Victory Capital Management Inc. decreased its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDA – Free Report) by 30.1% during the 4th quarter, Holdings Channel reports. The institutional investor owned 4,408 shares of the company’s stock after selling 1,898 shares during the period. Victory Capital Management Inc.’s holdings in Liberty Broadband were worth $355,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Citigroup Inc. lifted its position in Liberty Broadband by 14.2% during the 3rd quarter. Citigroup Inc. now owns 1,348 shares of the company’s stock valued at $123,000 after purchasing an additional 168 shares during the period. Signaturefd LLC lifted its position in Liberty Broadband by 32.1% during the 3rd quarter. Signaturefd LLC now owns 1,580 shares of the company’s stock valued at $144,000 after purchasing an additional 384 shares during the period. Evergreen Capital Management LLC acquired a new position in Liberty Broadband during the 3rd quarter valued at about $201,000. Rehmann Capital Advisory Group lifted its position in Liberty Broadband by 14.2% during the 3rd quarter. Rehmann Capital Advisory Group now owns 3,687 shares of the company’s stock valued at $335,000 after purchasing an additional 458 shares during the period. Finally, Acadian Asset Management LLC bought a new stake in shares of Liberty Broadband in the 3rd quarter valued at about $345,000. Institutional investors and hedge funds own 10.29% of the company’s stock.
Insider Activity
In other news, Director J David Wargo sold 9,000 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $56.80, for a total value of $511,200.00. Following the completion of the sale, the director now directly owns 97,332 shares of the company’s stock, valued at approximately $5,528,457.60. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders sold a total of 45,000 shares of company stock valued at $2,435,830 in the last ninety days. 19.65% of the stock is owned by insiders.
Liberty Broadband Stock Performance
Liberty Broadband Company Profile
Liberty Broadband Corporation engages in the communications businesses. The company's GCI Holdings segment provides data, wireless, video, voice, and managed services to residential customers, businesses, governmental entities, educational, and medical institutions in Alaska under the GCI brand.
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