Synovus Financial Corp acquired a new stake in Liberty Broadband Corporation (NASDAQ:LBRDK) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,430 shares of the company’s stock, valued at approximately $235,000.

Other institutional investors have also recently bought and sold shares of the company. Skandinaviska Enskilda Banken AB publ lifted its position in shares of Liberty Broadband by 231.0% during the third quarter. Skandinaviska Enskilda Banken AB publ now owns 15,189 shares of the company’s stock worth $1,448,000 after acquiring an additional 10,600 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Liberty Broadband by 7.7% during the third quarter. Dimensional Fund Advisors LP now owns 776,876 shares of the company’s stock worth $74,031,000 after acquiring an additional 55,404 shares in the last quarter. Brown Advisory Inc. lifted its position in shares of Liberty Broadband by 5.8% during the third quarter. Brown Advisory Inc. now owns 22,279 shares of the company’s stock worth $2,123,000 after acquiring an additional 1,225 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its position in shares of Liberty Broadband by 28.3% during the third quarter. Schwab Charles Investment Management Inc. now owns 256,536 shares of the company’s stock worth $24,448,000 after acquiring an additional 56,557 shares in the last quarter. Finally, Twin Capital Management Inc. purchased a new stake in shares of Liberty Broadband during the third quarter worth $2,071,000. Institutional investors and hedge funds own 54.05% of the company’s stock.

LBRDK has been the topic of several research analyst reports. Zacks Investment Research raised shares of Liberty Broadband from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. TheStreet cut shares of Liberty Broadband from a “b” rating to a “c+” rating in a report on Wednesday, August 16th.

Liberty Broadband Corporation (NASDAQ:LBRDK) opened at $84.67 on Friday. The firm has a market cap of $15,396.82, a price-to-earnings ratio of 846.70 and a beta of 1.30. Liberty Broadband Corporation has a 1-year low of $71.52 and a 1-year high of $104.66. The company has a debt-to-equity ratio of 0.06, a current ratio of 11.64 and a quick ratio of 11.64.

In related news, Director John C. Malone sold 8,550 shares of the stock in a transaction on 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 of the company’s stock, valued at $338,752,147.69. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director John C. Malone sold 45,000 shares of the stock in a transaction on Monday, October 23rd. The shares were sold at an average price of $93.32, for a total value of $4,199,400.00. Following the completion of the transaction, the director now directly owns 3,418,279 shares in the company, valued at approximately $318,993,796.28. The disclosure for this sale can be found here. In the last ninety days, insiders sold 141,600 shares of company stock worth $13,372,539. Insiders own 10.80% of the company’s stock.

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About Liberty Broadband

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 (NASDAQ:LBRDK)

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