Liberty Broadband Corp. (NASDAQ:LBRDA) shares hit a new 52-week high on Thursday . The stock traded as high as $60.42 and last traded at $59.89, with a volume of 32,695 shares traded. The stock had previously closed at $59.72.

LBRDA has been the subject of several research analyst reports. Deutsche Bank AG reaffirmed a “buy” rating and set a $76.00 target price on shares of Liberty Broadband Corp. in a research note on Sunday, May 22nd. Zacks Investment Research lowered shares of Liberty Broadband Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, May 24th. Wunderlich increased their target price on shares of Liberty Broadband Corp. from $70.00 to $73.00 and gave the stock a “buy” rating in a research note on Wednesday, June 22nd. Pivotal Research increased their target price on shares of Liberty Broadband Corp. from $74.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, May 24th. Finally, TheStreet raised shares of Liberty Broadband Corp. from a “sell” rating to a “hold” rating in a research note on Monday, April 11th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $72.20.

The company’s 50-day moving average is $58.75 and its 200-day moving average is $54.35. The firm’s market capitalization is $6.18 billion.

In related news, Director John C. Malone sold 26,000 shares of the business’s stock in a transaction dated Monday, May 2nd. The shares were sold at an average price of $58.22, for a total value of $1,513,720.00. Following the completion of the transaction, the director now owns 4,198,454 shares of the company’s stock, valued at approximately $244,433,991.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director John C. Malone sold 66,500 shares of the business’s stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $59.37, for a total transaction of $3,948,105.00. Following the completion of the transaction, the director now directly owns 4,175,054 shares of the company’s stock, valued at approximately $247,872,955.98. The disclosure for this sale can be found here.

A number of hedge funds and institutional investors have recently made changes to their positions in LBRDA. Rhumbline Advisers increased its position in shares of Liberty Broadband Corp. by 0.5% in the fourth quarter. Rhumbline Advisers now owns 23,474 shares of the company’s stock valued at $1,212,000 after buying an additional 112 shares during the last quarter. OTA Financial Group L.P. purchased a new position in shares of Liberty Broadband Corp. during the fourth quarter valued at $1,221,000. California State Teachers Retirement System increased its position in shares of Liberty Broadband Corp. by 1.5% in the fourth quarter. California State Teachers Retirement System now owns 49,966 shares of the company’s stock valued at $2,581,000 after buying an additional 718 shares during the last quarter. First Trust Advisors LP increased its position in shares of Liberty Broadband Corp. by 0.3% in the fourth quarter. First Trust Advisors LP now owns 74,584 shares of the company’s stock valued at $3,852,000 after buying an additional 255 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its position in shares of Liberty Broadband Corp. by 3.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 216,543 shares of the company’s stock valued at $11,184,000 after buying an additional 7,794 shares during the last quarter.

Liberty Broadband Corporation holds interests in Charter Communications, Inc (Charter), TruePosition, Inc (TruePosition) and Time Warner Cable, Inc (TWC). The Company’s segments include Trueposition, Charter, and Corporate and other. The TruePosition segment includes the operations of TruePosition, a subsidiary of the Company that develops and markets technology for locating wireless phones and other wireless devices on a cellular network, enabling wireless carriers and government agencies to provide public safety E-9-1-1 services domestically and services in support of national security and law enforcement across the world.

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