State Board of Administration of Florida Retirement System Increases Holdings in Liberty Broadband Corporation (LBRDK)

State Board of Administration of Florida Retirement System raised its stake in Liberty Broadband Corporation (NASDAQ:LBRDK) by 3.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 107,806 shares of the company’s stock after buying an additional 3,290 shares during the quarter. State Board of Administration of Florida Retirement System owned about 0.06% of Liberty Broadband Corporation worth $10,274,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Toronto Dominion Bank lifted its position in shares of Liberty Broadband Corporation by 12.4% in the second quarter. Toronto Dominion Bank now owns 1,316 shares of the company’s stock worth $114,000 after purchasing an additional 145 shares in the last quarter. Advisor Group Inc. lifted its position in shares of Liberty Broadband Corporation by 14.2% in the second quarter. Advisor Group Inc. now owns 1,674 shares of the company’s stock worth $146,000 after purchasing an additional 208 shares in the last quarter. Macquarie Group Ltd. lifted its position in shares of Liberty Broadband Corporation by 260.0% in the second quarter. Macquarie Group Ltd. now owns 1,800 shares of the company’s stock worth $156,000 after purchasing an additional 1,300 shares in the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Liberty Broadband Corporation in the third quarter worth $200,000. Finally, Capstone Asset Management Co. lifted its position in shares of Liberty Broadband Corporation by 3.4% in the second quarter. Capstone Asset Management Co. now owns 2,456 shares of the company’s stock worth $213,000 after purchasing an additional 80 shares in the last quarter. 53.22% of the stock is currently owned by hedge funds and other institutional investors.

LBRDK has been the topic of a number of research reports. TheStreet lowered shares of Liberty Broadband Corporation from a “b” rating to a “c+” rating in a research report on Wednesday, August 16th. Morgan Stanley reaffirmed an “equal weight” rating and set a $95.00 price target (up from $91.00) on shares of Liberty Broadband Corporation in a research report on Monday, July 17th. Finally, Zacks Investment Research raised shares of Liberty Broadband Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th.

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Shares of Liberty Broadband Corporation (NASDAQ:LBRDK) opened at $88.49 on Friday. The company has a current ratio of 11.64, a quick ratio of 11.64 and a debt-to-equity ratio of 0.06. Liberty Broadband Corporation has a 1 year low of $67.27 and a 1 year high of $104.66. The stock has a market cap of $13,546.93, a price-to-earnings ratio of 884.90 and a beta of 1.33.

In other Liberty Broadband Corporation news, Director John C. Malone sold 66,920 shares of the company’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 transaction, the director now directly owns 3,498,779 shares in the company, valued at $351,907,191.82. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director John C. Malone sold 8,550 shares of the company’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $98.11, for a total transaction of $838,840.50. Following the completion of the transaction, the director now owns 3,452,779 shares in the company, valued at $338,752,147.69. The disclosure for this sale can be found here. Insiders have sold 208,520 shares of company stock worth $20,103,353 over the last ninety days. 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)

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