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

Several equities analysts have issued reports on the company. Zacks Investment Research upgraded Liberty Broadband Corp. from a “sell” rating to a “hold” rating in a research report on Tuesday, April 26th. Wunderlich boosted their price target 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. TheStreet raised Liberty Broadband Corp. from a “sell” rating to a “hold” rating in a research note on Monday, April 11th. Deutsche Bank AG reissued a “buy” rating and set a $76.00 price target on shares of Liberty Broadband Corp. in a research note on Sunday, May 22nd. Finally, Pivotal Research boosted their price target 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. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $72.80.

The firm’s 50-day moving average is $60.35 and its 200 day moving average is $55.70. The firm’s market capitalization is $6.49 billion.

In related news, 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 transaction, the director now owns 4,198,454 shares in the company, valued at $244,433,991.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $3,948,105.00. Following the transaction, 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 and institutional investors recently bought and sold shares of the stock. 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. 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. 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. 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. Finally, 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.

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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