Today: Today: Bislett Management LLC decides to keep it stake in Liberty Broadband Corp. (LBRDK) to the level of $1,478,000

Today: Bislett Management LLC decides to keep it stake in Liberty Broadband Corp. (LBRDK) to the level of $1,478,000

Bislett Management LLC continued to hold its position in shares of Liberty Broadband Corp. (NASDAQ:LBRDK) during the third quarter, Holdings Channel reports. The firm owned 20,680 shares of the company’s stock at the end of the third quarter. Liberty Broadband Corp. comprises 1.0% of Bislett Management LLC’s investment portfolio, making the stock its 21st largest position. Bislett Management LLC’s holdings in Liberty Broadband Corp. were worth $1,478,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. A.R.T. Advisors LLC acquired a new position in shares of Liberty Broadband Corp. during the first quarter worth $812,000. NEXT Financial Group Inc increased its position in shares of Liberty Broadband Corp. by 759.5% in the second quarter. NEXT Financial Group Inc now owns 1,908 shares of the company’s stock worth $114,000 after buying an additional 1,686 shares in the last quarter. Creative Planning increased its position in shares of Liberty Broadband Corp. by 2.6% in the second quarter. Creative Planning now owns 5,680 shares of the company’s stock worth $341,000 after buying an additional 142 shares in the last quarter. Douglass Winthrop Advisors LLC acquired a new position in shares of Liberty Broadband Corp. during the second quarter worth $8,150,000. Finally, IBM Retirement Fund increased its position in shares of Liberty Broadband Corp. by 56.2% in the second quarter. IBM Retirement Fund now owns 10,433 shares of the company’s stock worth $626,000 after buying an additional 3,753 shares in the last quarter. Institutional investors and hedge funds own 66.38% of the company’s stock.

Shares of Liberty Broadband Corp. (NASDAQ:LBRDK) traded down 1.30% during mid-day trading on Monday, hitting $70.40. The company’s stock had a trading volume of 39,824 shares. The company has a 50-day moving average price of $68.12 and a 200-day moving average price of $65.12. The stock has a market cap of $12.79 billion, a PE ratio of 11.12 and a beta of 1.40. Liberty Broadband Corp. has a 1-year low of $41.30 and a 1-year high of $72.94.

A number of research firms recently issued reports on LBRDK. Zacks Investment Research raised Liberty Broadband Corp. from a “hold” rating to a “buy” rating and set a $79.00 price objective for the company in a research report on Wednesday, September 14th. TheStreet raised Liberty Broadband Corp. from a “hold” rating to a “buy” rating in a research report on Thursday, November 3rd.

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