Liberty Broadband Corporation (LBRDK) Director John C. Malone Sells 34,500 Shares
Liberty Broadband Corporation (NASDAQ:LBRDK) Director John C. Malone sold 34,500 shares of the stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $95.18, for a total transaction of $3,283,710.00. Following the transaction, the director now owns 3,452,500 shares of the company’s stock, valued at approximately $328,608,950. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Liberty Broadband Corporation (NASDAQ LBRDK) traded up 0.56% during trading on Thursday, reaching $98.07. 244,055 shares of the company traded hands. The firm has a market capitalization of $17.83 billion, a price-to-earnings ratio of 576.88 and a beta of 1.40. The company’s 50-day moving average price is $98.88 and its 200 day moving average price is $91.49. Liberty Broadband Corporation has a 52 week low of $63.64 and a 52 week high of $104.66.
A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its position in Liberty Broadband Corporation by 3.7% in the 1st quarter. Vanguard Group Inc. now owns 10,583,739 shares of the company’s stock worth $914,435,000 after buying an additional 382,431 shares during the last quarter. BlackRock Inc. raised its position in Liberty Broadband Corporation 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. FMR LLC raised its position in Liberty Broadband Corporation by 2.2% in the 1st quarter. FMR LLC now owns 2,882,656 shares of the company’s stock worth $249,062,000 after buying an additional 62,218 shares during the last quarter. State Street Corp raised its position in Liberty Broadband Corporation by 3.8% in the 1st quarter. State Street Corp now owns 1,984,745 shares of the company’s stock worth $171,487,000 after buying an additional 73,536 shares during the last quarter. Finally, Harris Associates L P raised its position in Liberty Broadband Corporation 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. 63.18% of the stock is owned by institutional investors and hedge funds.
LBRDK has been the subject of several research reports. TheStreet lowered shares of Liberty Broadband Corporation from a “b” rating to a “c+” rating in a research report on Wednesday, August 16th. Morgan Stanley restated an “equal weight” rating and set a $95.00 price target (up previously from $91.00) on shares of Liberty Broadband Corporation in a research report on Monday, July 17th. Finally, Zacks Investment Research upgraded shares of Liberty Broadband Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th.
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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