Liberty Broadband Corporation (LBRDA) Holdings Trimmed by Russell Investments Group Ltd.

Russell Investments Group Ltd. trimmed its holdings in Liberty Broadband Corporation (NASDAQ:LBRDA) by 37.0% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,615 shares of the company’s stock after selling 2,125 shares during the quarter. Russell Investments Group Ltd.’s holdings in Liberty Broadband Corporation were worth $310,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of LBRDA. MAI Capital Management bought a new position in shares of Liberty Broadband Corporation during the 1st quarter valued at approximately $210,000. M&T Bank Corp bought a new position in shares of Liberty Broadband Corporation during the 1st quarter valued at approximately $225,000. KCG Holdings Inc. bought a new position in shares of Liberty Broadband Corporation during the 1st quarter valued at approximately $246,000. Paloma Partners Management Co bought a new position in shares of Liberty Broadband Corporation during the 1st quarter valued at approximately $294,000. Finally, Karp Capital Management Corp bought a new position in shares of Liberty Broadband Corporation during the 1st quarter valued at approximately $295,000. Institutional investors and hedge funds own 11.85% of the company’s stock.

In other news, Director John C. Malone sold 45,000 shares of Liberty Broadband Corporation stock in a transaction that occurred on Monday, July 24th. The stock was sold at an average price of $90.09, for a total value of $4,054,050.00. Following the sale, the director now directly owns 3,782,554 shares of the company’s stock, valued at $340,770,289.86. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director John C. Malone sold 5,700 shares of Liberty Broadband Corporation stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $88.62, for a total value of $505,134.00. Following the completion of the sale, the director now directly owns 3,782,554 shares in the company, valued at $335,209,935.48. The disclosure for this sale can be found here. Insiders sold 468,425 shares of company stock worth $46,111,152 over the last ninety days. Corporate insiders own 6.09% of the company’s stock.

Liberty Broadband Corporation (NASDAQ:LBRDA) traded down 0.01% on Friday, hitting $94.08. The stock had a trading volume of 98,891 shares. The company has a 50-day moving average of $99.79 and a 200 day moving average of $89.69. The company has a market cap of $17.11 billion, a PE ratio of 553.41 and a beta of 1.48. Liberty Broadband Corporation has a 12 month low of $61.69 and a 12 month high of $104.35.

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A number of research firms have recently commented on LBRDA. Pivotal Research reiterated a “buy” rating and set a $108.00 target price (up from $107.00) on shares of Liberty Broadband Corporation in a research report on Tuesday, August 15th. TheStreet downgraded Liberty Broadband Corporation from a “b” rating to a “c+” rating in a research report on Wednesday, August 16th. BidaskClub upgraded Liberty Broadband Corporation from a “buy” rating to a “strong-buy” rating in a research report on Tuesday, August 1st. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $125.00 target price (up from $95.00) on shares of Liberty Broadband Corporation in a research report on Thursday, September 7th. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Liberty Broadband Corporation currently has a consensus rating of “Buy” and an average price target of $111.67.

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.

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

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