Liberty Broadband Corporation (NASDAQ:LBRDK) Director John C. Malone sold 45,000 shares of the firm’s 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 sale, the director now directly owns 3,418,279 shares in the company, valued at approximately $318,993,796.28. The sale was disclosed in a document filed with the SEC, which is accessible through this link.
Shares of Liberty Broadband Corporation (NASDAQ LBRDK) traded down $0.07 during trading on Friday, reaching $88.49. The company had a trading volume of 489,000 shares, compared to its average volume of 606,869. Liberty Broadband Corporation has a twelve month low of $67.27 and a twelve month high of $104.66. The company has a market cap of $16,060.00 and a price-to-earnings ratio of 520.94. The company has a debt-to-equity ratio of 0.06, a current ratio of 11.64 and a quick ratio of 11.64.
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Several research analysts recently issued reports on LBRDK shares. Zacks Investment Research raised Liberty Broadband Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. Morgan Stanley reissued an “equal weight” rating and issued a $95.00 price objective (up 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.
A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. increased its position in Liberty Broadband Corporation by 9.3% in the 2nd quarter. BlackRock Inc. now owns 5,960,819 shares of the company’s stock valued at $517,099,000 after buying an additional 508,748 shares in the last quarter. State Street Corp boosted its stake in Liberty Broadband Corporation by 3.8% during the 1st quarter. State Street Corp now owns 1,984,745 shares of the company’s stock valued at $171,487,000 after purchasing an additional 73,536 shares during the last quarter. Harris Associates L P boosted its stake in Liberty Broadband Corporation by 9.2% during the 2nd quarter. Harris Associates L P now owns 1,834,770 shares of the company’s stock valued at $159,166,000 after purchasing an additional 154,535 shares during the last quarter. Naya Capital Management UK Ltd. boosted its stake in Liberty Broadband Corporation by 7.3% during the 2nd quarter. Naya Capital Management UK Ltd. now owns 1,079,714 shares of the company’s stock valued at $93,665,000 after purchasing an additional 73,024 shares during the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Liberty Broadband Corporation by 72.4% during the 2nd quarter. Goldman Sachs Group Inc. now owns 978,077 shares of the company’s stock valued at $84,849,000 after purchasing an additional 410,879 shares during the last quarter. 53.22% of the stock is owned by institutional investors and hedge funds.
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.
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