Opera Trading Capital Invests $1.82 Million in Liberty Broadband Corporation (NASDAQ:LBRDA)

Opera Trading Capital bought a new stake in Liberty Broadband Corporation (NASDAQ:LBRDA) during the second quarter, according to its most recent disclosure with the SEC. The firm bought 21,213 shares of the company’s stock, valued at approximately $1,820,000.

A number of other hedge funds and other institutional investors have also modified their holdings of LBRDA. First Trust Advisors LP increased its position in Liberty Broadband Corporation by 14.8% in the first quarter. First Trust Advisors LP now owns 123,502 shares of the company’s stock valued at $10,509,000 after buying an additional 15,882 shares in the last quarter. Markel Corp increased its position in Liberty Broadband Corporation by 10.4% in the first quarter. Markel Corp now owns 159,250 shares of the company’s stock valued at $13,551,000 after buying an additional 15,000 shares in the last quarter. Canada Pension Plan Investment Board increased its position in Liberty Broadband Corporation by 77.2% in the first quarter. Canada Pension Plan Investment Board now owns 15,154 shares of the company’s stock valued at $1,289,000 after buying an additional 6,600 shares in the last quarter. Russell Investments Group Ltd. increased its position in Liberty Broadband Corporation by 394.0% in the first quarter. Russell Investments Group Ltd. now owns 5,740 shares of the company’s stock valued at $487,000 after buying an additional 4,578 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new position in Liberty Broadband Corporation during the first quarter valued at about $241,000. 81.58% of the stock is owned by hedge funds and other institutional investors.

Liberty Broadband Corporation (LBRDA) traded up 0.59% during mid-day trading on Friday, reaching $89.15. 67,664 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $86.65 and a 200-day moving average of $84.38. Liberty Broadband Corporation has a one year low of $61.53 and a one year high of $91.16. The stock has a market cap of $16.21 billion, a price-to-earnings ratio of 16.66 and a beta of 1.43.

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Several research firms have recently issued reports on LBRDA. BidaskClub raised Liberty Broadband Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, July 1st. Zacks Investment Research raised Liberty Broadband Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, May 16th. Finally, Pivotal Research lowered their price objective on Liberty Broadband Corporation from $108.00 to $107.00 and set a “buy” rating for the company in a research note on Wednesday, April 5th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Liberty Broadband Corporation currently has an average rating of “Buy” and an average price target of $96.00.

In other Liberty Broadband Corporation news, Director John C. Malone sold 40,000 shares of Liberty Broadband Corporation stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $87.67, for a total value of $3,506,800.00. Following the transaction, the director now directly owns 3,805,554 shares of the company’s stock, valued at approximately $333,632,919.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John C. Malone sold 5,700 shares of Liberty Broadband Corporation stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $88.62, for a total value of $505,134.00. Following the completion of the transaction, the director now directly owns 3,782,554 shares in the company, valued at $335,209,935.48. The disclosure for this sale can be found here. Insiders sold a total of 68,700 shares of company stock worth $5,956,124 over the last ninety days. Insiders own 6.09% 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.

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