, July 17th.
In other Liberty Broadband Corporation news, Director John C. Malone sold 45,000 shares of the business’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 sale, the director now directly owns 3,782,554 shares in the company, valued at approximately $340,770,289.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John C. Malone sold 5,700 shares of the business’s stock in a transaction dated Monday, July 17th. The stock was sold at an average price of $88.62, for a total transaction of $505,134.00. Following the sale, the director now owns 3,782,554 shares in the company, valued at $335,209,935.48. The disclosure for this sale can be found here. Insiders have sold a total of 96,700 shares of company stock valued at $8,521,624 over the last three months. 10.80% of the stock is currently owned by company 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.
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