Rhumbline Advisers Raises Holdings in Liberty Broadband Corporation $LBRDA

Rhumbline Advisers grew its position in shares of Liberty Broadband Corporation (NASDAQ:LBRDA) by 1.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 21,081 shares of the company’s stock after purchasing an additional 290 shares during the quarter. Rhumbline Advisers’ holdings in Liberty Broadband were worth $1,792,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in LBRDA. Westchester Capital Management LLC purchased a new position in shares of Liberty Broadband during the first quarter worth about $19,622,000. Toronto Dominion Bank purchased a new position in shares of Liberty Broadband during the fourth quarter worth about $10,190,000. Citigroup Inc. grew its holdings in shares of Liberty Broadband by 80.8% during the first quarter. Citigroup Inc. now owns 142,427 shares of the company’s stock worth $12,106,000 after purchasing an additional 63,656 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Liberty Broadband by 4.1% during the first quarter. Vanguard Group Inc. now owns 1,523,068 shares of the company’s stock worth $129,461,000 after purchasing an additional 60,274 shares during the last quarter. Finally, Long Focus Capital Management LLC grew its holdings in shares of Liberty Broadband by 16.5% during the first quarter. Long Focus Capital Management LLC now owns 375,000 shares of the company’s stock worth $31,875,000 after purchasing an additional 53,200 shares during the last quarter. Hedge funds and other institutional investors own 10.29% of the company’s stock.

Liberty Broadband Stock Performance

Shares of LBRDA stock opened at $60.06 on Friday. Liberty Broadband Corporation has a 1 year low of $57.35 and a 1 year high of $102.38. The firm has a market cap of $8.62 billion, a price-to-earnings ratio of 7.92 and a beta of 0.96. The stock’s 50-day moving average is $66.63 and its two-hundred day moving average is $80.73. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60.

Liberty Broadband (NASDAQ:LBRDA) last announced 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. Liberty Broadband had a net margin of 103.04% and a return on equity of 10.89%. The business had revenue of $261.00 million during the quarter, compared to the consensus estimate of $251.70 million.

Liberty Broadband Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a dividend yield of 2.9%.

Liberty Broadband Company 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.