Canada Pension Plan Investment Board raised its stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 78.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,026 shares of the company’s stock after buying an additional 18,940 shares during the period. Canada Pension Plan Investment Board’s holdings in Liberty Broadband Corporation were worth $3,733,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. 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 valued at $278,000 after buying an additional 20 shares in the last quarter. Creative Planning raised its position in Liberty Broadband Corporation by 0.4% in the first quarter. Creative Planning now owns 5,746 shares of the company’s stock valued at $496,000 after buying an additional 22 shares in the last quarter. MAI Capital Management raised its position in Liberty Broadband Corporation by 0.7% in the first quarter. MAI Capital Management now owns 4,639 shares of the company’s stock valued at $401,000 after buying an additional 33 shares in the last quarter. Daiwa Securities Group Inc. raised 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 in the last quarter. Finally, Strs Ohio raised its position in Liberty Broadband Corporation by 0.3% in the first quarter. Strs Ohio now owns 15,166 shares of the company’s stock valued at $1,310,000 after buying an additional 51 shares in the last quarter. 63.47% of the stock is currently owned by institutional investors.

Liberty Broadband Corporation (NASDAQ LBRDK) opened at 100.19 on Thursday. The stock has a market capitalization of $18.22 billion, a price-to-earnings ratio of 589.35 and a beta of 1.44. Liberty Broadband Corporation has a 12-month low of $63.64 and a 12-month high of $104.34. The firm has a 50-day moving average of $94.82 and a 200 day moving average of $88.84.

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Several research firms have issued reports on LBRDK. TheStreet lowered shares of Liberty Broadband Corporation from a “b” rating to a “c+” rating in a report on Wednesday, August 16th. Zacks Investment Research lowered shares of Liberty Broadband Corporation from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. Finally, Morgan Stanley reaffirmed 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 other Liberty Broadband Corporation news, Director John C. Malone sold 23,000 shares of the business’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $84.53, for a total transaction of $1,944,190.00. Following the completion of the sale, the director now owns 3,782,554 shares in the company, valued at $319,739,289.62. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John C. Malone sold 5,700 shares of the business’s stock in a transaction on Monday, July 17th. The shares were 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 of the company’s stock, valued at approximately $335,209,935.48. The disclosure for this sale can be found here. Insiders sold 163,620 shares of company stock worth $15,252,438 over the last ninety days. 10.80% of the stock is currently owned by corporate 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.

Institutional Ownership by Quarter for Liberty Broadband Corporation (NASDAQ:LBRDK)

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