Liberty Broadband Corp. (NASDAQ:LBRDK) rose 3.1% during mid-day trading on Thursday . The stock traded as high as $70.69 and last traded at $70.64, with a volume of 1,234,312 shares traded. The stock had previously closed at $68.53.

The company’s market cap is $7.38 billion. The stock has a 50 day moving average of $65.22 and a 200-day moving average of $58.98.

In other Liberty Broadband Corp. news, Director John C. Malone sold 93,522 shares of Liberty Broadband Corp. stock in a transaction that occurred on Tuesday, August 16th. The shares were sold at an average price of $68.35, for a total value of $6,392,228.70. Following the completion of the sale, the director now owns 4,145,781 shares of the company’s stock, valued at approximately $283,364,131.35. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director John C. Malone sold 29,273 shares of Liberty Broadband Corp. stock in a transaction that occurred on Monday, August 15th. The stock was sold at an average price of $68.77, for a total transaction of $2,013,104.21. Following the completion of the sale, the director now directly owns 4,145,781 shares of the company’s stock, valued at approximately $285,105,359.37. The disclosure for this sale can be found here.

A hedge fund recently raised its stake in Liberty Broadband Corp. stock. Ameriprise Financial Inc. increased its position in Liberty Broadband Corp. (NASDAQ:LBRDK) by 0.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 31,469 shares of the company’s stock after buying an additional 250 shares during the period. Ameriprise Financial Inc.’s holdings in Liberty Broadband Corp. were worth $1,632,000 as of its most recent filing with the SEC.

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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