Teachers Advisors LLC increased its stake in Liberty Broadband Corporation (NASDAQ:LBRDK) by 8.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 120,906 shares of the company’s stock after buying an additional 9,282 shares during the period. Teachers Advisors LLC owned 0.07% of Liberty Broadband Corporation worth $10,446,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of the company. Toronto Dominion Bank raised its stake in shares of Liberty Broadband Corporation by 26.2% in the first quarter. Toronto Dominion Bank now owns 1,171 shares of the company’s stock valued at $101,000 after buying an additional 243 shares during the last quarter. Capstone Asset Management Co. acquired a new position in Liberty Broadband Corporation during the first quarter valued at approximately $205,000. Appleton Partners Inc. MA acquired a new position in Liberty Broadband Corporation during the first quarter valued at approximately $215,000. Cohen Klingenstein LLC acquired a new position in Liberty Broadband Corporation during the first quarter valued at approximately $222,000. Finally, Daiwa Securities Group Inc. increased its position 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 valued at $246,000 after buying an additional 50 shares during the period. Institutional investors own 63.47% of the company’s stock.

Shares of Liberty Broadband Corporation (LBRDK) traded down 0.23% during trading on Friday, reaching $100.14. 652,687 shares of the company were exchanged. Liberty Broadband Corporation has a 1-year low of $63.64 and a 1-year high of $104.34. The company has a market capitalization of $18.21 billion, a price-to-earnings ratio of 589.06 and a beta of 1.44. The stock’s 50 day moving average is $93.77 and its 200 day moving average is $88.48.

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Several research analysts recently commented on the stock. TheStreet downgraded shares of Liberty Broadband Corporation from a “b” rating to a “c+” rating in a report on Wednesday. Zacks Investment Research downgraded shares of Liberty Broadband Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. Finally, Morgan Stanley reissued an “equal weight” rating and issued a $95.00 price target (up from $91.00) on shares of Liberty Broadband Corporation in a report on Monday, July 17th.

In related news, Director John C. Malone sold 5,700 shares of the firm’s stock in a transaction dated Monday, July 17th. The shares were sold at an average price of $88.62, for a total value of $505,134.00. Following the transaction, the director now owns 3,782,554 shares of the company’s stock, valued at approximately $335,209,935.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director John C. Malone sold 23,000 shares of the firm’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $87.75, for a total transaction of $2,018,250.00. Following the transaction, the director now directly owns 3,805,554 shares in the company, valued at approximately $333,937,363.50. The disclosure for this sale can be found here. In the last three months, insiders sold 96,700 shares of company stock worth $8,521,624. Insiders own 10.80% of the company’s stock.

Liberty Broadband Corporation Company Profile

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)

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