Mraz Amerine & Associates Inc. Has $211,000 Position in Liberty Broadband Corporation (LBRDA)
Mraz Amerine & Associates Inc. cut its position in Liberty Broadband Corporation (NASDAQ:LBRDA) by 0.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 2,454 shares of the company’s stock after selling 16 shares during the period. Mraz Amerine & Associates Inc.’s holdings in Liberty Broadband Corporation were worth $211,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in LBRDA. Opera Trading Capital acquired a new position in Liberty Broadband Corporation during the second quarter worth approximately $1,820,000. Aperio Group LLC increased its position in Liberty Broadband Corporation by 35.0% in the second quarter. Aperio Group LLC now owns 4,681 shares of the company’s stock worth $402,000 after buying an additional 1,214 shares in the last quarter. Kirr Marbach & Co. LLC IN increased its position in Liberty Broadband Corporation by 0.9% in the second quarter. Kirr Marbach & Co. LLC IN now owns 20,790 shares of the company’s stock worth $1,784,000 after buying an additional 187 shares in the last quarter. Cutler Group LP increased its position in Liberty Broadband Corporation by 26.6% in the second quarter. Cutler Group LP now owns 3,984 shares of the company’s stock worth $341,000 after buying an additional 838 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Liberty Broadband Corporation by 22.6% in the first quarter. Goldman Sachs Group Inc. now owns 33,647 shares of the company’s stock worth $2,864,000 after buying an additional 6,194 shares in the last quarter. 81.60% of the stock is owned by hedge funds and other institutional investors.
Shares of Liberty Broadband Corporation (NASDAQ:LBRDA) traded down 0.04% during trading on Friday, hitting $101.61. 199,274 shares of the stock traded hands. Liberty Broadband Corporation has a 52 week low of $61.69 and a 52 week high of $103.01. The firm’s 50-day moving average price is $90.67 and its 200-day moving average price is $86.67. The company has a market cap of $18.48 billion, a price-to-earnings ratio of 597.71 and a beta of 1.48.
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LBRDA has been the subject of several analyst reports. BidaskClub raised shares of Liberty Broadband Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Zacks Investment Research raised shares of Liberty Broadband Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. One analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Liberty Broadband Corporation presently has an average rating of “Buy” and an average target price of $96.00.
In other Liberty Broadband Corporation news, Director John C. Malone sold 23,000 shares of the firm’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $84.53, for a total value of $1,944,190.00. Following the completion of the transaction, the director now directly owns 3,782,554 shares in the company, valued at $319,739,289.62. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director John C. Malone sold 40,000 shares of Liberty Broadband Corporation stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $87.67, for a total value of $3,506,800.00. Following the transaction, the director now owns 3,805,554 shares of the company’s stock, valued at $333,632,919.18. The disclosure for this sale can be found here. Insiders have sold 148,200 shares of company stock worth $13,432,229 in the last 90 days. Company insiders own 6.09% of the company’s stock.
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.
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