Strs Ohio Invests $1.74 Million in Liberty Broadband Corporation $LBRDA

Key Points

• Strs Ohio has invested approximately $1.74 million in Liberty Broadband Corporation, purchasing 20,485 shares in the first quarter.
• The company recently reported $2.68 earnings per share, exceeding analyst estimates by $1.31, with a revenue of $261 million for the quarter.
• Liberty Broadband declared a quarterly dividend of $0.4375 per share, which translates to an annual yield of 2.9%.

Strs Ohio bought a new stake in Liberty Broadband Corporation (NASDAQ:LBRDA - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 20,485 shares of the company's stock, valued at approximately $1,741,000.

Several other hedge funds have also recently bought and sold shares of LBRDA. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Liberty Broadband by 4.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 40,796 shares of the company's stock worth $3,468,000 after buying an additional 1,731 shares during the last quarter. Empowered Funds LLC bought a new stake in Liberty Broadband during the first quarter valued at about $304,000. Goldman Sachs Group Inc. increased its holdings in shares of Liberty Broadband by 1.2% in the first quarter. Goldman Sachs Group Inc. now owns 25,897 shares of the company's stock valued at $2,201,000 after purchasing an additional 319 shares during the period. Pentwater Capital Management LP lifted its position in shares of Liberty Broadband by 19.7% in the first quarter. Pentwater Capital Management LP now owns 122,100 shares of the company's stock valued at $10,378,000 after acquiring an additional 20,100 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Liberty Broadband by 35.0% in the first quarter. AQR Capital Management LLC now owns 16,572 shares of the company's stock valued at $1,409,000 after buying an additional 4,298 shares in the last quarter. 10.29% of the stock is owned by institutional investors.

Liberty Broadband Price Performance

Shares of LBRDA remained flat at $60.06 on Friday. The company had a trading volume of 241,509 shares, compared to its average volume of 86,923. Liberty Broadband Corporation has a 1-year low of $57.35 and a 1-year high of $102.38. The stock has a market cap of $8.62 billion, a price-to-earnings ratio of 7.92 and a beta of 0.96. The company's fifty day moving average is $65.93 and its 200-day moving average is $80.57. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $2.68 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 company had revenue of $261.00 million during the quarter, compared to the consensus estimate of $251.70 million.

Liberty Broadband Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Shareholders of record on Tuesday, September 30th were issued a $0.4375 dividend. This represents a $1.75 annualized dividend and a 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.