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Legal & General Group Plc Sells 346 Shares of Liberty Broadband Corp. (LBRDA)

Legal & General Group Plc Sells 346 Shares Of Liberty Broadband Corp. (LBRDA)Legal & General Group Plc cut its position in shares of Liberty Broadband Corp. (NASDAQ:LBRDA) by 0.4% during the first quarter, Holdings Channel1 reports.

The fund owned 82,961 shares of the company s stock after selling 346 shares during the period. Legal & General Group Plc owned about 0.08% of Liberty Broadband Corp. worth $4,825,000 at the end of the most recent quarter. Several other institutional investors have also recently made changes to their positions in LBRDA. BlackRock Inc. boosted its position in shares of Liberty Broadband Corp. by 6.0% in the first quarter.

BlackRock Inc. now owns 9,575 shares of the company s stock worth $557,000 after buying an additional 541 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Liberty Broadband Corp. by 109.0% in the first quarter. JPMorgan Chase & Co. now owns 10,291 shares of the company s stock worth $600,000 after buying an additional 5,367 shares in the last quarter. Aviva PLC boosted its position in shares of Liberty Broadband Corp. by 2.3% in the first quarter.

Aviva PLC now owns 11,504 shares of the company s stock worth $669,000 after buying an additional 263 shares in the last quarter. Renaissance Technologies LLC boosted its position in shares of Liberty Broadband Corp. by 135.6% in the first quarter. Renaissance Technologies LLC now owns 13,900 shares of the company s stock worth $808,000 after buying an additional 8,000 shares in the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Liberty Broadband Corp. by 0.5% in the fourth quarter. Rhumbline Advisers now owns 23,474 shares of the company s stock worth $1,212,000 after buying an additional 112 shares in the last quarter.

Shares of Liberty Broadband Corp. (NASDAQ:LBRDA) traded down 1.64% during midday trading on Friday, hitting $61.93.

133,466 shares of the company were exchanged. The firm s 50 day moving average price is $60.87 and its 200 day moving average price is $56.14. The firm s market capitalization is $6.40 billion. Liberty Broadband Corp. has a one year low of $42.03 and a one year high of $63.60. A number of brokerages have recently weighed in on LBRDA. Zacks Investment Research raised shares of Liberty Broadband Corp.

from a sell rating to a buy rating and set a $66.00 price target on the stock in a research report on Tuesday, May 3rd. TheStreet raised shares of Liberty Broadband Corp. from a sell rating to a hold rating in a research report on Monday, April 11th. Wunderlich lifted their price target on shares of Liberty Broadband Corp. from $70.00 to $73.00 and gave the stock a buy rating in a research report on Wednesday, June 22nd. Pivotal Research lifted their price target on shares of Liberty Broadband Corp. from $74.00 to $77.00 and gave the stock a buy rating in a research report on Tuesday, May 24th. Finally, Deutsche Bank AG reissued a buy rating and set a $76.00 price target on shares of Liberty Broadband Corp. in a research report on Sunday, May 22nd.

One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The company has an average rating of Buy and a consensus price target of $72.80. In other news, Director John C. Malone sold 66,500 shares of the company s stock in a transaction on Friday, June 3rd. The shares were sold at an average price of $59.37, for a total value of $3,948,105.00. Following the sale, the director now directly owns 4,175,054 shares of the company s stock, valued at approximately $247,872,955.98. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website2.

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.

Want to see what other hedge funds are holding LBRDA? Visit HoldingsChannel.com3 to get the latest 13F filings and insider trades for Liberty Broadband Corp. (NASDAQ:LBRDA).

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References

  1. ^ Holdings Channel (www.holdingschannel.com)
  2. ^ the SEC website (www.sec.gov)
  3. ^ Visit HoldingsChannel.com (www.holdingschannel.com)
  4. ^ MarketBeat.com’s FREE daily email newsletter (www.webbreakingnews.com)

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