Liberty Broadband Corporation (LBRDK) Stake Held by Vantage Investment Advisors LLC
Vantage Investment Advisors LLC held its stake in Liberty Broadband Corporation (NASDAQ:LBRDK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,098 shares of the company’s stock at the end of the second quarter. Vantage Investment Advisors LLC’s holdings in Liberty Broadband Corporation were worth $269,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Creative Planning lifted its position in Liberty Broadband Corporation by 1.9% during the 2nd quarter. Creative Planning now owns 5,853 shares of the company’s stock valued at $508,000 after acquiring an additional 107 shares during the period. Karp Capital Management Corp purchased a new position in Liberty Broadband Corporation during the 1st quarter valued at about $730,000. State Street Corp lifted its position in Liberty Broadband Corporation by 3.8% during the 1st quarter. State Street Corp now owns 1,984,745 shares of the company’s stock valued at $171,487,000 after acquiring an additional 73,536 shares during the period. Nomura Asset Management Co. Ltd. lifted its position in Liberty Broadband Corporation by 10.3% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 12,878 shares of the company’s stock valued at $1,113,000 after acquiring an additional 1,198 shares during the period. Finally, State of Alaska Department of Revenue lifted its position in Liberty Broadband Corporation by 12.2% during the 2nd quarter. State of Alaska Department of Revenue now owns 6,874 shares of the company’s stock valued at $596,000 after acquiring an additional 750 shares during the period. 63.19% of the stock is owned by institutional investors.
A number of research analysts recently issued reports on the stock. TheStreet cut shares of Liberty Broadband Corporation from a “b” rating to a “c+” rating in a research report on Wednesday, August 16th. Zacks Investment Research cut shares of Liberty Broadband Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. Finally, Morgan Stanley reissued 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.
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In other Liberty Broadband Corporation news, Director John C. Malone sold 23,000 shares of the stock in a transaction dated 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 transaction, the director now directly owns 3,782,554 shares in the company, valued at approximately $319,739,289.62. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director John C. Malone sold 5,700 shares of the 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 transaction, 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. Over the last quarter, insiders have sold 163,620 shares of company stock worth $15,252,438. 10.80% of the stock is owned by company insiders.
Shares of Liberty Broadband Corporation (NASDAQ:LBRDK) traded down 0.82% on Friday, reaching $101.71. 915,495 shares of the company’s stock traded hands. Liberty Broadband Corporation has a 12-month low of $63.64 and a 12-month high of $104.66. The stock has a 50-day moving average price of $99.16 and a 200-day moving average price of $89.99. The company has a market cap of $18.49 billion, a PE ratio of 598.29 and a beta of 1.44.
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.
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