Leucadia National Corp acquired a new stake in Liberty Broadband Corporation (NASDAQ:LBRDA) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 112,076 shares of the company’s stock, valued at approximately $9,615,000. Liberty Broadband Corporation makes up approximately 0.8% of Leucadia National Corp’s investment portfolio, making the stock its 14th largest position. Leucadia National Corp owned approximately 0.06% of Liberty Broadband Corporation at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of LBRDA. MAI Capital Management bought a new position in Liberty Broadband Corporation during the first quarter valued at approximately $210,000. Mraz Amerine & Associates Inc. bought a new position in Liberty Broadband Corporation during the first quarter valued at approximately $222,000. M&T Bank Corp bought a new position in Liberty Broadband Corporation during the first quarter valued at approximately $225,000. Great Lakes Advisors LLC acquired a new stake in Liberty Broadband Corporation during the first quarter valued at about $229,000. Finally, Janney Montgomery Scott LLC acquired a new stake in Liberty Broadband Corporation during the first quarter valued at about $241,000. 81.97% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Corporation (NASDAQ LBRDA) traded down 0.26% during mid-day trading on Monday, hitting $98.67. The company had a trading volume of 13,163 shares. The firm has a market capitalization of $17.94 billion, a P/E ratio of 580.41 and a beta of 1.48. The company has a 50-day moving average price of $94.85 and a 200 day moving average price of $87.93. Liberty Broadband Corporation has a 12 month low of $61.69 and a 12 month high of $104.35.

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Several analysts recently issued reports on LBRDA shares. Zacks Investment Research upgraded Liberty Broadband Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, May 16th. BidaskClub cut Liberty Broadband Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. TheStreet cut Liberty Broadband Corporation from a “b” rating to a “c+” rating in a research report on Wednesday, August 16th. Finally, Pivotal Research reiterated a “buy” rating and set a $108.00 target price (up previously from $107.00) on shares of Liberty Broadband Corporation in a research report on Tuesday, August 15th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $101.67.

In other news, Director John C. Malone sold 5,700 shares of Liberty Broadband Corporation stock in a transaction that occurred on Monday, July 17th. The shares were sold at an average price of $88.62, for a total transaction of $505,134.00. Following the completion of the sale, the director now directly owns 3,782,554 shares in the company, valued at approximately $335,209,935.48. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John C. Malone sold 23,000 shares of Liberty Broadband Corporation stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $84.53, for a total transaction of $1,944,190.00. Following the sale, the director now owns 3,782,554 shares of the company’s stock, valued at $319,739,289.62. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 453,875 shares of company stock valued at $44,135,871. Insiders own 6.09% of the company’s stock.

About Liberty Broadband Corporation

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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