Liberty Broadband Corporation (NASDAQ:LBRDK) Director John C. Malone sold 8,550 shares of the firm’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $94.87, for a total value of $811,138.50. Following the sale, the director now directly owns 3,418,279 shares of the company’s stock, valued at approximately $324,292,128.73. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink.

Liberty Broadband Corporation (NASDAQ LBRDK) traded down 1.05% on Wednesday, reaching $93.00. The company’s stock had a trading volume of 340,578 shares. The firm has a market cap of $16.91 billion, a price-to-earnings ratio of 547.06 and a beta of 1.40. The firm has a 50 day moving average of $97.89 and a 200 day moving average of $92.09. Liberty Broadband Corporation has a 12 month low of $63.64 and a 12 month high of $104.66.

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LBRDK has been the topic of several recent research reports. TheStreet cut Liberty Broadband Corporation from a “b” rating to a “c+” rating in a research report on Wednesday, August 16th. Morgan Stanley reiterated an “equal weight” rating and set a $95.00 price objective (up previously from $91.00) on shares of Liberty Broadband Corporation in a research report on Monday, July 17th. Finally, Zacks Investment Research upgraded Liberty Broadband Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. D.A. Davidson & CO. lifted its holdings in Liberty Broadband Corporation by 0.8% during the 2nd quarter. D.A. Davidson & CO. now owns 2,784 shares of the company’s stock worth $241,000 after purchasing an additional 23 shares in the last quarter. Capstone Asset Management Co. lifted its holdings in Liberty Broadband Corporation by 3.4% during the 2nd quarter. Capstone Asset Management Co. now owns 2,456 shares of the company’s stock worth $213,000 after purchasing an additional 80 shares in the last quarter. Creative Planning lifted its holdings in Liberty Broadband Corporation by 1.9% during the 2nd quarter. Creative Planning now owns 5,853 shares of the company’s stock worth $508,000 after purchasing an additional 107 shares in the last quarter. Raymond James Financial Services Advisors Inc. lifted its holdings in Liberty Broadband Corporation by 5.1% during the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 2,614 shares of the company’s stock worth $227,000 after purchasing an additional 128 shares in the last quarter. Finally, Utah Retirement Systems lifted its holdings in Liberty Broadband Corporation by 0.7% during the 2nd quarter. Utah Retirement Systems now owns 18,985 shares of the company’s stock worth $1,647,000 after purchasing an additional 138 shares in the last quarter. 53.19% of the stock is currently owned by institutional investors and hedge funds.

About Liberty Broadband Corporation

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.

Insider Buying and Selling by Quarter for Liberty Broadband Corporation (NASDAQ:LBRDK)

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