Liberty Broadband Corporation (NASDAQ:LBRDA - Get Free Report) shares passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $62.13 and traded as high as $65.40. Liberty Broadband shares last traded at $63.33, with a volume of 176,548 shares trading hands.
Liberty Broadband Trading Up 0.0%
The company has a market cap of $9.09 billion, a P/E ratio of 8.35 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 business's 50-day moving average price is $62.13 and its 200 day moving average price is $79.52.
Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last announced its 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%.
Liberty Broadband Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, September 30th were issued a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a dividend yield of 2.8%.
Institutional Trading of Liberty Broadband
Several hedge funds and other institutional investors have recently modified their holdings of LBRDA. GAMMA Investing LLC boosted its holdings in Liberty Broadband by 21.2% in the 2nd quarter. GAMMA Investing LLC now owns 698 shares of the company's stock valued at $68,000 after purchasing an additional 122 shares during the period. American Century Companies Inc. boosted its holdings in Liberty Broadband by 4.4% in the 1st quarter. American Century Companies Inc. now owns 3,188 shares of the company's stock valued at $271,000 after purchasing an additional 135 shares during the period. Parallel Advisors LLC boosted its holdings in Liberty Broadband by 10.8% in the 2nd quarter. Parallel Advisors LLC now owns 1,798 shares of the company's stock valued at $176,000 after purchasing an additional 175 shares during the period. Inspire Investing LLC boosted its holdings in Liberty Broadband by 5.1% in the 1st quarter. Inspire Investing LLC now owns 3,660 shares of the company's stock valued at $311,000 after purchasing an additional 179 shares during the period. Finally, Farther Finance Advisors LLC boosted its holdings in Liberty Broadband by 54.2% in the 1st quarter. Farther Finance Advisors LLC now owns 566 shares of the company's stock valued at $48,000 after purchasing an additional 199 shares during the period. Institutional investors own 10.29% of the company's stock.
About Liberty Broadband
(
Get Free Report)
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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