Strs Ohio Invests $1.74 Million in Liberty Broadband Corporation $LBRDA

Strs Ohio acquired a new position in shares of Liberty Broadband Corporation (NASDAQ:LBRDA) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 20,485 shares of the company’s stock, valued at approximately $1,741,000.

A number of other hedge funds and other institutional investors have also modified their holdings of LBRDA. Sequoia Financial Advisors LLC acquired a new stake in Liberty Broadband during the 1st quarter worth $219,000. Rhumbline Advisers lifted its position in Liberty Broadband by 1.4% in 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 bought a new stake in Liberty Broadband in the 1st quarter valued at $376,000. Millennium Management LLC increased its stake in Liberty Broadband by 142.9% in the 4th quarter. Millennium Management LLC now owns 56,387 shares of the company’s stock valued at $4,193,000 after buying an additional 33,174 shares during the last quarter. Finally, Moran Wealth Management LLC increased its stake in Liberty Broadband by 11.5% in the 1st quarter. Moran Wealth Management LLC now owns 36,684 shares of the company’s stock valued at $3,118,000 after buying an additional 3,776 shares during the last quarter. Institutional investors and hedge funds own 10.29% of the company’s stock.

Liberty Broadband Stock Up 0.2%

Shares of LBRDA stock opened at $59.76 on Wednesday. The firm has a market capitalization of $8.57 billion, a P/E ratio of 7.88 and a beta of 0.96. The firm’s fifty day moving average price is $68.08 and its two-hundred day moving average price is $81.03. Liberty Broadband Corporation has a 1 year low of $57.35 and a 1 year high of $102.38. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26.

Liberty Broadband (NASDAQ:LBRDA) last released its quarterly earnings data 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 company had revenue of $261.00 million for the quarter, compared to analyst estimates of $251.70 million. Liberty Broadband had a net margin of 103.04% and a return on equity of 10.89%.

Liberty Broadband Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, September 30th were paid a $0.4375 dividend. This represents a $1.75 dividend on an annualized basis and a 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.