Shares of Liberty Broadband Corp. (NASDAQ:LBRDA) reached 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 analysts have recently issued reports on LBRDA shares. Zacks Investment Research lowered shares of Liberty Broadband Corp. from a “hold” rating to a “sell” rating in a research note on Thursday, April 14th. Pivotal Research lifted their price objective on shares of Liberty Broadband Corp. from $74.00 to $77.00 and gave the company a “buy” rating in a research note on Tuesday, May 24th. Deutsche Bank AG reiterated a “buy” rating and set a $76.00 price objective on shares of Liberty Broadband Corp. in a research note on Sunday, May 22nd. TheStreet upgraded shares of Liberty Broadband Corp. from a “sell” rating to a “hold” rating in a research note on Monday, April 11th. Finally, Wunderlich lifted their price target on shares of Liberty Broadband Corp. from $70.00 to $73.00 and gave the stock a “buy” rating in a research note on Wednesday, June 22nd. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $72.80.

The company’s market capitalization is $6.44 billion. The stock has a 50 day moving average price of $59.28 and a 200 day moving average price of $54.77.

In other news, Director John C. Malone sold 26,000 shares of the 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 sale, the director now owns 4,198,454 shares in the company, valued at $244,433,991.88. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John C. Malone sold 66,500 shares of the stock in a transaction 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 sale, the director now owns 4,175,054 shares in the company, valued at approximately $247,872,955.98. The disclosure for this sale can be found here.

Several hedge funds have made changes to their positions in the company. Dimensional Fund Advisors LP boosted 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 valued at $11,184,000 after buying an additional 7,794 shares during the last quarter. Principal Financial Group Inc. boosted its stake 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. Rhumbline Advisers boosted its stake 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 valued at $1,212,000 after buying an additional 112 shares during the last quarter. First Trust Advisors LP boosted 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 valued at $3,852,000 after buying an additional 255 shares during the last quarter. Finally, California State Teachers Retirement System boosted its stake 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.

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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