Long Focus Capital Management LLC Increases Stake in Liberty Broadband Corporation $LBRDA

Key Points

• Long Focus Capital Management LLC increased its stake in Liberty Broadband Corporation by 16.5%, acquiring an additional 53,200 shares for a total of 375,000 shares, which now represents about 1.1% of their holdings.
• Liberty Broadband recently reported earnings of $2.68 per share, exceeding the consensus estimate by $1.31, with revenue of $261 million for the quarter.
• The company declared a quarterly dividend of $0.4375 per share, equating to an annual yield of 2.9%, payable to shareholders on September 10th.

Long Focus Capital Management LLC grew its stake in Liberty Broadband Corporation (NASDAQ:LBRDA - Free Report) by 16.5% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 375,000 shares of the company's stock after purchasing an additional 53,200 shares during the period. Liberty Broadband comprises approximately 1.1% of Long Focus Capital Management LLC's investment portfolio, making the stock its 20th largest holding. Long Focus Capital Management LLC owned 0.26% of Liberty Broadband worth $31,875,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of LBRDA. American National Bank & Trust purchased a new stake in Liberty Broadband in the 1st quarter worth approximately $32,000. Farther Finance Advisors LLC lifted its position in shares of Liberty Broadband by 54.2% during the 1st quarter. Farther Finance Advisors LLC now owns 566 shares of the company's stock valued at $48,000 after buying an additional 199 shares in the last quarter. Lazard Asset Management LLC lifted its position in shares of Liberty Broadband by 8,480.0% during the 4th quarter. Lazard Asset Management LLC now owns 2,145 shares of the company's stock valued at $159,000 after buying an additional 2,120 shares in the last quarter. CWM LLC lifted its position in shares of Liberty Broadband by 38.4% during the 1st quarter. CWM LLC now owns 1,963 shares of the company's stock valued at $167,000 after buying an additional 545 shares in the last quarter. Finally, Ieq Capital LLC purchased a new position in shares of Liberty Broadband during the 1st quarter valued at approximately $208,000. Hedge funds and other institutional investors own 10.29% of the company's stock.

Liberty Broadband Price Performance

Shares of NASDAQ:LBRDA traded down $0.72 during midday trading on Thursday, reaching $58.99. 70,650 shares of the company's stock traded hands, compared to its average volume of 153,685. Liberty Broadband Corporation has a 1 year low of $57.34 and a 1 year high of $102.38. The company has a market cap of $8.46 billion, a P/E ratio of 7.78 and a beta of 0.96. 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 has a fifty day simple moving average of $74.92 and a two-hundred day simple moving average of $82.30.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $2.68 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.37 by $1.31. Liberty Broadband had a return on equity of 10.89% and a net margin of 103.04%.The firm had revenue of $261.00 million for the quarter, compared to analyst estimates of $251.70 million.

Liberty Broadband Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 10th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.4375 per share. This represents a $1.75 dividend on an annualized basis and a dividend yield of 3.0%.

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.