Traders Sell Shares of Liberty Broadband Corp. (LBRDK) on Strength (LBRDK)
Investors sold shares of Liberty Broadband Corp. (NASDAQ:LBRDK) on strength during trading hours on Thursday. $21.00 million flowed into the stock on the tick-up and $160.33 million flowed out of the stock on the tick-down, for a money net flow of $139.33 million out of the stock. Of all equities tracked, Liberty Broadband Corp. had the 0th highest net out-flow for the day. Liberty Broadband Corp. traded up $0.22 for the day and closed at $68.53
The stock’s market cap is $7.39 billion. The firm has a 50-day moving average of $65.73 and a 200-day moving average of $59.16.
In other Liberty Broadband Corp. news, Director John C. Malone sold 93,522 shares of the company’s stock in a transaction dated Tuesday, August 16th. The shares were sold at an average price of $68.35, for a total transaction of $6,392,228.70. Following the transaction, the director now directly 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 accessible through the SEC website. Also, Director John C. Malone sold 29,273 shares of the company’s stock in a transaction dated Monday, August 15th. The shares were sold at an average price of $68.77, for a total transaction of $2,013,104.21. Following the transaction, the director now owns 4,145,781 shares in the company, valued at $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 position 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. 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.