Liberty Broadband Corp. (NASDAQ:LBRDA) shares reached a new 52-week high during trading on Thursday . The company traded as high as $63.49 and last traded at $63.49, with a volume of 37,354 shares trading hands. The stock had previously closed at $62.87.

A number of brokerages recently issued reports on LBRDA. Zacks Investment Research lowered Liberty Broadband Corp. from a “hold” rating to a “sell” rating in a report on Thursday, April 14th. Pivotal Research boosted their price target on Liberty Broadband Corp. from $74.00 to $77.00 and gave the company a “buy” rating in a report on Tuesday, May 24th. Deutsche Bank AG reiterated a “buy” rating and issued a $76.00 price target on shares of Liberty Broadband Corp. in a report on Sunday, May 22nd. TheStreet upgraded Liberty Broadband Corp. from a “sell” rating to a “hold” rating in a report on Monday, April 11th. Finally, Wunderlich boosted their price target on Liberty Broadband Corp. from $70.00 to $73.00 and gave the company a “buy” rating in a report on Wednesday, June 22nd. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Liberty Broadband Corp. currently has a consensus rating of “Buy” and a consensus price target of $72.80.

The stock’s market cap is $6.54 billion. The stock’s 50-day moving average is $60.17 and its 200-day moving average is $55.54.

In other Liberty Broadband Corp. news, Director John C. Malone sold 66,500 shares of the firm’s stock in a transaction that occurred on Friday, June 3rd. The shares were 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 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 Securities & Exchange Commission, which is accessible through this link. Also, Director John C. Malone sold 26,000 shares of the firm’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 transaction of $1,513,720.00. Following the completion of the transaction, the director now directly owns 4,198,454 shares of the company’s stock, valued at approximately $244,433,991.88. The disclosure for this sale can be found here.

A number of institutional investors have modified their holdings of LBRDA. 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 valued at $55,333,000 after buying an additional 40,412 shares in the last quarter. 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 valued at $11,184,000 after buying an additional 7,794 shares in the last quarter. 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 valued at $2,581,000 after buying an additional 718 shares in 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 valued at $3,852,000 after buying an additional 255 shares in the last quarter. Finally, 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 valued at $1,212,000 after buying an additional 112 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.

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