Appleton Partners Inc. MA bought a new stake in Liberty Broadband Corp (NASDAQ:LBRDK) during the fourth quarter, according to its most recent filing with the SEC. The firm bought 3,278 shares of the company’s stock, valued at approximately $279,000.
Other large investors have also recently bought and sold shares of the company. Neuberger Berman Group LLC grew its position in Liberty Broadband by 256.0% in the 3rd quarter. Neuberger Berman Group LLC now owns 58,200 shares of the company’s stock worth $5,546,000 after purchasing an additional 41,850 shares during the last quarter. California Public Employees Retirement System grew its position in Liberty Broadband by 5.3% in the 3rd quarter. California Public Employees Retirement System now owns 264,798 shares of the company’s stock worth $25,235,000 after purchasing an additional 13,398 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Liberty Broadband in the 3rd quarter worth $1,002,000. 3G Capital Partners LP acquired a new stake in Liberty Broadband in the 3rd quarter worth $43,145,000. Finally, Jane Street Group LLC acquired a new stake in Liberty Broadband in the 3rd quarter worth $3,104,000. Institutional investors and hedge funds own 54.02% of the company’s stock.
Separately, Zacks Investment Research lowered shares of Liberty Broadband from a “hold” rating to a “sell” rating in a research report on Friday, October 20th.
In other news, Director John C. Malone sold 8,550 shares of the firm’s stock in a transaction dated Monday, October 16th. The shares were sold at an average price of $94.87, for a total transaction of $811,138.50. Following the completion of the transaction, the director now directly owns 3,418,279 shares of the company’s stock, valued at approximately $324,292,128.73. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John E. Welsh III acquired 2,000 shares of Liberty Broadband stock in a transaction dated Friday, December 22nd. The shares were acquired at an average cost of $85.50 per share, with a total value of $171,000.00. Following the completion of the acquisition, the director now directly owns 5,000 shares in the company, valued at approximately $427,500. The disclosure for this purchase can be found here. Company insiders own 10.80% of the company’s stock.
Shares of Liberty Broadband Corp (LBRDK) opened at $90.70 on Friday. The company has a quick ratio of 11.64, a current ratio of 11.64 and a debt-to-equity ratio of 0.06. The stock has a market cap of $16,470.00, a price-to-earnings ratio of 907.00 and a beta of 1.29. Liberty Broadband Corp has a 12-month low of $75.48 and a 12-month high of $104.66.
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About Liberty Broadband
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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