Comerica Bank Grows Holdings in Liberty Broadband Corporation $LBRDA

Comerica Bank increased its holdings in Liberty Broadband Corporation (NASDAQ:LBRDA) by 28.0% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,962 shares of the company’s stock after purchasing an additional 1,961 shares during the period. Comerica Bank’s holdings in Liberty Broadband were worth $762,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. American National Bank & Trust purchased a new stake in shares of Liberty Broadband in the 1st quarter valued at $32,000. Farther Finance Advisors LLC boosted its stake in shares of Liberty Broadband by 54.2% in the 1st quarter. Farther Finance Advisors LLC now owns 566 shares of the company’s stock valued at $48,000 after purchasing an additional 199 shares in the last quarter. Lazard Asset Management LLC boosted its stake in shares of Liberty Broadband by 8,480.0% in the 4th quarter. Lazard Asset Management LLC now owns 2,145 shares of the company’s stock valued at $159,000 after purchasing an additional 2,120 shares in the last quarter. CWM LLC boosted its position in Liberty Broadband by 38.4% during the 1st quarter. CWM LLC now owns 1,963 shares of the company’s stock valued at $167,000 after buying an additional 545 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new stake in Liberty Broadband during the 1st quarter valued at $219,000. Hedge funds and other institutional investors own 10.29% of the company’s stock.

Liberty Broadband Trading Up 0.8%

Shares of LBRDA opened at $59.74 on Friday. The stock has a market capitalization of $8.57 billion, a P/E ratio of 7.88 and a beta of 0.96. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The firm has a fifty day simple moving average of $73.54 and a two-hundred day simple moving average of $82.02. Liberty Broadband Corporation has a twelve month low of $57.34 and a twelve month high of $102.38.

Liberty Broadband (NASDAQ:LBRDA) last announced its quarterly earnings results on Thursday, August 7th. The company reported $2.68 earnings per share for the quarter, beating the consensus estimate of $1.37 by $1.31. The business had revenue of $261.00 million during the quarter, compared to analysts’ expectations of $251.70 million. Liberty Broadband had a net margin of 103.04% and a return on equity of 10.89%.

Liberty Broadband Announces Dividend

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

About Liberty Broadband

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.