Tredje AP fonden grew its stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 7.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,666 shares of the company’s stock after buying an additional 3,937 shares during the quarter. Tredje AP fonden’s holdings in Liberty Broadband Corporation were worth $4,916,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the business. Hosking Partners LLP raised its position in shares of Liberty Broadband Corporation by 1.6% during the 2nd quarter. Hosking Partners LLP now owns 101,573 shares of the company’s stock worth $8,811,000 after buying an additional 1,558 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Liberty Broadband Corporation by 144.3% during the 2nd quarter. JPMorgan Chase & Co. now owns 148,017 shares of the company’s stock worth $12,840,000 after buying an additional 87,438 shares in the last quarter. Cannell Peter B & Co. Inc. raised its position in shares of Liberty Broadband Corporation by 2.6% during the 2nd quarter. Cannell Peter B & Co. Inc. now owns 10,616 shares of the company’s stock worth $921,000 after buying an additional 270 shares in the last quarter. Sawtooth Solutions LLC raised its position in shares of Liberty Broadband Corporation by 7.6% during the 2nd quarter. Sawtooth Solutions LLC now owns 3,457 shares of the company’s stock worth $300,000 after buying an additional 245 shares in the last quarter. Finally, Delta Lloyd Asset Management N.V. bought a new stake in shares of Liberty Broadband Corporation during the 2nd quarter worth about $1,160,000. Institutional investors own 63.19% of the company’s stock.

In related news, Director John C. Malone sold 45,000 shares of the stock in a transaction that occurred on Monday, July 24th. The shares were sold at an average price of $90.09, for a total value 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John C. Malone sold 66,920 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $100.58, for a total transaction of $6,730,813.60. Following the completion of the sale, the director now owns 3,498,779 shares in the company, valued at $351,907,191.82. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 163,620 shares of company stock worth $15,252,438. Corporate insiders own 10.80% of the company’s stock.

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Shares of Liberty Broadband Corporation (NASDAQ LBRDK) opened at 102.55 on Friday. The company has a market capitalization of $18.65 billion, a P/E ratio of 603.24 and a beta of 1.44. The firm’s 50 day moving average is $98.83 and its 200-day moving average is $89.90. Liberty Broadband Corporation has a 52-week low of $63.64 and a 52-week high of $104.66.

A number of research firms have commented on LBRDK. TheStreet downgraded shares of Liberty Broadband Corporation from a “b” rating to a “c+” rating in a research report on Wednesday, August 16th. Zacks Investment Research downgraded shares of Liberty Broadband Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. Finally, Morgan Stanley restated an “equal weight” rating and set a $95.00 price target (up from $91.00) on shares of Liberty Broadband Corporation in a research report on Monday, July 17th.

Liberty Broadband Corporation 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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