Liberty Broadband Corporation (NASDAQ:LBRDA) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as $91.63 and last traded at $92.01, with a volume of 255,695 shares. The stock had previously closed at $89.11.
Several brokerages recently weighed in on LBRDA. BidaskClub cut Liberty Broadband Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 23rd. Zacks Investment Research upgraded Liberty Broadband Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, May 16th. Finally, Pivotal Research reiterated a “buy” rating and set a $108.00 price target (up from $107.00) on shares of Liberty Broadband Corporation in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. Liberty Broadband Corporation presently has a consensus rating of “Buy” and an average price target of $101.67.
The firm’s 50-day moving average is $92.14 and its 200 day moving average is $87.14. The company has a market capitalization of $18.53 billion, a P/E ratio of 599.53 and a beta of 1.48.
In other news, 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 sale, the director now owns 3,782,554 shares in the company, valued at $335,209,935.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John C. Malone sold 23,000 shares of the firm’s stock in a transaction on Wednesday, July 5th. The stock was sold at an average price of $84.53, for a total value of $1,944,190.00. Following the sale, the director now owns 3,782,554 shares in the company, valued at approximately $319,739,289.62. The disclosure for this sale can be found here. Insiders sold a total of 148,200 shares of company stock valued at $13,432,229 over the last ninety days. 6.09% of the stock is currently owned by company insiders.
Large investors have recently bought and sold shares of the company. D.A. Davidson & CO. boosted its stake in Liberty Broadband Corporation by 0.8% in the second quarter. D.A. Davidson & CO. now owns 1,604 shares of the company’s stock valued at $137,000 after buying an additional 13 shares during the period. MAI Capital Management acquired a new stake in Liberty Broadband Corporation during the first quarter valued at about $210,000. Mraz Amerine & Associates Inc. acquired a new stake in Liberty Broadband Corporation during the first quarter valued at about $222,000. Amalgamated Bank acquired a new stake in Liberty Broadband Corporation during the second quarter valued at about $213,000. Finally, M&T Bank Corp acquired a new stake in Liberty Broadband Corporation during the first quarter valued at about $225,000. Institutional investors and hedge funds own 81.99% of the company’s stock.
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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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