Liberty Broadband Corporation (NASDAQ:LBRDA) Director John C. Malone sold 5,700 shares of the firm’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $88.62, for a total transaction of $505,134.00. Following the completion of the sale, the director now owns 3,782,554 shares in the company, valued at $335,209,935.48. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.
Liberty Broadband Corporation (NASDAQ:LBRDA) traded down 0.11% during trading on Tuesday, hitting $98.81. 60,872 shares of the stock were exchanged. The stock has a market capitalization of $17.97 billion, a price-to-earnings ratio of 18.46 and a beta of 1.43. The firm has a 50-day moving average of $87.31 and a 200-day moving average of $85.38. Liberty Broadband Corporation has a 52 week low of $61.53 and a 52 week high of $100.16.
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Several analysts have issued reports on the stock. Pivotal Research decreased their price target on shares of Liberty Broadband Corporation from $108.00 to $107.00 and set a “buy” rating on the stock in a research report on Wednesday, April 5th. BidaskClub raised shares of Liberty Broadband Corporation from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Finally, Zacks Investment Research downgraded shares of Liberty Broadband Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, April 4th. One analyst has rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Liberty Broadband Corporation presently has an average rating of “Buy” and an average target price of $96.00.
Institutional investors have recently added to or reduced their stakes in the stock. Suntrust Banks Inc. raised its stake in shares of Liberty Broadband Corporation by 0.4% in the first quarter. Suntrust Banks Inc. now owns 5,408 shares of the company’s stock valued at $459,000 after buying an additional 22 shares during the period. Comerica Bank raised its stake in shares of Liberty Broadband Corporation by 0.4% in the first quarter. Comerica Bank now owns 5,241 shares of the company’s stock valued at $474,000 after buying an additional 23 shares during the period. Envestnet Asset Management Inc. raised its stake in shares of Liberty Broadband Corporation by 2.4% in the fourth quarter. Envestnet Asset Management Inc. now owns 4,172 shares of the company’s stock valued at $297,000 after buying an additional 99 shares during the period. Pacer Advisors Inc. raised its stake in shares of Liberty Broadband Corporation by 3.2% in the first quarter. Pacer Advisors Inc. now owns 3,873 shares of the company’s stock valued at $330,000 after buying an additional 121 shares during the period. Finally, Janney Montgomery Scott LLC raised its stake in shares of Liberty Broadband Corporation by 5.9% in the second quarter. Janney Montgomery Scott LLC now owns 2,999 shares of the company’s stock valued at $257,000 after buying an additional 166 shares during the period. Institutional investors and hedge funds own 81.66% 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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