S&CO Inc. decreased its position in shares of Liberty Broadband Corporation (NASDAQ:LBRDA) by 0.1% during the second quarter, Holdings Channel reports. The institutional investor owned 90,898 shares of the company’s stock after selling 77 shares during the period. S&CO Inc.’s holdings in Liberty Broadband Corporation were worth $7,798,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. BlackRock Inc. raised its position in shares of Liberty Broadband Corporation by 20,817.7% in the first quarter. BlackRock Inc. now owns 1,567,360 shares of the company’s stock worth $133,368,000 after buying an additional 1,559,867 shares in the last quarter. FMR LLC increased its stake in shares of Liberty Broadband Corporation by 32.5% in the first quarter. FMR LLC now owns 1,722,101 shares of the company’s stock valued at $146,534,000 after buying an additional 422,727 shares during the last quarter. Bank of America Corp DE increased its stake in shares of Liberty Broadband Corporation by 174.7% in the first quarter. Bank of America Corp DE now owns 236,702 shares of the company’s stock valued at $20,141,000 after buying an additional 150,521 shares during the last quarter. Scopus Asset Management L.P. acquired a new stake in shares of Liberty Broadband Corporation during the first quarter valued at $9,785,000. Finally, Vanguard Group Inc. increased its stake in shares of Liberty Broadband Corporation by 6.5% in the first quarter. Vanguard Group Inc. now owns 1,673,213 shares of the company’s stock valued at $142,374,000 after buying an additional 102,812 shares during the last quarter. 81.66% of the stock is currently owned by institutional investors and hedge funds.

Shares of Liberty Broadband Corporation (LBRDA) opened at 98.09 on Friday. Liberty Broadband Corporation has a 52 week low of $61.53 and a 52 week high of $100.16. The company’s 50-day moving average price is $87.65 and its 200 day moving average price is $85.56. The company has a market cap of $17.84 billion, a P/E ratio of 560.51 and a beta of 1.48.

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Several brokerages recently weighed in on LBRDA. BidaskClub upgraded Liberty Broadband Corporation from a “buy” rating to a “strong-buy” rating in a research note on Tuesday. Zacks Investment Research upgraded Liberty Broadband Corporation from a “sell” rating to a “hold” rating in a research note on Friday, April 14th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. Liberty Broadband Corporation presently has an average rating of “Buy” and an average price target of $96.00.

In other Liberty Broadband Corporation news, Director John C. Malone sold 40,000 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $87.67, for a total transaction of $3,506,800.00. Following the transaction, the director now owns 3,805,554 shares of the company’s stock, valued at $333,632,919.18. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director John C. Malone sold 5,700 shares of the business’s stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $88.62, for a total value of $505,134.00. Following the transaction, the director now directly owns 3,782,554 shares in the company, valued at approximately $335,209,935.48. The disclosure for this sale can be found here. In the last three months, insiders have sold 148,200 shares of company stock worth $13,432,229. Company insiders own 6.09% of the company’s stock.

About Liberty Broadband Corporation

Liberty Broadband Corporation holds interest in Charter Communications, Inc (Charter) and its subsidiary Skyhook Holding, Inc (Skyhook). The Company’s segments include Skyhook, Charter, and Corporate and other. Skyhook provides a wireless fidelity (Wi-Fi)-based location platform focused on providing positioning technology and contextual location intelligence solutions.

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Institutional Ownership by Quarter for Liberty Broadband Corporation (NASDAQ:LBRDA)

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