Liberty Broadband Corp. (NASDAQ:LBRDK)’s share price reached a new 52-week high during trading on Thursday . The stock traded as high as $61.12 and last traded at $60.58, with a volume of 349,752 shares. The stock had previously closed at $60.42.

LBRDK has been the topic of several recent research reports. Zacks Investment Research raised Liberty Broadband Corp. from a “hold” rating to a “buy” rating and set a $65.00 price target on the stock in a research report on Thursday, March 31st. TheStreet raised Liberty Broadband Corp. from a “sell” rating to a “hold” rating in a research report on Monday, April 11th.

The firm’s market cap is $6.26 billion. The stock’s 50-day moving average price is $59.01 and its 200 day moving average price is $54.33.

In related news, Director John C. Malone sold 26,000 shares of the stock in a transaction dated Monday, May 2nd. The stock was sold at an average price of $58.22, for a total value of $1,513,720.00. Following the completion of the sale, the director now directly owns 4,198,454 shares of the company’s stock, valued at approximately $244,433,991.88. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

A number of hedge funds and institutional investors have recently modified their holdings of LBRDK. Sei Investments Co. raised its position in shares of Liberty Broadband Corp. by 25,292.8% in the fourth quarter. Sei Investments Co. now owns 28,186 shares of the company’s stock valued at $1,462,000 after buying an additional 28,075 shares during the last quarter. Rhumbline Advisers raised its position in shares of Liberty Broadband Corp. by 2.1% in the fourth quarter. Rhumbline Advisers now owns 47,178 shares of the company’s stock valued at $2,447,000 after buying an additional 979 shares during the last quarter. US Bancorp DE raised its position in shares of Liberty Broadband Corp. by 5.7% in the fourth quarter. US Bancorp DE now owns 51,265 shares of the company’s stock valued at $2,659,000 after buying an additional 2,777 shares during the last quarter. California State Teachers Retirement System raised its position in shares of Liberty Broadband Corp. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 126,833 shares of the company’s stock valued at $6,578,000 after buying an additional 1,981 shares during the last quarter. Finally, Wells Fargo & Company MN raised its position in shares of Liberty Broadband Corp. by 1.1% in the fourth quarter. Wells Fargo & Company MN now owns 282,347 shares of the company’s stock valued at $14,643,000 after buying an additional 3,101 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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