State of Wisconsin Investment Board Raises Holdings in Liberty Broadband Corporation (LBRDK)

State of Wisconsin Investment Board raised its position in Liberty Broadband Corporation (NASDAQ:LBRDK) by 48.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,197 shares of the company’s stock after buying an additional 48,090 shares during the quarter. State of Wisconsin Investment Board owned 0.08% of Liberty Broadband Corporation worth $14,028,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Creative Planning lifted its position in shares of Liberty Broadband Corporation by 1.9% during the 2nd quarter. Creative Planning now owns 5,853 shares of the company’s stock valued at $508,000 after acquiring an additional 107 shares during the period. Swiss National Bank lifted its position in shares of Liberty Broadband Corporation by 2.8% during the 2nd quarter. Swiss National Bank now owns 390,200 shares of the company’s stock valued at $33,850,000 after acquiring an additional 10,700 shares during the period. Sumitomo Mitsui Trust Holdings Inc. lifted its position in shares of Liberty Broadband Corporation by 4.3% during the 2nd quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 336,018 shares of the company’s stock valued at $29,150,000 after acquiring an additional 13,896 shares during the period. First Trust Advisors LP lifted its position in shares of Liberty Broadband Corporation by 8.7% during the 2nd quarter. First Trust Advisors LP now owns 83,057 shares of the company’s stock valued at $7,205,000 after acquiring an additional 6,654 shares during the period. Finally, Leucadia National Corp bought a new stake in shares of Liberty Broadband Corporation during the 2nd quarter valued at $1,402,000. 62.94% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Director John C. Malone sold 8,550 shares of the company’s stock in a transaction on Monday, September 18th. The stock was sold at an average price of $98.11, for a total transaction of $838,840.50. Following the completion of the sale, the director now directly owns 3,452,779 shares in the company, valued at approximately $338,752,147.69. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director John C. Malone sold 34,500 shares of the company’s stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $95.18, for a total value of $3,283,710.00. Following the sale, the director now owns 3,452,500 shares of the company’s stock, valued at $328,608,950. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 208,520 shares of company stock valued at $20,103,353. 10.80% of the stock is owned by corporate insiders.

A number of analysts have recently weighed in on the company. TheStreet downgraded Liberty Broadband Corporation from a “b” rating to a “c+” rating in a research report on Wednesday, August 16th. Zacks Investment Research downgraded Liberty Broadband Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $95.00 target price (up from $91.00) on shares of Liberty Broadband Corporation in a research report on Monday, July 17th.

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Shares of Liberty Broadband Corporation (NASDAQ:LBRDK) opened at $89.13 on Tuesday. The company has a current ratio of 11.64, a quick ratio of 11.64 and a debt-to-equity ratio of 0.06. Liberty Broadband Corporation has a 1 year low of $67.27 and a 1 year high of $104.66. The firm has a market capitalization of $16,091.46, a price-to-earnings ratio of 884.90 and a beta of 1.33.

About Liberty Broadband Corporation

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.

Institutional Ownership by Quarter for Liberty Broadband Corporation (NASDAQ:LBRDK)

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