Liberty Broadband Corp. (NASDAQ:LBRDA) hit a new 52-week high during trading on Thursday . The stock traded as high as $62.54 and last traded at $62.10, with a volume of 33,978 shares trading hands. The stock had previously closed at $62.04.

Several equities research analysts recently commented on the stock. Zacks Investment Research upgraded shares of Liberty Broadband Corp. from a “sell” rating to a “buy” rating and set a $66.00 price target for the company in a research report on Tuesday, May 3rd. Pivotal Research upped their price target 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. TheStreet upgraded shares of Liberty Broadband Corp. from a “sell” rating to a “hold” rating in a research report on Monday, April 11th. Wunderlich upped their price target 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. Finally, Deutsche Bank AG restated a “buy” rating and issued a $76.00 price target on shares of Liberty Broadband Corp. in a research report on Sunday, May 22nd. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $72.80.

The company’s market capitalization is $6.45 billion. The stock has a 50 day moving average price of $59.70 and a 200-day moving average price of $55.06.

In other news, Director John C. Malone sold 26,000 shares of the company’s stock in a transaction dated Monday, May 2nd. The stock was sold at an average price of $58.22, for a total value 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 can be accessed through this link. Also, Director John C. Malone sold 66,500 shares of the company’s stock in a transaction dated 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 completion of 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.

Other institutional investors have recently made changes to their positions in the company. Dimensional Fund Advisors LP boosted 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 worth $11,184,000 after buying an additional 7,794 shares during the last quarter. Principal Financial Group Inc. boosted 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 worth $55,333,000 after buying an additional 40,412 shares during the last quarter. Rhumbline Advisers boosted 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. First Trust Advisors LP boosted 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 worth $3,852,000 after buying an additional 255 shares during the last quarter. Finally, California State Teachers Retirement System boosted 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.

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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