A Director at Liberty Broadband Corp (NASDAQ: LBRDA) is Buying Shares

By Carrie Williams

Today, a Director at Liberty Broadband Corp (NASDAQ: LBRDA), John Welsh, bought shares of LBRDA for $171K.

This recent transaction increases John Welsh’s holding in the company by 66.67% to a total of $416.8K. Following John Welsh’s last LBRDA Buy transaction on December 17, 2014, the stock climbed by 35.3%.

The company has a one-year high of $104.35 and a one-year low of $70.45. LBRDA’s market cap is $15.46B and the company has a P/E ratio of 833.50. Currently, Liberty Broadband Corp has an average volume of 170K.

Starting in December 2014, LBRDA received 16 Buy ratings in a row. Five different firms, including Buckingham and Deutsche Bank, currently also have a Buy rating on the stock.

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Liberty Broadband Corp. operates as a holding company, which engages in cable services and wireless telecommunications businesses. It operates through its subsidiaries, Charter Communications, Inc and TruePosition, Inc. The company was founded on November 4, 2014 is headquartered on Englewood, CO.