State Street Corp raised its stake in shares of Liberty Broadband Corp. (NASDAQ:LBRDK) by 2.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 852,241 shares of the company’s stock after buying an additional 16,410 shares during the period. State Street Corp owned 0.82% of Liberty Broadband Corp. worth $49,388,000 as of its most recent SEC filing.
Several other hedge funds have also recently bought and sold shares of the stock. Norman Fields Gottscho Capital Management LLC raised its stake in Liberty Broadband Corp. by 1.1% in the first quarter. Norman Fields Gottscho Capital Management LLC now owns 12,405 shares of the company’s stock worth $719,000 after buying an additional 140 shares in the last quarter. VNBTrust National Association raised its stake in Liberty Broadband Corp. by 0.3% in the first quarter. VNBTrust National Association now owns 67,417 shares of the company’s stock worth $3,907,000 after buying an additional 207 shares in the last quarter. Ameriprise Financial Inc. raised its stake in Liberty Broadband Corp. by 0.8% in the fourth quarter. Ameriprise Financial Inc. now owns 31,469 shares of the company’s stock worth $1,632,000 after buying an additional 250 shares in the last quarter. Mark Asset Management Corp raised its stake in Liberty Broadband Corp. by 0.5% in the fourth quarter. Mark Asset Management Corp now owns 69,337 shares of the company’s stock worth $3,596,000 after buying an additional 345 shares in the last quarter. Finally, Aperio Group LLC raised its stake in Liberty Broadband Corp. by 5.3% in the first quarter. Aperio Group LLC now owns 8,306 shares of the company’s stock worth $481,000 after buying an additional 420 shares in the last quarter.
Shares of Liberty Broadband Corp. (NASDAQ:LBRDK) traded up 0.51% during mid-day trading on Thursday, hitting $63.60. 338,010 shares of the company were exchanged. Liberty Broadband Corp. has a 12-month low of $41.30 and a 12-month high of $63.87. The stock’s 50-day moving average price is $60.68 and its 200 day moving average price is $55.60. The stock’s market cap is $6.57 billion.
In other Liberty Broadband Corp. news, Director John C. Malone sold 26,000 shares of Liberty Broadband Corp. stock in a transaction dated Monday, May 2nd. The stock was sold at an average price of $58.22, for a total transaction of $1,513,720.00. Following the transaction, the director now owns 4,198,454 shares of the company’s stock, valued at approximately $244,433,991.88. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
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.
