Liberty Broadband Corporation (NASDAQ:LBRDK) was the recipient of some unusual options trading activity on Friday. Stock traders bought 15,066 call options on the stock. This is an increase of approximately 1,608% compared to the typical daily volume of 882 call options.

In other Liberty Broadband news, Director John C. Malone sold 45,000 shares of the firm’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $93.32, for a total transaction of $4,199,400.00. Following the transaction, the director now owns 3,418,279 shares of the company’s stock, valued at approximately $318,993,796.28. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director John C. Malone sold 8,550 shares of the firm’s stock in a transaction dated Monday, September 18th. The shares were sold at an average price of $98.11, for a total transaction of $838,840.50. Following the transaction, the director now directly owns 3,452,779 shares in the company, valued at approximately $338,752,147.69. The disclosure for this sale can be found here. In the last three months, insiders have sold 141,600 shares of company stock worth $13,372,539. 10.80% of the stock is owned by corporate insiders.

Several hedge funds have recently bought and sold shares of LBRDK. D.A. Davidson & CO. raised its position in Liberty Broadband by 0.8% during the second quarter. D.A. Davidson & CO. now owns 2,784 shares of the company’s stock valued at $241,000 after acquiring an additional 23 shares in the last quarter. Capstone Asset Management Co. raised its position in Liberty Broadband by 3.4% during the second quarter. Capstone Asset Management Co. now owns 2,456 shares of the company’s stock valued at $213,000 after acquiring an additional 80 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its position in Liberty Broadband by 5.1% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 2,614 shares of the company’s stock valued at $227,000 after acquiring an additional 128 shares in the last quarter. Utah Retirement Systems raised its position in Liberty Broadband by 0.7% during the second quarter. Utah Retirement Systems now owns 18,985 shares of the company’s stock valued at $1,647,000 after acquiring an additional 138 shares in the last quarter. Finally, Toronto Dominion Bank raised its position in Liberty Broadband by 12.4% during the second quarter. Toronto Dominion Bank now owns 1,316 shares of the company’s stock valued at $114,000 after acquiring an additional 145 shares in the last quarter. Institutional investors and hedge funds own 54.05% of the company’s stock.

Shares of Liberty Broadband (NASDAQ LBRDK) opened at $88.83 on Monday. The company has a current ratio of 11.64, a quick ratio of 11.64 and a debt-to-equity ratio of 0.06. The company has a market cap of $16,153.29, a P/E ratio of 888.30 and a beta of 1.30. Liberty Broadband has a fifty-two week low of $69.14 and a fifty-two week high of $104.66.

Several equities analysts have recently issued reports on the stock. TheStreet cut shares of Liberty Broadband from a “b” rating to a “c+” rating in a research note on Wednesday, August 16th. Zacks Investment Research raised shares of Liberty Broadband from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th.

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About Liberty Broadband

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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