Liberty Broadband Corp. (LBRDK) Sees Unusually-High Trading Volume
Shares of Liberty Broadband Corp. (NASDAQ:LBRDK) saw strong trading volume on Friday . 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’s 50-day moving average is $62.23 and its 200-day moving average is $56.81. The stock’s market cap is $7.04 billion.
Other hedge funds have recently bought and sold shares of the company. Rhumbline Advisers boosted 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 in the last quarter. Wells Fargo & Company MN boosted its stake in 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 in the last quarter. US Bancorp DE boosted 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 in the last quarter. Finally, RS Investment Management Co. LLC boosted its stake in 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 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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