The Liberty Broadband Corporation (NASDAQ:LBRDK) Stake Maintained by Public Employees Retirement System of Ohio

The Liberty Broadband Corporation (NASDAQ:LBRDK) Stake Maintained by Public Employees Retirement System of Ohio

Other hedge funds have also recently added to or reduced their stakes in the company. Mn Services Vermogensbeheer B.V. boosted its position in Liberty Broadband Corporation by 4.2% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 2,856 shares of the company’s stock valued at $231,000 after buying an additional 114 shares during the last quarter. Karp Capital Management Corp bought a new position in Liberty Broadband Corporation during the first quarter valued at approximately $730,000. State Street Corp boosted its position in Liberty Broadband Corporation by 3.8% in the first quarter. State Street Corp now owns 1,984,745 shares of the company’s stock valued at $171,487,000 after buying an additional 73,536 shares during the last quarter. UBS Asset Management Americas Inc. boosted its position in Liberty Broadband Corporation by 2.4% in the fourth quarter. UBS Asset Management Americas Inc. now owns 227,200 shares of the company’s stock valued at $16,830,000 after buying an additional 5,404 shares during the last quarter. Finally, AQR Capital Management LLC bought a new position in Liberty Broadband Corporation during the fourth quarter valued at approximately $6,942,000. 63.60% of the stock is currently owned by institutional investors and hedge funds.

Public Employees Retirement System of Ohio held its stake in Liberty Broadband Corporation (NASDAQ:LBRDK) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,139 shares of the company’s stock at the end of the first quarter. Public Employees Retirement System of Ohio’s holdings in Liberty Broadband Corporation were worth $3,986,000 at the end of the most recent reporting period.

Liberty Broadband Corporation (LBRDK) traded up 1.43% during trading on Tuesday, hitting $99.87. 696,028 shares of the stock traded hands. The stock has a market cap of $18.16 billion, a P/E ratio of 570.69 and a beta of 1.44. Liberty Broadband Corporation has a 52 week low of $62.18 and a 52 week high of $100.82. The firm’s 50-day moving average is $89.59 and its 200 day moving average is $87.04.

LBRDK has been the topic of several research analyst reports. Zacks Investment Research raised shares of Liberty Broadband Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Morgan Stanley reissued an “equal weight” rating and set a $95.00 target price (up previously from $91.00) on shares of Liberty Broadband Corporation in a research note on Monday, July 17th.

In other Liberty Broadband Corporation news, Director John C. Malone sold 45,000 shares of the business’s stock in a transaction dated Monday, July 24th. The stock was sold at an average price of $90.09, for a total transaction of $4,054,050.00. Following the completion of the sale, the director now directly owns 3,782,554 shares of the company’s stock, valued at approximately $340,770,289.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director John C. Malone sold 23,000 shares of the business’s stock in a transaction dated 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 directly owns 3,782,554 shares of the company’s stock, valued at $319,739,289.62. The disclosure for this sale can be found here. Insiders sold 96,700 shares of company stock valued at $8,521,624 over the last ninety days. 10.80% of the stock is currently owned by company insiders.

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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