Westfield Capital Management Co. LP trimmed its holdings in Liberty Broadband Corporation (NASDAQ:LBRDA) by 2.7% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 311,320 shares of the company’s stock after selling 8,565 shares during the period. Westfield Capital Management Co. LP owned 0.17% of Liberty Broadband Corporation worth $26,708,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of LBRDA. Teachers Advisors LLC grew its stake in Liberty Broadband Corporation by 4.4% in the 4th quarter. Teachers Advisors LLC now owns 26,542 shares of the company’s stock valued at $1,923,000 after acquiring an additional 1,125 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in Liberty Broadband Corporation in the 1st quarter valued at about $241,000. Russell Investments Group Ltd. grew its stake in Liberty Broadband Corporation by 394.0% in the 1st quarter. Russell Investments Group Ltd. now owns 5,740 shares of the company’s stock valued at $487,000 after acquiring an additional 4,578 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in Liberty Broadband Corporation by 77.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 15,154 shares of the company’s stock valued at $1,289,000 after acquiring an additional 6,600 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in Liberty Broadband Corporation by 14.8% in the 1st quarter. First Trust Advisors LP now owns 123,502 shares of the company’s stock valued at $10,509,000 after acquiring an additional 15,882 shares during the last quarter. 11.85% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Corporation (NASDAQ LBRDA) traded down 0.86% on Monday, reaching $96.17. 14,685 shares of the company’s stock were exchanged. The firm’s 50 day moving average is $99.85 and its 200 day moving average is $89.44. Liberty Broadband Corporation has a 1-year low of $61.69 and a 1-year high of $104.35. The stock has a market capitalization of $17.49 billion, a P/E ratio of 565.71 and a beta of 1.48.

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

In related news, Director John C. Malone sold 23,000 shares of Liberty Broadband Corporation stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $84.53, for a total value of $1,944,190.00. Following the transaction, the director now owns 3,782,554 shares of the company’s stock, valued at approximately $319,739,289.62. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John C. Malone sold 45,000 shares of Liberty Broadband Corporation stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $90.09, for a total value of $4,054,050.00. Following the completion of the transaction, the director now directly owns 3,782,554 shares in the company, valued at approximately $340,770,289.86. The disclosure for this sale can be found here. Insiders sold a total of 459,875 shares of company stock worth $45,272,311 in the last three months. 6.09% of the stock is currently owned by company insiders.

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

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