Liberty Broadband Corp. (LBRDK) Sees Unusually-High Trading Volume
Liberty Broadband Corp. (NASDAQ:LBRDK) saw unusually-strong trading volume on Friday . Approximately 580,257 shares changed hands during trading, an increase of 35% from the previous session’s volume of 428,392 shares.The stock last traded at $67.56 and had previously closed at $66.89.
The stock has a 50 day moving average of $62.01 and a 200 day moving average of $56.66. The stock’s market cap is $7.04 billion.
Several hedge funds and institutional investors have recently made changes to their positions in the company. RS Investment Management Co. LLC boosted 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 last quarter. Wells Fargo & Company MN boosted 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 last quarter. US Bancorp DE raised its stake in 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. Finally, Rhumbline Advisers raised its stake in 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.
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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