Shares of Liberty Broadband Corp. (NASDAQ:LBRDA) hit a new 52-week high on Thursday . The company 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.

LBRDA has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Liberty Broadband Corp. from a “hold” rating to a “buy” rating and set a $69.00 price target on the stock in a research report on Wednesday, July 13th. Wunderlich increased their target price on Liberty Broadband Corp. from $70.00 to $73.00 and gave the stock a “buy” rating in a research note on Wednesday, June 22nd. Pivotal Research increased their target price on Liberty Broadband Corp. from $74.00 to $77.00 and gave the stock a “buy” rating in a research note on Tuesday, May 24th. Deutsche Bank AG reissued a “buy” rating and set a $76.00 target price on shares of Liberty Broadband Corp. in a research note on Sunday, May 22nd. Finally, TheStreet raised Liberty Broadband Corp. from a “sell” rating to a “hold” rating in a research note on Monday, April 11th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $72.80.

The firm’s market capitalization is $6.53 billion. The stock has a 50 day moving average price of $59.88 and a 200-day moving average price of $55.21.

In related 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 value of $1,513,720.00. Following the transaction, the director now directly owns 4,198,454 shares of the company’s stock, valued at $244,433,991.88. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director John C. Malone sold 66,500 shares of Liberty Broadband Corp. 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 completion of the transaction, the director now directly owns 4,175,054 shares in the company, valued at $247,872,955.98. The disclosure for this sale can be found here.

Other institutional investors recently bought and sold shares of the company. Rhumbline Advisers raised its position in 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 in the last quarter. California State Teachers Retirement System raised its position in 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 in the last quarter. First Trust Advisors LP raised its position in 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 in the last quarter. Dimensional Fund Advisors LP raised its position in 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 in the last quarter. Finally, Principal Financial Group Inc. raised its position in 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 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.