US Bancorp DE boosted its holdings in Liberty Broadband Corp (NASDAQ:LBRDK) by 11.1% in the fourth quarter, HoldingsChannel.com reports. The firm owned 40,099 shares of the company’s stock after acquiring an additional 4,018 shares during the period. US Bancorp DE’s holdings in Liberty Broadband were worth $3,414,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors have also added to or reduced their stakes in the company. 3G Capital Partners LP acquired a new position in Liberty Broadband in the third quarter worth $43,145,000. Supplemental Annuity Collective Trust of NJ acquired a new position in Liberty Broadband in the third quarter worth $667,000. State of Wisconsin Investment Board boosted its holdings in Liberty Broadband by 48.5% in the third quarter. State of Wisconsin Investment Board now owns 147,197 shares of the company’s stock worth $14,028,000 after purchasing an additional 48,090 shares during the period. Bank of New York Mellon Corp boosted its holdings in Liberty Broadband by 22.8% in the third quarter. Bank of New York Mellon Corp now owns 461,154 shares of the company’s stock worth $43,948,000 after purchasing an additional 85,671 shares during the period. Finally, New Jersey Better Educational Savings Trust acquired a new position in shares of Liberty Broadband during the third quarter valued at $477,000. 54.12% of the stock is owned by hedge funds and other institutional investors.
In other news, Director John E. Welsh III purchased 2,000 shares of Liberty Broadband stock in a transaction dated Friday, December 22nd. The stock was bought at an average price of $85.50 per share, with a total value of $171,000.00. Following the completion of the acquisition, the director now owns 5,000 shares in the company, valued at approximately $427,500. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 10.80% of the company’s stock.
Separately, Zacks Investment Research downgraded shares of Liberty Broadband from a “hold” rating to a “sell” rating in a report on Friday, October 20th.
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Liberty Broadband Profile
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.
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