Categories

acquires-shares

The M&T Bank Corp Invests $225000 in Liberty Broadband Corporation (LBRDA)

A number of other institutional investors have also recently modified their holdings of LBRDA. State Board of Administration of Florida Retirement System boosted its position in shares of Liberty Broadband Corporation by 0.6% in the fourth quarter. State Board of Administration of Florida Retirement System now owns 38,575 shares of the company’s stock valued at $2,795,000 after buying an additional 240 shares in the last quarter. Comerica Bank boosted its position in shares of Liberty Broadband Corporation by 20.5% in the fourth quarter. Comerica Bank now owns 5,218 shares of the company’s stock valued at $391,000 after buying an additional 888 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Liberty Broadband Corporation by 1.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 192,067 shares of the company’s stock valued at $13,919,000 after buying an additional 1,831 shares in the last quarter. FMR LLC boosted its position in shares of Liberty Broadband Corporation by 27.5% in the fourth quarter. FMR LLC now owns 1,299,374 shares of the company’s stock valued at $94,153,000 after buying an additional 280,400 shares in the last quarter.

Finally, Keybank National Association OH boosted its position in shares of Liberty Broadband Corporation by 0.6% in the fourth quarter. Keybank National Association OH now owns 3,288 shares of the company’s stock valued at $238,000 after buying an additional 19 shares in the last quarter.

81.58% of the stock is owned by institutional investors. M&T Bank Corp acquired a new stake in shares of Liberty Broadband Corporation (NASDAQ:LBRDA) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 2,631 shares of the company’s stock, valued at approximately $225,000. Shares of Liberty Broadband Corporation (LBRDA) opened at 85.27 on Wednesday.

The firm’s 50-day moving average is $85.83 and its 200 day moving average is $82.42. Liberty Broadband Corporation has a 12 month low of $55.30 and a 12 month high of $91.16. The company has a market capitalization of $15.50 billion, a price-to-earnings ratio of 15.93 and a beta of 1.43. Several brokerages have issued reports on LBRDA. Pivotal Research dropped their target price on shares of Liberty Broadband Corporation from $108.00 to $107.00 and set a “buy” rating for the company in a research report on Wednesday, April 5th. Zacks Investment Research lowered shares of Liberty Broadband Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, March 15th. Finally, TheStreet upgraded shares of Liberty Broadband Corporation from a “c+” rating to a “b-” rating in a research report on Wednesday, March 8th.

One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $87.67. In other Liberty Broadband Corporation news, Director John C. Malone sold 40,000 shares of the stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $87.67, for a total transaction of $3,506,800.00. Following the completion of the sale, the director now directly owns 3,805,554 shares of the company’s stock, valued at approximately $333,632,919.18. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Company insiders own 6.09% of the company’s stock.

Receive News & Ratings for Liberty Broadband Corporation Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Liberty Broadband Corporation and related companies with MarketBeat.com’s FREE daily email newsletter.