Citadel Advisors LLC grew its holdings in shares of Liberty Broadband Corporation (NASDAQ:LBRDA) by 896.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 27,284 shares of the company’s stock after buying an additional 24,547 shares during the quarter. Citadel Advisors LLC’s holdings in Liberty Broadband Corporation were worth $2,341,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in Liberty Broadband Corporation by 4.5% during the second quarter. Vanguard Group Inc. now owns 1,748,982 shares of the company’s stock worth $150,045,000 after buying an additional 75,769 shares during the period. FMR LLC grew its stake in Liberty Broadband Corporation by 32.5% during the first quarter. FMR LLC now owns 1,722,101 shares of the company’s stock worth $146,534,000 after buying an additional 422,727 shares during the period. BlackRock Inc. grew its stake in Liberty Broadband Corporation by 20,817.7% during the first quarter. BlackRock Inc. now owns 1,567,360 shares of the company’s stock worth $133,368,000 after buying an additional 1,559,867 shares during the period. Artemis Investment Management LLP grew its stake in Liberty Broadband Corporation by 40.6% during the second quarter. Artemis Investment Management LLP now owns 669,279 shares of the company’s stock worth $58,050,000 after buying an additional 193,130 shares during the period. Finally, Franklin Resources Inc. grew its stake in Liberty Broadband Corporation by 8.1% during the second quarter. Franklin Resources Inc. now owns 333,328 shares of the company’s stock worth $28,596,000 after buying an additional 25,016 shares during the period. Institutional investors own 11.85% of the company’s stock.

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

In other Liberty Broadband Corporation news, Director John C. Malone sold 5,700 shares of the stock in a transaction that occurred on 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 sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John C. Malone sold 11,400 shares of the stock in a transaction that occurred on Tuesday, August 15th. The shares were sold at an average price of $101.98, for a total value of $1,162,572.00. Following the transaction, the director now owns 3,748,054 shares in the company, valued at approximately $382,226,546.92. The disclosure for this sale can be found here. Insiders sold 513,425 shares of company stock worth $50,350,602 in the last 90 days. 6.09% of the stock is currently owned by corporate insiders.

Liberty Broadband Corporation (NASDAQ:LBRDA) opened at 94.18 on Friday. The stock’s 50 day moving average is $99.79 and its 200-day moving average is $89.69. Liberty Broadband Corporation has a 52-week low of $61.69 and a 52-week high of $104.35. The firm has a market capitalization of $17.12 billion, a PE ratio of 554.00 and a beta of 1.48.

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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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