California Public Employees Retirement System grew its position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 15.6% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 251,400 shares of the company’s stock after buying an additional 33,900 shares during the quarter. California Public Employees Retirement System owned 0.14% of Liberty Broadband Corporation worth $21,809,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in LBRDK. Vanguard Group Inc. increased its stake in shares of Liberty Broadband Corporation by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 10,583,739 shares of the company’s stock worth $914,435,000 after purchasing an additional 382,431 shares in the last quarter. BlackRock Inc. increased its stake in shares of Liberty Broadband Corporation by 9.3% in the 2nd quarter. BlackRock Inc. now owns 5,960,819 shares of the company’s stock worth $517,099,000 after purchasing an additional 508,748 shares in the last quarter. FMR LLC increased its stake in shares of Liberty Broadband Corporation by 2.2% in the 1st quarter. FMR LLC now owns 2,882,656 shares of the company’s stock worth $249,062,000 after purchasing an additional 62,218 shares in the last quarter. State Street Corp increased its stake in shares of Liberty Broadband Corporation by 3.8% in the 1st quarter. State Street Corp now owns 1,984,745 shares of the company’s stock worth $171,487,000 after purchasing an additional 73,536 shares in the last quarter. Finally, Naya Capital Management UK Ltd. purchased a new stake in shares of Liberty Broadband Corporation in the 1st quarter worth $86,978,000. 63.18% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Liberty Broadband Corporation (NASDAQ LBRDK) opened at 95.30 on Friday. The stock has a market cap of $17.33 billion, a price-to-earnings ratio of 560.59 and a beta of 1.44. The firm has a 50-day moving average price of $100.50 and a 200-day moving average price of $90.72. Liberty Broadband Corporation has a 52 week low of $63.64 and a 52 week high of $104.66.

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LBRDK has been the subject of several analyst reports. Zacks Investment Research upgraded Liberty Broadband Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Morgan Stanley restated an “equal weight” rating and issued a $95.00 price objective (up from $91.00) on shares of Liberty Broadband Corporation in a research note on Monday, July 17th. Finally, TheStreet lowered Liberty Broadband Corporation from a “b” rating to a “c+” rating in a research note on Wednesday, August 16th.

In related news, Director John C. Malone sold 45,000 shares of the business’s stock in a transaction on Monday, September 25th. The shares were sold at an average price of $94.21, for a total transaction of $4,239,450.00. Following the completion of the transaction, the director now directly owns 3,452,779 shares in the company, valued at $325,286,309.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John C. Malone sold 66,920 shares of the business’s stock in a transaction 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 transaction, the director now owns 3,498,779 shares of the company’s stock, valued at $351,907,191.82. The disclosure for this sale can be found here. Insiders have sold 194,170 shares of company stock valued at $18,312,478 over the last 90 days. 10.80% of the stock is currently owned by insiders.

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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