Invesco Ltd. Trims Holdings in Liberty Broadband Corporation $LBRDA

Invesco Ltd. reduced its holdings in shares of Liberty Broadband Corporation (NASDAQ:LBRDA) by 12.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,910 shares of the company’s stock after selling 2,652 shares during the quarter. Invesco Ltd.’s holdings in Liberty Broadband were worth $1,522,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sequoia Financial Advisors LLC acquired a new stake in shares of Liberty Broadband during the 1st quarter valued at approximately $219,000. Rhumbline Advisers raised its position in shares of Liberty Broadband by 1.4% during the 1st quarter. Rhumbline Advisers now owns 21,081 shares of the company’s stock valued at $1,792,000 after acquiring an additional 290 shares in the last quarter. Teacher Retirement System of Texas acquired a new stake in shares of Liberty Broadband during the 1st quarter valued at approximately $376,000. Millennium Management LLC increased its position in Liberty Broadband by 142.9% in the fourth quarter. Millennium Management LLC now owns 56,387 shares of the company’s stock worth $4,193,000 after buying an additional 33,174 shares during the period. Finally, Moran Wealth Management LLC increased its position in Liberty Broadband by 11.5% in the first quarter. Moran Wealth Management LLC now owns 36,684 shares of the company’s stock worth $3,118,000 after buying an additional 3,776 shares during the period. 10.29% of the stock is owned by institutional investors and hedge funds.

Liberty Broadband Price Performance

Shares of NASDAQ LBRDA opened at $60.67 on Monday. Liberty Broadband Corporation has a 1-year low of $57.34 and a 1-year high of $102.38. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The business’s fifty day moving average price is $76.93 and its two-hundred day moving average price is $82.75. The firm has a market capitalization of $8.71 billion, a PE ratio of 8.00 and a beta of 0.96.

Liberty Broadband (NASDAQ:LBRDA) last issued its earnings results on Thursday, August 7th. The company reported $2.68 earnings per share for the quarter, topping the consensus estimate of $1.37 by $1.31. The firm had revenue of $261.00 million for the quarter, compared to analyst estimates of $251.70 million. Liberty Broadband had a return on equity of 10.89% and a net margin of 103.04%.

Liberty Broadband Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.4375 per share. This represents a $1.75 dividend on an annualized basis and a dividend yield of 2.9%.

Liberty Broadband 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. Its Charter segment offers subscription-based Internet and video services, and mobile and voice services; and state-of-the-art residential and business services, which includes Spectrum Internet, TV, mobile and voice for small and medium-sized companies; Spectrum Business provides a suite of broadband products and services for businesses and government application; Spectrum Enterprise offers customized fiber-based solutions; Spectrum Reach provides advertising and production for the modern media landscape.