Categories

alabama-reduces

The United States Steel & Carnegie Pension Fund Sells 6232 Shares of Liberty Broadband Corporation (LBRDA)

United States Steel & Carnegie Pension Fund cut its position in Liberty Broadband Corporation (NASDAQ:LBRDA) by 18.3% during the third quarter, Holdings Channel reports. The fund owned 27,794 shares of the company’s stock after selling 6,232 shares during the period. United States Steel & Carnegie Pension Fund’s holdings in Liberty Broadband Corporation were worth $1,950,000 as of its most recent SEC filing. Several other institutional investors have also modified their holdings of LBRDA. OTA Financial Group L.P. acquired a new position in shares of Liberty Broadband Corporation during the second quarter worth approximately $1,416,000. Oxford Asset Management boosted its position in shares of Liberty Broadband Corporation by 22.9% in the second quarter.

Oxford Asset Management now owns 100,787 shares of the company’s stock worth $5,987,000 after buying an additional 18,775 shares during the last quarter. Teacher Retirement System of Texas boosted its position in shares of Liberty Broadband Corporation by 28.0% in the second quarter. Teacher Retirement System of Texas now owns 3,680 shares of the company’s stock worth $219,000 after buying an additional 806 shares during the last quarter. Prudential Financial Inc. boosted its position in shares of Liberty Broadband Corporation by 4.2% in the second quarter. Prudential Financial Inc. now owns 4,950 shares of the company’s stock worth $294,000 after buying an additional 200 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Liberty Broadband Corporation by 2.1% in the second quarter.

Vanguard Group Inc. now owns 1,729,792 shares of the company’s stock worth $102,750,000 after buying an additional 36,102 shares during the last quarter.

79.70% of the stock is owned by institutional investors and hedge funds. Shares of Liberty Broadband Corporation (NASDAQ:LBRDA) traded down 0.39% during midday trading on Tuesday, reaching $83.30.

27,134 shares of the company were exchanged. The firm has a 50-day moving average of $75.04 and a 200 day moving average of $68.98. The firm has a market capitalization of $15.13 billion, a P/E ratio of 13.16 and a beta of 1.45. Liberty Broadband Corporation has a 52 week low of $42.03 and a 52 week high of $83.54.

LBRDA has been the subject of a number of recent research reports. Zacks Investment Research cut shares of Liberty Broadband Corporation from a “buy” rating to a “hold” rating in a research note on Wednesday, October 26th. TheStreet upgraded shares of Liberty Broadband Corporation from a “hold” rating to a “buy” rating in a report on Thursday, November 3rd. Finally, Macquarie upgraded shares of Liberty Broadband Corporation from a “neutral” rating to an “outperform” rating and set a $102.00 target price for the company in a report on Friday. One analyst has rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $81.17.

In other news, insider Richard N. Baer sold 3,880 shares of the company’s stock in a transaction on Friday, December 16th. The shares were sold at an average price of $74.41, for a total transaction of $288,710.80. Following the completion of the sale, the insider now owns 1,293 shares of the company’s stock, valued at $96,212.13. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider Richard N. Baer sold 40,139 shares of the company’s stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $72.59, for a total transaction of $2,913,690.01. Following the sale, the insider now directly owns 13,288 shares of the company’s stock, valued at approximately $964,575.92.

The disclosure for this sale can be found here. Insiders have sold 190,019 shares of company stock valued at $13,455,420 over the last 90 days.

11.32% of the stock is currently owned by company insiders. About Liberty Broadband Corporation

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.com to get the latest 13F filings and insider trades for Liberty Broadband Corporation (NASDAQ:LBRDA).