Public Employees Retirement Association of Colorado reduced its position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 0.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 16,526 shares of the company’s stock after selling 5 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Liberty Broadband Corporation were worth $1,434,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the stock. Toronto Dominion Bank increased its position in Liberty Broadband Corporation by 26.2% in the first quarter. Toronto Dominion Bank now owns 1,171 shares of the company’s stock worth $101,000 after buying an additional 243 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in shares of Liberty Broadband Corporation during the first quarter worth $186,000. Capstone Asset Management Co. acquired a new position in shares of Liberty Broadband Corporation during the first quarter worth $205,000. Appleton Partners Inc. MA acquired a new position in shares of Liberty Broadband Corporation during the first quarter worth $215,000. Finally, Cohen Klingenstein LLC acquired a new position in shares of Liberty Broadband Corporation during the first quarter worth $222,000. 63.60% of the stock is owned by institutional investors and hedge funds.

Shares of Liberty Broadband Corporation (NASDAQ LBRDK) opened at 101.64 on Friday. Liberty Broadband Corporation has a 12-month low of $63.64 and a 12-month high of $103.33. The company has a market cap of $18.48 billion, a PE ratio of 597.88 and a beta of 1.44. The company has a 50 day moving average of $91.58 and a 200-day moving average of $87.84.

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A number of equities analysts have recently weighed in on the company. Zacks Investment Research downgraded Liberty Broadband Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 20th. Morgan Stanley restated an “equal weight” rating and issued a $95.00 target price (up previously from $91.00) on shares of Liberty Broadband Corporation in a research note on Monday, July 17th.

In other news, Director John C. Malone sold 23,000 shares of Liberty Broadband Corporation stock in a transaction on Monday, June 12th. The shares were sold at an average price of $87.75, for a total transaction of $2,018,250.00. Following the transaction, the director now owns 3,805,554 shares in the company, valued at approximately $333,937,363.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John C. Malone sold 5,700 shares of Liberty Broadband Corporation stock in a transaction on Monday, July 17th. The stock was sold at an average price of $88.62, for a total transaction of $505,134.00. Following the transaction, the director now owns 3,782,554 shares in the company, valued at approximately $335,209,935.48. The disclosure for this sale can be found here. Insiders sold 96,700 shares of company stock worth $8,521,624 in the last 90 days. 10.80% of the stock is currently owned by corporate insiders.

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:LBRDK)

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