Wellington Shields Capital Management LLC decreased its position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) by 55.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,700 shares of the company’s stock after selling 3,400 shares during the period. Wellington Shields Capital Management LLC’s holdings in Liberty Broadband Corporation were worth $257,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Creative Planning grew its position in Liberty Broadband Corporation by 1.9% in the second quarter. Creative Planning now owns 5,853 shares of the company’s stock worth $508,000 after buying an additional 107 shares during the last quarter. Swiss National Bank grew its position in Liberty Broadband Corporation by 2.8% in the second quarter. Swiss National Bank now owns 390,200 shares of the company’s stock worth $33,850,000 after buying an additional 10,700 shares during the last quarter. Sumitomo Mitsui Trust Holdings Inc. grew its position in Liberty Broadband Corporation by 4.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 336,018 shares of the company’s stock worth $29,150,000 after buying an additional 13,896 shares during the last quarter. First Trust Advisors LP grew its position in Liberty Broadband Corporation by 8.7% in the second quarter. First Trust Advisors LP now owns 83,057 shares of the company’s stock worth $7,205,000 after buying an additional 6,654 shares during the last quarter. Finally, Supplemental Annuity Collective Trust of NJ acquired a new position in Liberty Broadband Corporation in the third quarter worth approximately $667,000. 62.94% of the stock is currently owned by hedge funds and other institutional investors.

Liberty Broadband Corporation (LBRDK) traded down $1.25 during midday trading on Wednesday, reaching $87.88. 851,500 shares of the company’s stock traded hands, compared to its average volume of 606,417. The stock has a market cap of $16,207.84, a PE ratio of 891.30 and a beta of 1.33. Liberty Broadband Corporation has a 12-month low of $67.27 and a 12-month high of $104.66. The company has a debt-to-equity ratio of 0.06, a quick ratio of 11.64 and a current ratio of 11.64.

ILLEGAL ACTIVITY NOTICE: “Liberty Broadband Corporation (LBRDK) Stake Decreased by Wellington Shields Capital Management LLC” was published by Daily Political and is the sole property of of Daily Political. If you are accessing this piece on another publication, it was stolen and republished in violation of international copyright and trademark legislation. The correct version of this piece can be accessed at https://www.dailypolitical.com/2017/11/15/liberty-broadband-corporation-lbrdk-stake-decreased-by-wellington-shields-capital-management-llc.html.

Several research firms have weighed in on LBRDK. Zacks Investment Research cut shares of Liberty Broadband Corporation from a “hold” rating to a “sell” rating in a research report on Friday, October 20th. TheStreet cut shares of Liberty Broadband Corporation from a “b” rating to a “c+” rating in a research report on Wednesday, August 16th.

In other Liberty Broadband Corporation news, Director John C. Malone sold 66,920 shares of Liberty Broadband Corporation stock in a transaction on Monday, August 21st. The shares were sold at an average price of $100.58, for a total transaction of $6,730,813.60. Following the completion of the sale, the director now owns 3,498,779 shares of the company’s stock, valued at approximately $351,907,191.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director John C. Malone sold 45,000 shares of Liberty Broadband Corporation stock in a transaction on Monday, September 25th. The shares were sold at an average price of $94.21, for a total transaction of $4,239,450.00. Following the sale, the director now directly owns 3,452,779 shares of the company’s stock, valued at approximately $325,286,309.59. The disclosure for this sale can be found here. Insiders have sold a total of 208,520 shares of company stock valued at $20,103,353 in the last three months. Company insiders own 10.80% of the company’s stock.

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.

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.