Ameriprise Financial Inc. lessened its holdings in shares of Liberty Broadband Corp (NASDAQ:LBRDK) by 16.8% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 42,268 shares of the company’s stock after selling 8,511 shares during the quarter. Ameriprise Financial Inc.’s holdings in Liberty Broadband were worth $4,029,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. lifted its position in Liberty Broadband 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 buying an additional 508,748 shares during the last quarter. Harris Associates L P lifted its position in Liberty Broadband by 9.2% in the 2nd quarter. Harris Associates L P now owns 1,834,770 shares of the company’s stock worth $159,166,000 after buying an additional 154,535 shares during the last quarter. Naya Capital Management UK Ltd. lifted its position in Liberty Broadband by 7.3% in the 2nd quarter. Naya Capital Management UK Ltd. now owns 1,079,714 shares of the company’s stock worth $93,665,000 after buying an additional 73,024 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in Liberty Broadband by 72.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 978,077 shares of the company’s stock worth $84,849,000 after buying an additional 410,879 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in Liberty Broadband by 7.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 721,472 shares of the company’s stock worth $62,589,000 after buying an additional 47,163 shares during the last quarter. Hedge funds and other institutional investors own 54.02% of the company’s stock.

Shares of Liberty Broadband Corp (NASDAQ:LBRDK) opened at $85.16 on Tuesday. 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 Corp has a 12-month low of $72.00 and a 12-month high of $104.66. The firm has a market capitalization of $15,485.92, a P/E ratio of 851.69 and a beta of 1.29.

In other Liberty Broadband news, Director John E. Welsh III bought 2,000 shares of Liberty Broadband stock in a transaction dated Friday, December 22nd. The shares were purchased at an average cost of $85.50 per share, with a total value of $171,000.00. Following the completion of the purchase, the director now owns 5,000 shares of the company’s stock, valued at $427,500. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 transaction, the director now directly owns 3,418,279 shares in the company, valued at $318,993,796.28. The disclosure for this sale can be found here. Insiders own 10.80% of the company’s stock.

Separately, Zacks Investment Research upgraded Liberty Broadband from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th.

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About Liberty Broadband

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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