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Stocks: Liberty Broadband Corp (LBRDK) Stake Reduced by River Road Asset Management LLC

Several other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Institutional Trust Company N.A. increased its stake in Liberty Broadband Corp by 9.0% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 2,000,841 shares of the company’s stock valued at $143,020,000 after buying an additional 165,964 shares in the last quarter. State Street Corp increased its stake in Liberty Broadband Corp by 6.6% in the fourth quarter. State Street Corp now owns 1,911,209 shares of the company’s stock valued at $141,553,000 after buying an additional 118,732 shares in the last quarter. BlackRock Fund Advisors increased its stake in Liberty Broadband Corp by 6.0% in the third quarter. BlackRock Fund Advisors now owns 984,260 shares of the company’s stock valued at $70,355,000 after buying an additional 55,668 shares in the last quarter.

Cadian Capital Management LP increased its stake in Liberty Broadband Corp by 22.8% in the third quarter. Cadian Capital Management LP now owns 860,280 shares of the company’s stock valued at $61,493,000 after buying an additional 159,650 shares in the last quarter. Finally, Franklin Resources Inc. increased its stake in Liberty Broadband Corp by 59.2% in the fourth quarter. Franklin Resources Inc. now owns 679,174 shares of the company’s stock valued at $50,307,000 after buying an additional 252,521 shares in the last quarter. Institutional investors own 65.80% of the company’s stock.

River Road Asset Management LLC decreased its stake in Liberty Broadband Corp (NASDAQ:LBRDK) by 19.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 178,041 shares of the company’s stock after selling 42,455 shares during the period. River Road Asset Management LLC’s holdings in Liberty Broadband Corp were worth $15,383,000 as of its most recent filing with the SEC. Shares of Liberty Broadband Corp (NASDAQ:LBRDK) traded up 0.76% during mid-day trading on Thursday, reaching $91.58.

117,222 shares of the company’s stock were exchanged. Liberty Broadband Corp has a 52-week low of $55.05 and a 52-week high of $92.00. The stock’s 50-day moving average is $86.84 and its 200-day moving average is $78.41. The stock has a market cap of $16.65 billion, a price-to-earnings ratio of 15.26 and a beta of 1.47.

Several research firms recently issued reports on LBRDK. TheStreet raised shares of Liberty Broadband Corp from a “c+” rating to a “b-” rating in a report on Tuesday, March 14th. Zacks Investment Research raised shares of Liberty Broadband Corp from a “strong sell” rating to a “hold” rating in a report on Tuesday, January 31st. About Liberty Broadband Corp

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

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