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The Seizert Capital Partners LLC reduces its investment in Liberty Broadband Corp. (LBRDK)

Seizert Capital Partners LLC decreased its stake in shares of Liberty Broadband Corp. (NASDAQ:LBRDK) by 8.4% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,122,850 shares of the company’s stock after selling 103,155 shares during the period. Liberty Broadband Corp. accounts for approximately 3.0% of Seizert Capital Partners LLC’s investment portfolio, making the stock its 4th largest position. Seizert Capital Partners LLC’s holdings in Liberty Broadband Corp. were worth $80,261,000 as of its most recent filing with the SEC. Other institutional investors have also recently added to or reduced their stakes in the company.

Advisor Group Inc. boosted its position in shares of Liberty Broadband Corp. by 1.8% in the third quarter. Advisor Group Inc. now owns 1,633 shares of the company’s stock worth $118,000 after buying an additional 29 shares during the period. Suntrust Banks Inc. boosted its position in shares of Liberty Broadband Corp. by 0.4% in the second quarter. Suntrust Banks Inc.

now owns 10,756 shares of the company’s stock worth $644,000 after buying an additional 42 shares during the period. Private Capital Advisors Inc. boosted its position in shares of Liberty Broadband Corp. by 0.3% in the third quarter. Private Capital Advisors Inc. now owns 18,935 shares of the company’s stock worth $1,353,000 after buying an additional 49 shares during the period. Creative Planning boosted its position in shares of Liberty Broadband Corp. by 0.9% in the third quarter. Creative Planning now owns 5,733 shares of the company’s stock worth $410,000 after buying an additional 53 shares during the period.

Finally, PNC Financial Services Group Inc. boosted its position in shares of Liberty Broadband Corp. by 0.3% in the third quarter. PNC Financial Services Group Inc. now owns 44,880 shares of the company’s stock worth $3,209,000 after buying an additional 140 shares during the period. Institutional investors and hedge funds own 65.87% of the company’s stock. Liberty Broadband Corp. (NASDAQ:LBRDK) opened at 74.22 on Monday.

The stock has a 50 day moving average price of $69.96 and a 200-day moving average price of $66.58. Liberty Broadband Corp. has a one year low of $41.30 and a one year high of $75.67. The stock has a market cap of $13.48 billion, a PE ratio of 11.72 and a beta of 1.41. LBRDK has been the subject of a number of recent research reports. Zacks Investment Research cut Liberty Broadband Corp. from a “buy” rating to a “hold” rating in a report on Tuesday, November 15th.

TheStreet upgraded Liberty Broadband Corp. from a “hold” rating to a “buy” rating in a report on Thursday, November 3rd. In other Liberty Broadband Corp. news, Director John C. Malone sold 25,119 shares of the stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $69.34, for a total transaction of $1,741,751.46. Following the completion of the transaction, the director now owns 4,002,935 shares of the company’s stock, valued at $277,563,512.90.

The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director John C. Malone sold 89,993 shares of the stock in a transaction that occurred on Tuesday, November 22nd. The shares were sold at an average price of $70.38, for a total value of $6,333,707.34. Following the transaction, the director now directly owns 4,002,935 shares of the company’s stock, valued at approximately $281,726,565.30. The disclosure for this sale can be found here.

10.80% of the stock is owned by corporate insiders. Liberty Broadband Corp. Company Profile

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.