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

Several equities analysts recently issued reports on LBRDK shares. Zacks Investment Research upgraded Liberty Broadband Corp. from a “hold” rating to a “buy” rating and set a $65.00 price objective for the company in a research report on Thursday, March 31st. TheStreet upgraded Liberty Broadband Corp. from a “sell” rating to a “hold” rating in a research report on Monday, April 11th.

The stock’s 50-day moving average is $59.23 and its 200 day moving average is $54.46. The firm’s market capitalization is $6.35 billion.

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

Other institutional investors have recently bought and sold shares of the company. Rhumbline Advisers increased its position in 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 in the last quarter. California State Teachers Retirement System increased its position in 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 in the last quarter. US Bancorp DE increased its position in 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 in the last quarter. Wells Fargo & Company MN increased its position in 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 in the last quarter. Finally, Dimensional Fund Advisors LP increased its position in Liberty Broadband Corp. by 2.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 580,861 shares of the company’s stock valued at $30,124,000 after buying an additional 12,915 shares in 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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