Liberty Broadband Corp. (NASDAQ:LBRDA) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $61.77 and last traded at $61.73, with a volume of 77,263 shares changing hands. The stock had previously closed at $61.47.

A number of research firms have commented on LBRDA. Zacks Investment Research cut shares of Liberty Broadband Corp. from a “hold” rating to a “sell” rating in a research report on Thursday, April 14th. Pivotal Research upped their target price on shares of Liberty Broadband Corp. from $74.00 to $77.00 and gave the company a “buy” rating in a research report on Tuesday, May 24th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $76.00 target price on shares of Liberty Broadband Corp. in a research report on Sunday, May 22nd. TheStreet raised shares of Liberty Broadband Corp. from a “sell” rating to a “hold” rating in a research report on Monday, April 11th. Finally, Wunderlich upped their target price on shares of Liberty Broadband Corp. from $70.00 to $73.00 and gave the company a “buy” rating in a research report on Wednesday, June 22nd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Liberty Broadband Corp. has a consensus rating of “Buy” and an average price target of $72.80.

The company’s 50-day moving average is $59.08 and its 200 day moving average is $54.66. The company’s market cap is $6.38 billion.

In other Liberty Broadband Corp. news, Director John C. Malone sold 66,500 shares of the company’s stock in a transaction that occurred on Friday, June 3rd. The stock was sold at an average price of $59.37, for a total value of $3,948,105.00. Following the transaction, the director now directly owns 4,175,054 shares of the company’s stock, valued at approximately $247,872,955.98. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director John C. Malone sold 26,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 4,198,454 shares in the company, valued at $244,433,991.88. The disclosure for this sale can be found here.

Other institutional investors have made changes to their positions in the company. Rhumbline Advisers raised 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 worth $1,212,000 after buying an additional 112 shares during the last quarter. OTA Financial Group L.P. acquired a new position in shares of Liberty Broadband Corp. during the fourth quarter worth about $1,221,000. California State Teachers Retirement System raised 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 worth $2,581,000 after buying an additional 718 shares during the last quarter. First Trust Advisors LP increased its stake 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 worth $3,852,000 after buying an additional 255 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake 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 worth $11,184,000 after buying an additional 7,794 shares during the period.

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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