Cwm LLC Sells 264 Shares of Liberty Broadband Corporation $LBRDA

Cwm LLC reduced its stake in Liberty Broadband Corporation (NASDAQ:LBRDA) by 13.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,699 shares of the company’s stock after selling 264 shares during the period. Cwm LLC’s holdings in Liberty Broadband were worth $166,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sequoia Financial Advisors LLC bought a new position in Liberty Broadband in the first quarter worth approximately $219,000. Teacher Retirement System of Texas bought a new position in shares of Liberty Broadband during the 1st quarter worth $376,000. Comerica Bank grew its position in shares of Liberty Broadband by 28.0% during the 1st quarter. Comerica Bank now owns 8,962 shares of the company’s stock worth $762,000 after buying an additional 1,961 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Liberty Broadband by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 1,523,068 shares of the company’s stock worth $129,461,000 after buying an additional 60,274 shares in the last quarter. Finally, Nuveen LLC bought a new position in Liberty Broadband during the 1st quarter worth about $2,688,000. Institutional investors own 10.29% of the company’s stock.

Liberty Broadband Stock Down 2.9%

NASDAQ:LBRDA opened at $55.36 on Thursday. Liberty Broadband Corporation has a fifty-two week low of $54.82 and a fifty-two week high of $102.38. The stock has a market capitalization of $7.94 billion, a P/E ratio of 7.30 and a beta of 1.00. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The company’s 50-day simple moving average is $60.34 and its 200-day simple moving average is $76.35.

Liberty Broadband (NASDAQ:LBRDA) last announced its 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 company had revenue of $261.00 million during the quarter, compared to the consensus estimate 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 disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Tuesday, September 30th were given a $0.4375 dividend. This represents a $1.75 dividend on an annualized basis and a dividend yield of 3.2%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of Liberty Broadband in a report on Tuesday, October 14th. One research analyst has rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $100.67.

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.