Oppenheimer Asset Management Inc. lessened its holdings in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 5.9% during the 2nd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,041 shares of the company’s stock after selling 128 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Liberty Broadband Corporation were worth $176,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Delta Lloyd Asset Management N.V. acquired a new stake in shares of Liberty Broadband Corporation during the 2nd quarter worth about $1,160,000. Swiss National Bank raised its position in shares of Liberty Broadband Corporation by 2.8% during the 2nd quarter. Swiss National Bank now owns 390,200 shares of the company’s stock worth $33,850,000 after acquiring an additional 10,700 shares in the last quarter. Leucadia National Corp acquired a new stake in shares of Liberty Broadband Corporation during the 2nd quarter worth about $1,402,000. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Liberty Broadband Corporation by 8.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 23,858 shares of the company’s stock worth $2,070,000 after acquiring an additional 1,904 shares in the last quarter. Finally, Utah Retirement Systems raised its position in shares of Liberty Broadband Corporation by 0.7% during the 2nd quarter. Utah Retirement Systems now owns 18,985 shares of the company’s stock worth $1,647,000 after acquiring an additional 138 shares in the last quarter. 63.18% of the stock is currently owned by institutional investors and hedge funds.

In related news, Director John C. Malone sold 8,550 shares of the business’s stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $98.11, for a total value of $838,840.50. Following the transaction, the director now owns 3,452,779 shares in the company, valued at $338,752,147.69. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director John C. Malone sold 23,000 shares of the business’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 approximately $319,739,289.62. The disclosure for this sale can be found here. In the last quarter, insiders sold 149,170 shares of company stock worth $14,073,028. Insiders own 10.80% of the company’s stock.

Several equities research analysts have recently weighed in on LBRDK shares. Zacks Investment Research lowered Liberty Broadband Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, May 30th. Morgan Stanley reissued an “equal weight” rating and set a $95.00 target price (up previously from $91.00) on shares of Liberty Broadband Corporation in a research report on Monday, July 17th. Finally, TheStreet lowered Liberty Broadband Corporation from a “b” rating to a “c+” rating in a research report on Wednesday, August 16th.

Shares of Liberty Broadband Corporation (NASDAQ LBRDK) opened at 95.26 on Friday. The stock’s 50 day moving average price is $100.50 and its 200 day moving average price is $90.72. Liberty Broadband Corporation has a 12 month low of $63.64 and a 12 month high of $104.66. The firm has a market cap of $17.32 billion, a price-to-earnings ratio of 560.35 and a beta of 1.44.

WARNING: This report was first reported by Daily Political and is owned by of Daily Political. If you are accessing this report on another website, it was stolen and republished in violation of United States & international trademark and copyright legislation. The legal version of this report can be viewed at https://www.dailypolitical.com/2017/09/22/liberty-broadband-corporation-lbrdk-shares-sold-by-oppenheimer-asset-management-inc.html.

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:LBRDK)

Receive News & Ratings for Liberty Broadband Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Broadband Corporation and related companies with MarketBeat.com's FREE daily email newsletter.