Strs Ohio Lowers Position in Liberty Broadband Corporation $LBRDA

Strs Ohio decreased its position in Liberty Broadband Corporation (NASDAQ:LBRDA) by 11.5% during the 2nd quarter, Holdings Channel reports. The fund owned 18,136 shares of the company’s stock after selling 2,349 shares during the quarter. Strs Ohio’s holdings in Liberty Broadband were worth $1,774,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in 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 in the last quarter. Central Pacific Bank Trust Division boosted its stake in shares of Liberty Broadband by 30.8% in the second quarter. Central Pacific Bank Trust Division now owns 1,700 shares of the company’s stock valued at $166,000 after buying an additional 400 shares in the last quarter. CWM LLC boosted its stake in shares of Liberty Broadband by 38.4% in the first 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. Parallel Advisors LLC boosted its stake in shares of Liberty Broadband by 10.8% in the second quarter. Parallel Advisors LLC now owns 1,798 shares of the company’s stock valued at $176,000 after buying an additional 175 shares in the last quarter. Finally, Ieq Capital LLC purchased a new stake in shares of Liberty Broadband during the 1st quarter worth $208,000. Hedge funds and other institutional investors own 10.29% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Liberty Broadband in a research report on Tuesday, October 14th. One investment analyst has rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Liberty Broadband presently has an average rating of “Hold” and an average target price of $100.67.

Liberty Broadband Price Performance

Shares of NASDAQ:LBRDA opened at $50.75 on Wednesday. The business’s 50 day simple moving average is $59.56 and its 200-day simple moving average is $75.64. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The firm has a market capitalization of $7.28 billion, a price-to-earnings ratio of 6.70 and a beta of 1.01. Liberty Broadband Corporation has a 12 month low of $49.53 and a 12 month high of $102.38.

Liberty Broadband (NASDAQ:LBRDA) last posted its earnings results on Thursday, August 7th. The company reported $2.68 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $1.31. The company had revenue of $261.00 million for the quarter, compared to the consensus estimate of $251.70 million. Liberty Broadband had a return on equity of 10.89% and a net margin of 103.04%.

Liberty Broadband Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, September 10th. Investors of record on Tuesday, September 30th were given a $0.4375 dividend. This represents a $1.75 annualized dividend and a dividend yield of 3.4%.

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.