Liberty Broadband Corporation (NASDAQ:LBRDK) Director John C. Malone sold 66,920 shares of Liberty Broadband Corporation stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $100.58, for a total transaction of $6,730,813.60. Following the sale, the director now owns 3,498,779 shares of the company’s stock, valued at $351,907,191.82. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Shares of Liberty Broadband Corporation (NASDAQ LBRDK) traded down 1.58% during mid-day trading on Wednesday, reaching $100.19. 543,147 shares of the company’s stock traded hands. The firm’s 50-day moving average is $94.67 and its 200 day moving average is $88.76. Liberty Broadband Corporation has a one year low of $63.64 and a one year high of $104.34. The firm has a market cap of $18.22 billion, a price-to-earnings ratio of 589.35 and a beta of 1.44.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Toronto Dominion Bank raised its position in shares of Liberty Broadband Corporation by 26.2% in the first quarter. Toronto Dominion Bank now owns 1,171 shares of the company’s stock worth $101,000 after buying an additional 243 shares during the period. Advisor Group Inc. raised 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 buying an additional 208 shares during the period. Macquarie Group Ltd. raised 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 buying an additional 1,300 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in shares of Liberty Broadband Corporation during the first quarter worth about $186,000. Finally, Capstone Asset Management Co. acquired a new position in shares of Liberty Broadband Corporation during the first quarter worth about $205,000. Institutional investors own 63.47% of the company’s stock.

LBRDK has been the subject of several research reports. Zacks Investment Research upgraded shares of Liberty Broadband Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Morgan Stanley restated an “equal weight” rating and set a $95.00 price objective (up from $91.00) on shares of Liberty Broadband Corporation in a research note on Monday, July 17th. Finally, TheStreet cut shares of Liberty Broadband Corporation from a “b” rating to a “c+” rating in a research note on Wednesday, August 16th.

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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