Liberty Broadband Corporation (NASDAQ:LBRDA) Sees Unusual Trading Volume in Its Shares

Eloi Lecerf
Agosto 12, 2017

Liberty Broadband Corporation holds interest in Charter Communications, Inc (Charter) and its subsidiary Skyhook Holding, Inc (Skyhook). Comerica Bank boosted its stake in shares of Liberty Broadband Corporation by 20.5% in the fourth quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of LBRDA. "Maintains Stake in Liberty Broadband Corporation (NASDAQ:LBRDA)" was originally reported by StockNewsTimes and is the sole property of of StockNewsTimes. Envestnet Asset Management Inc. boosted its stake in shares of Liberty Broadband Corporation by 2.4% in the fourth quarter. Comerica Bank now owns 5,218 shares of the company's stock worth $391,000 after buying an additional 888 shares in the last quarter. US Bancorp DE boosted its position in shares of Liberty Broadband Corporation by 5.1% in the first quarter. Envestnet Asset Management Inc. now owns 4,172 shares of the company's stock worth $297,000 after buying an additional 99 shares in the last quarter. Appleton Partners Inc. MA purchased a new position in Liberty Broadband Corporation during the first quarter worth approximately $215,000. The value of the investment in (LBRDK) went from $77,960,000 to $37,373,000 decreasing 52.1% quarter to quarter. Finally, Suntrust Banks Inc. boosted its stake in shares of Liberty Broadband Corporation by 0.4% in the first quarter. Blackrock Inc. owns 20,771 shares with a value of $1,782,000. Institutional investors and hedge funds own 63.60% of the company's stock.

Dimensional Fund Advisors Lp increased its investment in Liberty Broadband Corporation - by 7.0% in a 13F filing with the SEC. The stock has a market cap of $18.48 billion, a price-to-earnings ratio of 597.71 and a beta of 1.48. Cablevision Systems has a 12-month low of $32.63 and a 12-month high of $34.91.

Shares of the company are trading at $101.65 which is significantly higher than $90.19, the stock's 50 day moving average and quite a bit higher than the 200 day moving average of $86.50.

Wal-Mart Stores, Inc. (NYSE:WMT) Cut to Hold at BidaskClub
It has underperformed by 2.87% the S&P500.The move comes after 5 months positive chart setup for the $245.07 billion company. Jefferies Group LLC set a $88.00 price target on Wal-Mart Stores and gave the company a "buy" rating in a report on Friday.

TRADEMARK VIOLATION NOTICE: "Cablevision Systems (NYSE:CVC) Receiving Somewhat Positive Press Coverage, Report Shows" was first posted by Chaffey Breeze and is owned by of Chaffey Breeze. If you are accessing this article on another domain, it was copied illegally and republished in violation of global copyright & trademark laws. The legal version of this news story can be read at https://theolympiareport.com/2017/08/11/liberty-broadband-corporation-nasdaqlbrdk-position-held-by-george-kaiser-family-foundation.html. One research analyst has rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. Zacks Investment Research lowered shares of Liberty Broadband Corporation from a "hold" rating to a "sell" rating in a research note on Thursday, July 20th. Liberty Broadband Corp presently has an average rating of "Buy" and a consensus target price of $96.00.

In other Liberty Broadband Corporation news, Director John C. Malone sold 23,000 shares of the company's stock in a transaction dated Monday, June 12th. The shares were sold on July 17th for an average price of $88.62. Following the completion of the transaction, the director now directly owns 3,782,554 shares in the company, valued at $335,209,935.48. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

John C. Malone, Director let go of $3,506,400 worth of shares at an average price of $87.66 on Monday the 12th. The shares were sold on June 12th for an average price of $87.66. Malone now owns $319,739,290 of the stock according to the SEC filing. The disclosure for this sale can be found here. Suntrust Banks Inc. boosted its position in shares of Liberty Broadband Corporation by 0.4% in the first quarter.

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