Bislett Management LLC continued to hold its position in Liberty Broadband Corporation (NASDAQ:LBRDA) during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 140,000 shares of the company’s stock at the end of the second quarter. Liberty Broadband Corporation accounts for 7.3% of Bislett Management LLC’s holdings, making the stock its 4th biggest position. Bislett Management LLC owned about 0.08% of Liberty Broadband Corporation worth $12,011,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. MAI Capital Management purchased a new position in shares of Liberty Broadband Corporation in the 1st quarter worth about $210,000. M&T Bank Corp purchased a new position in shares of Liberty Broadband Corporation in the 1st quarter worth about $225,000. Great Lakes Advisors LLC purchased a new position in shares of Liberty Broadband Corporation in the 1st quarter worth about $229,000. Janney Montgomery Scott LLC purchased a new position in shares of Liberty Broadband Corporation in the 1st quarter worth about $241,000. Finally, KCG Holdings Inc. purchased a new position in shares of Liberty Broadband Corporation in the 1st quarter worth about $246,000. Institutional investors own 81.97% of the company’s stock.

LBRDA has been the topic of a number of research reports. BidaskClub upgraded Liberty Broadband Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Telsey Advisory Group reiterated an “outperform” rating and set a $125.00 target price (up from $95.00) on shares of Liberty Broadband Corporation in a report on Thursday, September 7th. Zacks Investment Research upgraded Liberty Broadband Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. TheStreet downgraded Liberty Broadband Corporation from a “b” rating to a “c+” rating in a report on Wednesday, August 16th. Finally, Pivotal Research reiterated a “buy” rating and set a $108.00 target price (up from $107.00) on shares of Liberty Broadband Corporation in a report on Tuesday, August 15th. One analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Liberty Broadband Corporation has a consensus rating of “Buy” and a consensus target price of $111.67.

In related news, Director John C. Malone sold 182,355 shares of the business’s stock in a transaction dated Friday, August 18th. The stock was sold at an average price of $100.23, for a total transaction of $18,277,441.65. Following the completion of the transaction, the director now owns 3,729,985 shares of the company’s stock, valued at approximately $373,856,396.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 value of $505,134.00. Following the transaction, the director now directly 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 459,875 shares of company stock valued at $45,272,311 in the last ninety days. Insiders own 6.09% of the company’s stock.

ILLEGAL ACTIVITY WARNING: “Liberty Broadband Corporation (LBRDA) is Bislett Management LLC’s 4th Largest Position” was first reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this report on another publication, it was copied illegally and reposted in violation of United States & international copyright law. The legal version of this report can be viewed at https://www.thecerbatgem.com/2017/09/13/liberty-broadband-corporation-lbrda-is-bislett-management-llcs-4th-largest-position.html.

Shares of Liberty Broadband Corporation (NASDAQ:LBRDA) traded up 0.63% during midday trading on Wednesday, hitting $99.36. The company had a trading volume of 34,745 shares. The firm has a market cap of $18.07 billion, a price-to-earnings ratio of 584.47 and a beta of 1.48. Liberty Broadband Corporation has a one year low of $61.69 and a one year high of $104.35. The company’s 50 day moving average is $98.91 and its 200 day moving average is $89.11.

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.

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

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