Teachers Advisors LLC lifted its position in Liberty Broadband Corporation (NASDAQ:LBRDA) by 1.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,879 shares of the company’s stock after purchasing an additional 313 shares during the quarter. Teachers Advisors LLC’s holdings in Liberty Broadband Corporation were worth $2,563,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. KCG Holdings Inc. acquired a new position in Liberty Broadband Corporation during the first quarter worth $246,000. Janney Montgomery Scott LLC raised its stake in Liberty Broadband Corporation by 5.9% during the second quarter. Janney Montgomery Scott LLC now owns 2,999 shares of the company’s stock worth $257,000 after acquiring an additional 166 shares in the last quarter. Paloma Partners Management Co acquired a new position in Liberty Broadband Corporation during the first quarter worth $294,000. Karp Capital Management Corp acquired a new position in Liberty Broadband Corporation during the first quarter worth $295,000. Finally, Cutler Group LP raised its stake in Liberty Broadband Corporation by 26.6% during the second quarter. Cutler Group LP now owns 3,984 shares of the company’s stock worth $341,000 after acquiring an additional 838 shares in the last quarter. Institutional investors and hedge funds own 11.85% of the company’s stock.

In other news, Director John C. Malone sold 8,550 shares of the business’s stock in a transaction on Monday, October 16th. The stock was sold at an average price of $94.87, for a total transaction of $811,138.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John C. Malone sold 34,500 shares of the business’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $95.18, for a total value of $3,283,710.00. The disclosure for this sale can be found here. Insiders have sold a total of 527,775 shares of company stock valued at $51,996,126 in the last three months. 6.09% of the stock is owned by insiders.

LBRDA has been the subject of several recent analyst reports. BidaskClub upgraded Liberty Broadband Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 1st. Telsey Advisory Group reiterated an “outperform” rating and set a $125.00 price objective (up from $95.00) on shares of Liberty Broadband Corporation in a research note on Thursday, September 7th. TheStreet lowered Liberty Broadband Corporation from a “b” rating to a “c+” rating in a research note on Wednesday, August 16th. Finally, Pivotal Research reiterated a “buy” rating and set a $108.00 price objective (up from $107.00) on shares of Liberty Broadband Corporation in a research note on Tuesday, August 15th. Three investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $111.67.

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Shares of Liberty Broadband Corporation (LBRDA) opened at 91.53 on Friday. The company has a market cap of $16.64 billion, a PE ratio of 538.41 and a beta of 1.43. Liberty Broadband Corporation has a one year low of $61.69 and a one year high of $104.35. The stock’s 50 day moving average price is $96.14 and its 200 day moving average price is $91.20.

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.

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

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