Liberty Broadband Corp (LBRDA) Files Form 4 Insider Selling : John C Malone Sells 66,500 Shares

Liberty Broadband Corp (LBRDA): John C Malone , director 10% owner of Liberty Broadband Corp sold 66,500 shares on Jun 3, 2016. The Insider selling transaction was reported by the company on Jun 7, 2016 to the Securities and Exchange Commission. The shares were sold at $59.37 per share for a total value of $3,947,892.25 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 4, 2016, John C Malone (director 10% owner) sold 26,000 shares at $58.38 per share price.On Jan 7, 2016, Richard N Baer (Chief Legal Officer) sold 44,017 shares at $49.94 per share price.Also, On Apr 2, 2015, Albert E Rosenthaler (Senior Vice President) sold 8,887 shares at $57.33 per share price.On Mar 25, 2015, Christopher W Shean (Senior Vice President/CFO) sold 895 shares at $53.71 per share price.

Company has been under the radar of several Street Analysts.Liberty Broadband Corp is Reiterated by Pivotal Research Group to Buy and the brokerage firm has raised the Price Target to $ 77 from a previous price target of $74 .The Rating was issued on May 24, 2016.Liberty Broadband Corp is Reiterated by Wunderlich to Buy while Lowering the Price Target of the company shares to $ 70 from a previous price target of $72 . The Rating was issued on Mar 21, 2016.Liberty Broadband Corp is Upgraded by Buckingham Research to Buy. Earlier the firm had a rating of Neutral on the company shares. The Rating was issued on Mar 18, 2016.

Liberty Broadband Corporation holds ownership interests in Charter Communications Inc. (Charter ) and TruePosition Inc. (TruePosition) as well as a minority equity interest in Time Warner Cable Inc. (Time Warner Cable). Charter is a cable operator in the United States and provides advanced video high-speed Internet and telephone service to residential and business customers. TruePosition is a provider of mission-critical location based solutions 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. Time Warner Cable is a cable operator in the United States offering residential and commercial video high-speed data and voice services over its broadband cable systems.

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