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

The company has a 50-day moving average price of $65.57 and a 200-day moving average price of $59.07. The firm’s market cap is $7.39 billion.

In other Liberty Broadband Corp. news, Director John C. Malone sold 93,522 shares of the firm’s stock in a transaction on Tuesday, August 16th. The stock was sold at an average price of $68.35, for a total transaction of $6,392,228.70. Following the transaction, the director now owns 4,145,781 shares in the company, valued at approximately $283,364,131.35. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director John C. Malone sold 29,273 shares of the firm’s stock in a transaction on Monday, August 15th. The stock was sold at an average price of $68.77, for a total value of $2,013,104.21. Following the transaction, the director now owns 4,145,781 shares in the company, 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. raised its stake in shares of Liberty Broadband Corp. (NASDAQ:LBRDK) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent 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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