Liberty Broadband Corporation (NASDAQ:LBRDA) Announces $0.44 Quarterly Dividend

Key Points

• Liberty Broadband Corporation announced a quarterly dividend of $0.44 per share, with a yield of 2.9%, payable to investors of record by September 30th.
• The company reported better-than-expected quarterly earnings with an EPS of $2.68, exceeding estimates by $1.31, alongside a revenue of $261 million.
• Institutional investors have shown increased interest in Liberty Broadband, with notable stakes being raised by firms such as Franklin Resources Inc. and Farther Finance Advisors LLC.

Liberty Broadband Corporation (NASDAQ:LBRDA - Get Free Report) announced a quarterly dividend on Friday, August 22nd, RTT News reports. Investors of record on Tuesday, September 30th will be given a dividend of 0.4375 per share on Wednesday, September 10th. This represents a c) annualized dividend and a yield of 2.9%.

Liberty Broadband Stock Up 0.6%

Liberty Broadband stock opened at $61.33 on Friday. Liberty Broadband has a fifty-two week low of $57.34 and a fifty-two week high of $102.38. 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 firm has a 50 day moving average price of $80.31 and a 200 day moving average price of $83.34. The company has a market capitalization of $8.80 billion, a PE ratio of 8.09 and a beta of 0.95.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $2.68 EPS for the quarter, topping the consensus estimate of $1.37 by $1.31. The business 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%.

Hedge Funds Weigh In On Liberty Broadband

Several institutional investors have recently modified their holdings of LBRDA. American National Bank & Trust acquired a new position in shares of Liberty Broadband during the first quarter worth $32,000. Farther Finance Advisors LLC lifted its position in Liberty Broadband by 54.2% in the first quarter. Farther Finance Advisors LLC now owns 566 shares of the company's stock valued at $48,000 after acquiring an additional 199 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Liberty Broadband by 66.2% in the second quarter. Franklin Resources Inc. now owns 615 shares of the company's stock valued at $60,000 after buying an additional 245 shares during the last quarter. Sterling Capital Management LLC raised its holdings in shares of Liberty Broadband by 48.2% in the fourth quarter. Sterling Capital Management LLC now owns 815 shares of the company's stock valued at $61,000 after buying an additional 265 shares during the last quarter. Finally, GAMMA Investing LLC raised its holdings in shares of Liberty Broadband by 21.2% in the second quarter. GAMMA Investing LLC now owns 698 shares of the company's stock valued at $68,000 after buying an additional 122 shares during the last quarter. Institutional investors and hedge funds own 10.29% of the company's stock.

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.

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