Aristeia Capital L.L.C. Has $141.61 Million Stake in Liberty Broadband Corporation $LBRDA

Key Points

• Aristeia Capital L.L.C. reduced its stake in Liberty Broadband Corporation to 1,666,029 shares, amounting to approximately $141.61 million or 3.6% of its investment portfolio.
• Liberty Broadband reported a net margin of 103.04% and an earnings per share (EPS) of $2.68, which exceeded estimates significantly.
• The company declared a quarterly dividend of $0.4375 per share, which corresponds to a 2.9% dividend yield.

Aristeia Capital L.L.C. cut its stake in Liberty Broadband Corporation (NASDAQ:LBRDA - Free Report) by 0.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,666,029 shares of the company's stock after selling 9,416 shares during the quarter. Liberty Broadband comprises about 3.6% of Aristeia Capital L.L.C.'s holdings, making the stock its 3rd biggest holding. Aristeia Capital L.L.C. owned about 1.16% of Liberty Broadband worth $141,612,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Sequoia Financial Advisors LLC bought a new position in Liberty Broadband in the 1st quarter worth $219,000. Rhumbline Advisers raised its holdings in Liberty Broadband by 1.4% in the 1st quarter. Rhumbline Advisers now owns 21,081 shares of the company's stock worth $1,792,000 after purchasing an additional 290 shares in the last quarter. Teacher Retirement System of Texas bought a new position in Liberty Broadband in the 1st quarter worth $376,000. Millennium Management LLC raised its holdings in Liberty Broadband by 142.9% in the 4th quarter. Millennium Management LLC now owns 56,387 shares of the company's stock worth $4,193,000 after purchasing an additional 33,174 shares in the last quarter. Finally, Moran Wealth Management LLC raised its holdings in Liberty Broadband by 11.5% in the 1st quarter. Moran Wealth Management LLC now owns 36,684 shares of the company's stock worth $3,118,000 after purchasing an additional 3,776 shares in the last quarter. 10.29% of the stock is currently owned by institutional investors.

Liberty Broadband Trading Down 0.4%

NASDAQ LBRDA traded down $0.23 during trading on Friday, hitting $60.25. The company had a trading volume of 99,596 shares, compared to its average volume of 109,126. 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 Corporation has a one year low of $57.35 and a one year high of $102.38. The company has a market cap of $8.65 billion, a price-to-earnings ratio of 7.95 and a beta of 0.96. The company's fifty day moving average is $69.63 and its 200-day moving average is $81.31.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $2.68 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $1.31. The company had revenue of $261.00 million during 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 Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, September 30th were paid a dividend of $0.4375 per share. 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.