Moran Wealth Management LLC Has $3.29 Million Stake in Liberty Broadband Corporation $LBRDA

Moran Wealth Management LLC reduced its position in Liberty Broadband Corporation (NASDAQ:LBRDA) by 8.2% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,673 shares of the company’s stock after selling 3,011 shares during the quarter. Moran Wealth Management LLC’s holdings in Liberty Broadband were worth $3,294,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Credit Industriel ET Commercial boosted its position in shares of Liberty Broadband by 20.7% during the 2nd quarter. Credit Industriel ET Commercial now owns 66,372 shares of the company’s stock worth $6,082,000 after acquiring an additional 11,387 shares in the last quarter. Callan Family Office LLC bought a new stake in Liberty Broadband during the second quarter worth $270,000. GAMMA Investing LLC boosted its holdings in shares of 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. Wealth Enhancement Advisory Services LLC boosted its holdings in shares of Liberty Broadband by 13.1% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 3,897 shares of the company’s stock valued at $389,000 after purchasing an additional 451 shares in the last quarter. Finally, Parallel Advisors LLC increased its stake in shares of 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 last quarter. Institutional investors own 10.29% of the company’s stock.

Liberty Broadband Stock Down 0.6%

Shares of NASDAQ:LBRDA opened at $60.81 on Thursday. Liberty Broadband Corporation has a 52-week low of $57.35 and a 52-week high of $102.38. The company has a market capitalization of $8.73 billion, a PE ratio of 8.02 and a beta of 1.00. 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 company has a fifty day moving average of $60.96 and a 200-day moving average of $77.87.

Liberty Broadband (NASDAQ:LBRDA) last released its quarterly earnings data on Thursday, August 7th. The company reported $2.68 earnings per share for the quarter, beating the consensus estimate 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 company also recently declared a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders 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 2.9%.

Analyst Ratings Changes

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

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.