Liberty Broadband Corp. (NASDAQ:LBRDK) shares reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $67.36 and last traded at $66.95, with a volume of 713,129 shares. The stock had previously closed at $62.77.

Separately, TheStreet raised Liberty Broadband Corp. from a “sell” rating to a “hold” rating in a research report on Monday, April 11th.

The stock has a 50-day moving average of $61.40 and a 200-day moving average of $56.38. The firm’s market capitalization is $6.88 billion.

Other hedge funds and institutional investors have recently modified their holdings of the company. Rhumbline Advisers raised its position in shares of Liberty Broadband Corp. by 2.1% in the fourth quarter. Rhumbline Advisers now owns 47,178 shares of the company’s stock valued at $2,447,000 after buying an additional 979 shares during the period. US Bancorp DE raised its position in shares of Liberty Broadband Corp. by 5.7% in the fourth quarter. US Bancorp DE now owns 51,265 shares of the company’s stock valued at $2,659,000 after buying an additional 2,777 shares during the period. Wells Fargo & Company MN raised its position in shares of Liberty Broadband Corp. by 1.1% in the fourth quarter. Wells Fargo & Company MN now owns 282,347 shares of the company’s stock valued at $14,643,000 after buying an additional 3,101 shares during the period. Finally, RS Investment Management Co. LLC raised its position in shares of Liberty Broadband Corp. by 17.6% in the fourth quarter. RS Investment Management Co. LLC now owns 976,372 shares of the company’s stock valued at $50,635,000 after buying an additional 146,184 shares during the period.

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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