Pioneer Investment Management Inc. decreased its position in Liberty Broadband Corporation (NASDAQ:LBRDA) by 0.4% during the second quarter, Holdings Channel reports. The institutional investor owned 92,342 shares of the company’s stock after selling 362 shares during the period. Pioneer Investment Management Inc.’s holdings in Liberty Broadband Corporation were worth $7,922,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of LBRDA. MAI Capital Management purchased a new position in Liberty Broadband Corporation during the first quarter valued at $210,000. Mraz Amerine & Associates Inc. purchased a new position in Liberty Broadband Corporation during the first quarter valued at $222,000. M&T Bank Corp purchased a new position in Liberty Broadband Corporation during the first quarter valued at $225,000. Great Lakes Advisors LLC purchased a new position in Liberty Broadband Corporation during the first quarter valued at $229,000. Finally, Janney Montgomery Scott LLC purchased a new position in Liberty Broadband Corporation during the first quarter valued at $241,000. 81.60% of the stock is owned by institutional investors.

Shares of Liberty Broadband Corporation (NASDAQ:LBRDA) opened at 101.61 on Friday. The firm has a market cap of $18.48 billion, a PE ratio of 597.71 and a beta of 1.48. Liberty Broadband Corporation has a 1-year low of $61.69 and a 1-year high of $103.01. The company has a 50-day moving average of $90.67 and a 200-day moving average of $86.67.

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LBRDA has been the subject of several recent research reports. Zacks Investment Research raised shares of Liberty Broadband Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. BidaskClub lowered shares of Liberty Broadband Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 23rd. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $101.33.

In other Liberty Broadband Corporation news, Director John C. Malone sold 40,000 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $87.67, for a total value of $3,506,800.00. Following the completion of the transaction, the director now owns 3,805,554 shares in the company, valued at $333,632,919.18. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director John C. Malone sold 23,000 shares of the company’s stock in a transaction on Wednesday, July 5th. The shares were sold at an average price of $84.53, for a total value of $1,944,190.00. Following the completion of the sale, the director now directly owns 3,782,554 shares in the company, valued at approximately $319,739,289.62. The disclosure for this sale can be found here. Insiders sold 148,200 shares of company stock valued at $13,432,229 in the last quarter. 6.09% of the stock is currently owned by company insiders.

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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