Balyasny Asset Management LLC bought a new stake in Liberty Broadband Corporation (NASDAQ:LBRDA) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 4,084 shares of the company’s stock, valued at approximately $350,000.

Other institutional investors have also made changes to their positions in the company. D.A. Davidson & CO. increased its holdings in shares of Liberty Broadband Corporation by 0.8% in the 2nd quarter. D.A. Davidson & CO. now owns 1,604 shares of the company’s stock valued at $137,000 after acquiring an additional 13 shares during the period. Amalgamated Bank acquired a new position in shares of Liberty Broadband Corporation in the 2nd quarter valued at $213,000. KCG Holdings Inc. acquired a new position in shares of Liberty Broadband Corporation in the 1st quarter valued at $246,000. Janney Montgomery Scott LLC increased its holdings in shares of Liberty Broadband Corporation by 5.9% in the 2nd quarter. Janney Montgomery Scott LLC now owns 2,999 shares of the company’s stock valued at $257,000 after acquiring an additional 166 shares during the period. Finally, Paloma Partners Management Co acquired a new position in shares of Liberty Broadband Corporation in the 1st quarter valued at $294,000. 11.85% of the stock is currently owned by institutional investors and hedge funds.

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In other news, Director John C. Malone sold 34,500 shares of the firm’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $95.18, for a total transaction of $3,283,710.00. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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. The disclosure for this sale can be found here. Insiders sold 527,775 shares of company stock worth $51,996,126 over the last quarter. 6.09% of the stock is currently owned by company insiders.

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

Liberty Broadband Corporation (LBRDA) opened at 91.53 on Friday. Liberty Broadband Corporation has a 52 week low of $61.69 and a 52 week high of $104.35. The firm has a 50-day moving average of $96.14 and a 200 day moving average of $91.20. The firm has a market capitalization of $16.64 billion, a PE ratio of 538.41 and a beta of 1.43.

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.

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

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