Liberty Broadband Corporation $LBRDA Shares Bought by Inspire Investing LLC

Inspire Investing LLC grew its stake in Liberty Broadband Corporation (NASDAQ:LBRDA) by 5.1% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,660 shares of the company’s stock after buying an additional 179 shares during the quarter. Inspire Investing LLC’s holdings in Liberty Broadband were worth $311,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. American Century Companies Inc. increased its holdings in Liberty Broadband by 4.4% in the first quarter. American Century Companies Inc. now owns 3,188 shares of the company’s stock valued at $271,000 after buying an additional 135 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Liberty Broadband by 54.2% in the 1st quarter. Farther Finance Advisors LLC now owns 566 shares of the company’s stock worth $48,000 after buying an additional 199 shares in the last quarter. S&CO Inc. raised its stake in Liberty Broadband by 0.3% during the first quarter. S&CO Inc. now owns 81,205 shares of the company’s stock worth $6,902,000 after acquiring an additional 226 shares during the period. Deutsche Bank AG boosted its holdings in shares of Liberty Broadband by 7.1% in the first quarter. Deutsche Bank AG now owns 3,598 shares of the company’s stock valued at $306,000 after acquiring an additional 238 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in Liberty Broadband by 0.5% during the first quarter. Bank of New York Mellon Corp now owns 51,500 shares of the company’s stock worth $4,377,000 after buying an additional 251 shares in the last quarter. 10.29% of the stock is currently owned by institutional investors and hedge funds.

Liberty Broadband Stock Down 2.1%

Liberty Broadband stock opened at $60.06 on Friday. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The company has a market capitalization of $8.62 billion, a P/E ratio of 7.92 and a beta of 0.96. The firm’s fifty day simple moving average is $66.63 and its 200-day simple moving average is $80.73. Liberty Broadband Corporation has a 1-year low of $57.35 and a 1-year high of $102.38.

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

Liberty Broadband Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Tuesday, September 30th were issued a $0.4375 dividend. 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.