Utah Retirement Systems maintained its stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,623 shares of the company’s stock at the close of the 2nd quarter. Utah Retirement Systems’ holdings in Liberty Broadband Corporation were worth $397,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Great Lakes Advisors LLC boosted its holdings in Liberty Broadband Corporation by 131.1% in the second quarter. Great Lakes Advisors LLC now owns 6,213 shares of the company’s stock worth $533,000 after purchasing an additional 3,525 shares during the last quarter. Aviva PLC boosted its holdings in Liberty Broadband Corporation by 0.6% in the second quarter. Aviva PLC now owns 14,454 shares of the company’s stock worth $1,239,000 after purchasing an additional 80 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in Liberty Broadband Corporation by 5.7% in the second quarter. State Board of Administration of Florida Retirement System now owns 40,775 shares of the company’s stock worth $3,498,000 after purchasing an additional 2,200 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Liberty Broadband Corporation by 2.9% in the second quarter. Bank of New York Mellon Corp now owns 82,898 shares of the company’s stock worth $7,112,000 after purchasing an additional 2,308 shares during the last quarter. Finally, State of Wisconsin Investment Board boosted its holdings in Liberty Broadband Corporation by 1,541.8% in the second quarter. State of Wisconsin Investment Board now owns 83,272 shares of the company’s stock worth $7,144,000 after purchasing an additional 78,200 shares during the last quarter. Institutional investors own 81.97% of the company’s stock.

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Several brokerages recently issued reports on LBRDA. Pivotal Research restated a “buy” rating and issued a $108.00 target price (up previously from $107.00) on shares of Liberty Broadband Corporation in a report on Tuesday, August 15th. TheStreet cut shares of Liberty Broadband Corporation from a “b” rating to a “c+” rating in a report on Wednesday, August 16th. BidaskClub upgraded shares of Liberty Broadband Corporation from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 1st. Finally, Telsey Advisory Group reiterated an “outperform” rating and set a $125.00 price target (up previously from $95.00) on shares of Liberty Broadband Corporation in a research note on Thursday, September 7th. One investment analyst has rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Liberty Broadband Corporation presently has an average rating of “Buy” and an average target price of $111.67.

Liberty Broadband Corporation (NASDAQ:LBRDA) opened at 97.00 on Friday. The stock’s 50 day moving average is $99.85 and its 200 day moving average is $89.44. Liberty Broadband Corporation has a 52 week low of $61.69 and a 52 week high of $104.35. The stock has a market cap of $17.64 billion, a PE ratio of 570.59 and a beta of 1.48.

In other news, Director John C. Malone sold 182,355 shares of the stock in a transaction on Friday, August 18th. The shares were sold at an average price of $100.23, for a total value of $18,277,441.65. Following the sale, the director now owns 3,729,985 shares in the company, valued at $373,856,396.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John C. Malone sold 111,920 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of $100.64, for a total transaction of $11,263,628.80. Following the completion of the sale, the director now owns 3,498,779 shares in the company, valued at approximately $352,117,118.56. The disclosure for this sale can be found here. Insiders sold 459,875 shares of company stock worth $45,272,311 in the last quarter. 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.

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

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