Brown Advisory Inc. boosted its holdings in Liberty Broadband Corp (NASDAQ:LBRDK) by 5.8% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,279 shares of the company’s stock after acquiring an additional 1,225 shares during the quarter. Brown Advisory Inc.’s holdings in Liberty Broadband were worth $2,123,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Toronto Dominion Bank grew its stake in Liberty Broadband by 12.4% during the second quarter. Toronto Dominion Bank now owns 1,316 shares of the company’s stock worth $114,000 after buying an additional 145 shares during the last quarter. Advisor Group Inc. grew its stake in Liberty Broadband by 14.2% during the second quarter. Advisor Group Inc. now owns 1,674 shares of the company’s stock worth $146,000 after buying an additional 208 shares during the last quarter. Macquarie Group Ltd. grew its stake in Liberty Broadband by 260.0% during the second quarter. Macquarie Group Ltd. now owns 1,800 shares of the company’s stock worth $156,000 after buying an additional 1,300 shares during the last quarter. Massey Quick Simon & CO. LLC bought a new stake in Liberty Broadband during the third quarter worth about $172,000. Finally, Fox Run Management L.L.C. bought a new stake in Liberty Broadband during the third quarter worth about $200,000. 54.02% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director John C. Malone sold 8,550 shares of the stock in a transaction that occurred on Monday, October 16th. The shares were sold at an average price of $94.87, for a total transaction of $811,138.50. Following the sale, the director now directly owns 3,418,279 shares of the company’s stock, valued at $324,292,128.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John E. Welsh III purchased 2,000 shares of the firm’s stock in a transaction dated Friday, December 22nd. The shares were bought at an average cost of $85.50 per share, for a total transaction of $171,000.00. Following the completion of the purchase, the director now directly owns 5,000 shares of the company’s stock, valued at $427,500. The disclosure for this purchase can be found here. Insiders have sold 88,050 shares of company stock worth $8,294,249 over the last ninety days. Insiders own 10.80% of the company’s stock.
Separately, Zacks Investment Research raised shares of Liberty Broadband from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th.
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Liberty Broadband 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.
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