The Valinor Management L.P. Decreases Stake in Liberty Broadband Corp. (LBRDK)

The Valinor Management L.P. Decreases Stake in Liberty Broadband Corp. (LBRDK)

Valinor Management L.P. decreased its stake in Liberty Broadband Corp. (NASDAQ:LBRDK) by 55.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 663,191 shares of the company’s stock after selling 810,051 shares during the period. Liberty Broadband Corp. comprises approximately 1.6% of Valinor Management L.P.’s portfolio, making the stock its 25th largest position. Valinor Management L.P. owned approximately 0.37% of Liberty Broadband Corp. worth $47,405,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in LBRDK. Virginia Retirement Systems ET AL purchased a new position in Liberty Broadband Corp. during the second quarter worth approximately $468,000. Vanguard Group Inc. boosted its position in Liberty Broadband Corp. by 88.8% in the second quarter. Vanguard Group Inc. now owns 8,635,212 shares of the company’s stock worth $518,113,000 after buying an additional 4,062,639 shares during the last quarter. Brown Advisory Inc. boosted its position in Liberty Broadband Corp. by 19.4% in the second quarter. Brown Advisory Inc. now owns 7,656 shares of the company’s stock worth $459,000 after buying an additional 1,244 shares during the last quarter. Teacher Retirement System of Texas boosted its position in Liberty Broadband Corp. by 21.0% in the second quarter. Teacher Retirement System of Texas now owns 9,968 shares of the company’s stock worth $598,000 after buying an additional 1,733 shares during the last quarter. Finally, UBS Asset Management Americas Inc. boosted its position in Liberty Broadband Corp. by 8.8% in the second quarter. UBS Asset Management Americas Inc. now owns 56,866 shares of the company’s stock worth $3,412,000 after buying an additional 4,603 shares during the last quarter. Institutional investors own 65.80% of the company’s stock.

Shares of Liberty Broadband Corp. (NASDAQ:LBRDK) opened at 77.79 on Thursday. Liberty Broadband Corp. has a 12-month low of $41.30 and a 12-month high of $78.66. The company has a 50-day moving average of $74.16 and a 200 day moving average of $69.13. The firm has a market capitalization of $14.13 billion, a PE ratio of 12.29 and a beta of 1.41.

Several analysts recently issued reports on LBRDK shares. TheStreet raised shares of Liberty Broadband Corp. from a “hold” rating to a “buy” rating in a report on Thursday, November 3rd. Zacks Investment Research cut shares of Liberty Broadband Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, November 15th.

In other Liberty Broadband Corp. news, Director John C. Malone sold 89,993 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The stock was sold at an average price of $70.38, for a total transaction of $6,333,707.34. Following the transaction, the director now owns 4,002,935 shares in the company, valued at $281,726,565.30. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director John C. Malone sold 25,119 shares of the stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $69.34, for a total value of $1,741,751.46. Following the transaction, the director now owns 4,002,935 shares in the company, valued at approximately $277,563,512.90. The disclosure for this sale can be found here. 10.80% of the stock is owned by corporate insiders.

About Liberty Broadband Corp.

Liberty Broadband Corporation holds interests in Charter Communications, Inc (Charter), TruePosition, Inc (TruePosition) and Time Warner Cable, Inc (TWC). The Company’s segments include Trueposition, Charter, and Corporate and other. The TruePosition segment includes the operations of TruePosition, a subsidiary of the Company that develops and markets technology for locating wireless phones and other wireless devices on a cellular network, enabling wireless carriers and government agencies to provide public safety E-9-1-1 services domestically and services in support of national security and law enforcement across the world.

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