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

Several research firms have recently issued reports on LBRDA. Zacks Investment Research upgraded shares of Liberty Broadband Corp. from a “sell” rating to a “buy” rating and set a $66.00 target price for the company in a research note on Tuesday, May 3rd. Buckingham Research upgraded shares of Liberty Broadband Corp. from a “neutral” rating to a “buy” rating and upped their target price for the stock from $59.00 to $69.00 in a research note on Friday, March 18th. Wunderlich reduced their target price on shares of Liberty Broadband Corp. from $72.00 to $70.00 and set a “buy” rating for the company in a research note on Monday, March 21st. TheStreet upgraded shares of Liberty Broadband Corp. from a “sell” rating to a “hold” rating in a research note on Monday, April 11th. Finally, Pivotal Research upped 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. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $72.20.

The firm has a 50-day moving average price of $58.92 and a 200 day moving average price of $54.47. The company’s market cap is $6.29 billion.

In other Liberty Broadband Corp. news, Director John C. Malone sold 66,500 shares of the firm’s stock in a transaction on Friday, June 3rd. The stock was 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 owns 4,175,054 shares of the company’s stock, valued at $247,872,955.98. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director John C. Malone sold 26,000 shares of the firm’s stock in a transaction on 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 transaction, the director now directly owns 4,198,454 shares of the company’s stock, valued at approximately $244,433,991.88. The disclosure for this sale can be found here.

A number of institutional investors have recently made changes to their positions in the stock. OTA Financial Group L.P. purchased a new position in shares of Liberty Broadband Corp. during the fourth quarter valued at approximately $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. Principal Financial Group Inc. increased its position in shares of Liberty Broadband Corp. by 3.9% in the fourth quarter. Principal Financial Group Inc. now owns 1,071,333 shares of the company’s stock valued at $55,333,000 after buying an additional 40,412 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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