Liberty Broadband Corp. (NASDAQ:LBRDK) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $62.21 and last traded at $62.12, with a volume of 145,615 shares traded. The stock had previously closed at $61.87.

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

The firm’s 50-day moving average is $59.51 and its 200 day moving average is $54.70. The stock’s market capitalization is $6.43 billion.

In other news, Director John C. Malone sold 26,000 shares of Liberty Broadband Corp. stock in a transaction that occurred 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 sale, 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Other hedge funds recently made changes to their positions in the company. Dimensional Fund Advisors LP raised its stake in shares of 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. US Bancorp DE increased 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. Principal Financial Group Inc. increased its position in shares of Liberty Broadband Corp. by 21.7% in the fourth quarter. Principal Financial Group Inc. now owns 3,256,082 shares of the company’s stock valued at $168,858,000 after buying an additional 581,416 shares during the last quarter. Wells Fargo & Company MN increased 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. Finally, Harris Associates L P acquired a new position in shares of Liberty Broadband Corp. during the fourth quarter valued at about $27,674,000.

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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