Nuveen LLC Makes New $2.69 Million Investment in Liberty Broadband Corporation $LBRDA

Key Points

• Nuveen LLC has acquired a new stake in Liberty Broadband Corporation, purchasing 31,618 shares valued at approximately $2.7 million during the first quarter.
• Liberty Broadband recently declared a **quarterly dividend** of $0.4375, representing an annualized amount of $1.75 and a dividend yield of **2.9%**.
• The company's stock is currently down **2.0%**, with a market cap of **$8.65 billion** and a price-to-earnings ratio of **7.95**.

Nuveen LLC purchased a new position in shares of Liberty Broadband Corporation (NASDAQ:LBRDA - Free Report) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 31,618 shares of the company's stock, valued at approximately $2,688,000.

Other large investors have also recently made changes to their positions in the company. American National Bank & Trust purchased a new position in shares of Liberty Broadband during the 1st quarter worth about $32,000. Farther Finance Advisors LLC lifted its holdings in 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 holdings in 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 holdings in 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, Sequoia Financial Advisors LLC bought a new stake in Liberty Broadband during the 1st quarter valued at about $219,000. 10.29% of the stock is owned by hedge funds and other institutional investors.

Liberty Broadband Trading Down 1.0%

LBRDA traded down $0.61 on Tuesday, reaching $60.07. 20,886 shares of the company traded hands, compared to its average volume of 154,389. Liberty Broadband Corporation has a one year low of $57.34 and a one year high of $102.38. The firm has a fifty day simple moving average of $76.29 and a two-hundred day simple moving average of $82.61. The company has a market cap of $8.62 billion, a P/E ratio of 7.92 and a beta of 0.96. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last announced its quarterly 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. The firm had revenue of $261.00 million during the quarter, compared to analysts' expectations 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 10th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.4375 per share. 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.