NGAM Advisors L.P. lowered its stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDA) by 1.5% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 41,033 shares of the company’s stock after selling 618 shares during the period. NGAM Advisors L.P.’s holdings in Liberty Broadband Corporation were worth $3,521,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently made changes to their positions in LBRDA. Dimensional Fund Advisors LP boosted its position in shares of Liberty Broadband Corporation by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 192,067 shares of the company’s stock valued at $13,919,000 after buying an additional 1,831 shares during the last quarter. Teachers Advisors LLC boosted its position in shares of Liberty Broadband Corporation by 4.4% in the fourth quarter. Teachers Advisors LLC now owns 26,542 shares of the company’s stock valued at $1,923,000 after buying an additional 1,125 shares during the last quarter. First Manhattan Co. boosted its position in shares of Liberty Broadband Corporation by 0.3% in the first quarter. First Manhattan Co. now owns 137,382 shares of the company’s stock valued at $9,638,000 after buying an additional 376 shares during the last quarter. River Road Asset Management LLC purchased a new position in shares of Liberty Broadband Corporation during the first quarter valued at $963,000. Finally, Janney Montgomery Scott LLC purchased a new position in shares of Liberty Broadband Corporation during the first quarter valued at $241,000. 81.60% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Liberty Broadband Corporation (NASDAQ LBRDA) opened at 102.76 on Thursday. Liberty Broadband Corporation has a one year low of $61.69 and a one year high of $102.86. The stock has a market capitalization of $18.68 billion, a price-to-earnings ratio of 587.20 and a beta of 1.48. The company has a 50-day moving average of $89.72 and a 200 day moving average of $86.39.

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Several brokerages recently issued reports on LBRDA. Zacks Investment Research upgraded shares of Liberty Broadband Corporation from a “sell” rating to a “hold” rating in a report on Friday, April 14th. BidaskClub lowered shares of Liberty Broadband Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. One equities research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $96.00.

In other news, Director John C. Malone sold 34,500 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $99.19, for a total value of $3,422,055.00. Following the transaction, the director now directly owns 3,781,531 shares in the company, valued at approximately $375,090,059.89. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director John C. Malone sold 23,000 shares of the firm’s stock in a transaction dated Wednesday, July 5th. The stock was sold at an average price of $84.53, for a total value of $1,944,190.00. Following the completion of the transaction, the director now owns 3,782,554 shares in the company, valued at $319,739,289.62. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 148,200 shares of company stock worth $13,432,229. Company insiders own 6.09% of the company’s stock.

Liberty Broadband Corporation Company Profile

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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