Trade Report: Today, Markel Corp invests in Liberty Broadband Corp. (LBRDA) Shares

Today, Markel Corp invests in Liberty Broadband Corp. (LBRDA) Shares

Markel Corp increased its position in shares of Liberty Broadband Corp. (NASDAQ:LBRDA) by 37.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 118,250 shares of the company’s stock after buying an additional 32,000 shares during the period. Markel Corp owned 0.07% of Liberty Broadband Corp. worth $8,296,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Cutler Group LP raised its position in Liberty Broadband Corp. by 19.8% in the third quarter. Cutler Group LP now owns 2,537 shares of the company’s stock worth $177,000 after buying an additional 420 shares in the last quarter. Panagora Asset Management Inc. raised its position in Liberty Broadband Corp. by 37.1% in the second quarter. Panagora Asset Management Inc. now owns 3,328 shares of the company’s stock worth $198,000 after buying an additional 900 shares in the last quarter. Teacher Retirement System of Texas raised its position in Liberty Broadband Corp. by 28.0% in the second quarter. Teacher Retirement System of Texas now owns 3,680 shares of the company’s stock worth $219,000 after buying an additional 806 shares in the last quarter. Paloma Partners Management Co bought a new position in Liberty Broadband Corp. during the second quarter worth approximately $231,000. Finally, KCG Holdings Inc. bought a new position in Liberty Broadband Corp. during the second quarter worth approximately $236,000. Institutional investors and hedge funds own 81.65% of the company’s stock.

Liberty Broadband Corp. (NASDAQ:LBRDA) traded up 0.51% during trading on Friday, reaching $69.28. 7,811 shares of the company were exchanged. Liberty Broadband Corp. has a 52-week low of $42.03 and a 52-week high of $71.77. The firm has a 50-day moving average of $66.61 and a 200-day moving average of $64.17. The firm has a market cap of $12.59 billion, a price-to-earnings ratio of 10.94 and a beta of 1.43.

Several research analysts have issued reports on LBRDA shares. Pivotal Research restated a “buy” rating and issued a $94.00 price target on shares of Liberty Broadband Corp. in a research report on Monday, September 26th. Deutsche Bank AG lifted their price target on shares of Liberty Broadband Corp. from $76.00 to $80.00 and gave the stock a “buy” rating in a research report on Friday, August 12th. TheStreet upgraded shares of Liberty Broadband Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, November 3rd. Finally, Zacks Investment Research lowered shares of Liberty Broadband Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, October 26th. One analyst has rated the stock with a sell rating and five have issued a buy rating to the company’s stock. Liberty Broadband Corp. has a consensus rating of “Buy” and an average target price of $77.00.

In related news, Director John C. Malone sold 115,112 shares of the business’s stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $70.15, for a total transaction of $8,075,106.80. Following the completion of the sale, the director now directly owns 4,002,935 shares of the company’s stock, valued at $280,805,890.25. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Richard N. Baer sold 1,985 shares of the business’s stock in a transaction that occurred on Friday, October 14th. The stock was sold at an average price of $68.17, for a total transaction of $135,317.45. Following the sale, the insider now directly owns 4,843 shares of the company’s stock, valued at $330,147.31. The disclosure for this sale can be found here. Insiders own 11.32% of the company’s stock.

Liberty Broadband Corp. Company Profile

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.

Receive News & Ratings for Liberty Broadband Corp. Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Liberty Broadband Corp. and related companies with MarketBeat.com’s FREE daily email newsletter.

Related posts

Leave a Comment