Engineers Gate Manager LP acquired a new position in Liberty Broadband Corporation (NASDAQ:LBRDK) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 27,339 shares of the company’s stock, valued at approximately $2,605,000.

Other hedge funds have also recently made changes to their positions in the company. Capstone Asset Management Co. grew its position in shares of Liberty Broadband 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 buying an additional 80 shares during the period. Bank of Montreal Can grew its position in shares of Liberty Broadband by 1,453.7% during the 2nd quarter. Bank of Montreal Can now owns 12,228 shares of the company’s stock worth $1,061,000 after buying an additional 11,441 shares during the period. Aperio Group LLC grew its position in shares of Liberty Broadband by 4.1% during the 2nd quarter. Aperio Group LLC now owns 8,791 shares of the company’s stock worth $763,000 after buying an additional 345 shares during the period. Russell Investments Group Ltd. grew its position in shares of Liberty Broadband by 5.3% during the 2nd quarter. Russell Investments Group Ltd. now owns 52,568 shares of the company’s stock worth $4,561,000 after buying an additional 2,635 shares during the period. Finally, Strs Ohio grew its position in shares of Liberty Broadband by 8.2% in the 2nd quarter. Strs Ohio now owns 16,407 shares of the company’s stock valued at $1,423,000 after purchasing an additional 1,241 shares during the period. Hedge funds and other institutional investors own 54.05% of the company’s stock.

LBRDK has been the subject of several research analyst reports. Zacks Investment Research upgraded Liberty Broadband from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. TheStreet lowered Liberty Broadband from a “b” rating to a “c+” rating in a research report on Wednesday, August 16th.

Shares of Liberty Broadband Corporation (NASDAQ LBRDK) opened at $85.19 on Thursday. The company has a market capitalization of $15,962.35, a P/E ratio of 877.80 and a beta of 1.30. The company has a debt-to-equity ratio of 0.06, a current ratio of 11.64 and a quick ratio of 11.64. Liberty Broadband Corporation has a 12 month low of $71.52 and a 12 month high of $104.66.

In other Liberty Broadband news, Director John C. Malone sold 8,550 shares of the business’s stock in a transaction that occurred on Monday, October 16th. The stock was sold at an average price of $94.87, for a total value of $811,138.50. Following the sale, the director now owns 3,418,279 shares in the company, valued at approximately $324,292,128.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John C. Malone sold 45,000 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The shares were sold at an average price of $93.32, for a total value of $4,199,400.00. Following the completion of the sale, the director now owns 3,418,279 shares in the company, valued at approximately $318,993,796.28. The disclosure for this sale can be found here. Insiders sold a total of 141,600 shares of company stock worth $13,372,539 in the last 90 days. Company insiders own 10.80% of the company’s stock.

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Liberty Broadband 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 (NASDAQ:LBRDK)

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