Employees Retirement System of Texas Maintains Position in Liberty Broadband Corporation (LBRDK)

Employees Retirement System of Texas held its position in shares of Liberty Broadband Corporation (NASDAQ:LBRDK) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 42,000 shares of the company’s stock at the close of the second quarter. Employees Retirement System of Texas’ holdings in Liberty Broadband Corporation were worth $3,644,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Advisor Group Inc. lifted its stake in Liberty Broadband Corporation by 14.2% during the second quarter. Advisor Group Inc. now owns 1,674 shares of the company’s stock worth $146,000 after purchasing an additional 208 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in Liberty Broadband Corporation during the first quarter worth $186,000. Capstone Asset Management Co. lifted its stake in Liberty Broadband Corporation by 3.4% during the second quarter. Capstone Asset Management Co. now owns 2,456 shares of the company’s stock worth $213,000 after purchasing an additional 80 shares during the last quarter. Prudential Financial Inc. bought a new position in Liberty Broadband Corporation during the second quarter worth $223,000. Finally, D.A. Davidson & CO. lifted its stake in Liberty Broadband Corporation by 0.8% during the second quarter. D.A. Davidson & CO. now owns 2,784 shares of the company’s stock worth $241,000 after purchasing an additional 23 shares during the last quarter. Institutional investors own 63.18% of the company’s stock.

Liberty Broadband Corporation (NASDAQ LBRDK) opened at 97.00 on Friday. The company has a market capitalization of $17.64 billion, a PE ratio of 570.59 and a beta of 1.40. Liberty Broadband Corporation has a 52 week low of $63.64 and a 52 week high of $104.66. The company’s 50-day moving average price is $98.65 and its 200 day moving average price is $91.62.

In related news, Director John C. Malone sold 5,700 shares of the business’s stock in a transaction on Monday, July 17th. The stock was sold at an average price of $88.62, for a total value of $505,134.00. Following the sale, the director now owns 3,782,554 shares of the company’s stock, valued at approximately $335,209,935.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director John C. Malone sold 8,550 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $98.11, for a total value of $838,840.50. Following the completion of the sale, 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. Insiders have sold a total of 205,670 shares of company stock worth $19,651,998 in the last three months. 10.80% of the stock is owned by insiders.

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Several equities analysts recently issued reports on LBRDK shares. Zacks Investment Research upgraded 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 Liberty Broadband Corporation from a “b” rating to a “c+” rating in a research note on Wednesday, August 16th.

Liberty Broadband Corporation 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.

Institutional Ownership by Quarter for Liberty Broadband Corporation (NASDAQ:LBRDK)

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