Stephens Inc. AR cut its holdings in Liberty Broadband Corporation (NASDAQ:LBRDK) by 2.1% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,000 shares of the company’s stock after selling 86 shares during the quarter. Stephens Inc. AR’s holdings in Liberty Broadband Corporation were worth $347,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. lifted its stake in Liberty Broadband Corporation by 3.7% in the first quarter. Vanguard Group Inc. now owns 10,583,739 shares of the company’s stock valued at $914,435,000 after acquiring an additional 382,431 shares during the last quarter. BlackRock Inc. lifted its stake in shares of Liberty Broadband Corporation by 4,496.9% in the first quarter. BlackRock Inc. now owns 5,452,071 shares of the company’s stock worth $471,058,000 after buying an additional 5,333,467 shares during the last quarter. FMR LLC lifted its stake in shares of Liberty Broadband Corporation by 2.2% in the first quarter. FMR LLC now owns 2,882,656 shares of the company’s stock worth $249,062,000 after buying an additional 62,218 shares during the last quarter. State Street Corp lifted its stake in shares of Liberty Broadband Corporation by 3.8% in the first quarter. State Street Corp now owns 1,984,745 shares of the company’s stock worth $171,487,000 after buying an additional 73,536 shares during the last quarter. Finally, Naya Capital Management UK Ltd. acquired a new stake in shares of Liberty Broadband Corporation in the first quarter worth $86,978,000. Hedge funds and other institutional investors own 63.18% of the company’s stock.

A number of analysts have recently weighed in on LBRDK shares. Zacks Investment Research cut shares of Liberty Broadband Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, May 30th. Morgan Stanley restated an “equal weight” rating and issued a $95.00 price objective (up from $91.00) on shares of Liberty Broadband Corporation in a research note on Monday, July 17th. Finally, TheStreet cut shares of Liberty Broadband Corporation from a “b” rating to a “c+” rating in a research note on Wednesday, August 16th.

In related news, Director John C. Malone sold 66,920 shares of the firm’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $100.58, for a total value of $6,730,813.60. Following the completion of the transaction, the director now directly owns 3,498,779 shares of the company’s stock, valued at $351,907,191.82. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director John C. Malone sold 5,700 shares of the firm’s stock in a transaction on Monday, July 17th. The shares were sold at an average price of $88.62, for a total transaction of $505,134.00. Following the completion of the transaction, the director now directly owns 3,782,554 shares of the company’s stock, valued at $335,209,935.48. The disclosure for this sale can be found here. Insiders sold 149,170 shares of company stock valued at $14,073,028 over the last three months. 10.80% of the stock is owned by company insiders.

Shares of Liberty Broadband Corporation (NASDAQ LBRDK) opened at 95.26 on Friday. Liberty Broadband Corporation has a 52 week low of $63.64 and a 52 week high of $104.66. The stock has a 50 day moving average of $100.50 and a 200-day moving average of $90.72. The firm has a market capitalization of $17.32 billion, a PE ratio of 560.35 and a beta of 1.44.

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Liberty Broadband Corporation 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:LBRDK)

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