Liberty Broadband Corporation (NASDAQ:LBRDA) Director Sells $505,134.00 in Stock

Liberty Broadband Corporation (NASDAQ:LBRDA) Director John C. Malone sold 5,700 shares of the 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 sale, the director now directly owns 3,782,554 shares in the company, valued at $335,209,935.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of Liberty Broadband Corporation (NASDAQ:LBRDA) opened at 99.07 on Wednesday. The company has a 50 day moving average of $88.60 and a 200-day moving average of $85.83. The firm has a market cap of $18.01 billion, a PE ratio of 566.11 and a beta of 1.48. Liberty Broadband Corporation has a 12-month low of $61.53 and a 12-month high of $100.16.

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LBRDA has been the topic of a number of research reports. BidaskClub raised shares of Liberty Broadband Corporation from a “hold” rating to a “buy” rating in a report on Saturday, July 1st. Zacks Investment Research raised shares of Liberty Broadband Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, May 16th. One investment analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Liberty Broadband Corporation presently has a consensus rating of “Buy” and a consensus target price of $96.00.

Hedge funds and other institutional investors have recently modified their holdings of the stock. MAI Capital Management bought a new position in shares of Liberty Broadband Corporation during the first quarter worth about $210,000. Mraz Amerine & Associates Inc. bought a new position in shares of Liberty Broadband Corporation during the first quarter worth about $222,000. M&T Bank Corp bought a new position in shares of Liberty Broadband Corporation during the first quarter worth about $225,000. Great Lakes Advisors LLC bought a new position in shares of Liberty Broadband Corporation during the first quarter worth about $229,000. Finally, Janney Montgomery Scott LLC bought a new position in shares of Liberty Broadband Corporation during the first quarter worth about $241,000. 81.60% of the stock is owned by institutional investors.

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.