Liberty Broadband Corporation $LBRDA Shares Purchased by Pentwater Capital Management LP

Key Points

• Pentwater Capital Management LP increased its stake in Liberty Broadband Corporation by 19.7%, owning approximately 122,100 shares valued at $10.38 million as of the end of the most recent quarter.
• Liberty Broadband reported a quarterly EPS of $2.68, significantly exceeding analysts' expectations of $1.37, with revenues of $261 million against expectations of $251.7 million.
• The company is set to pay a dividend of $0.4375 per share on September 10th, representing an annual yield of 2.9%.

Pentwater Capital Management LP increased its holdings in Liberty Broadband Corporation (NASDAQ:LBRDA - Free Report) by 19.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 122,100 shares of the company's stock after buying an additional 20,100 shares during the period. Pentwater Capital Management LP owned about 0.09% of Liberty Broadband worth $10,378,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the company. American Century Companies Inc. lifted its position 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 last quarter. Farther Finance Advisors LLC lifted its position 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 last quarter. S&CO Inc. lifted its position in Liberty Broadband by 0.3% in the 1st quarter. S&CO Inc. now owns 81,205 shares of the company's stock valued at $6,902,000 after purchasing an additional 226 shares during the last quarter. Stifel Financial Corp lifted its position in Liberty Broadband by 1.4% in the 4th quarter. Stifel Financial Corp now owns 16,307 shares of the company's stock valued at $1,213,000 after purchasing an additional 230 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in Liberty Broadband by 7.1% in the 1st quarter. Deutsche Bank AG now owns 3,598 shares of the company's stock valued at $306,000 after purchasing an additional 238 shares during the last quarter. 10.29% of the stock is currently owned by institutional investors.

Liberty Broadband Stock Performance

NASDAQ:LBRDA traded up $0.09 during mid-day trading on Tuesday, hitting $60.20. The stock had a trading volume of 71,134 shares, compared to its average volume of 121,217. The stock has a market capitalization of $8.64 billion, a price-to-earnings ratio of 7.94 and a beta of 0.96. The company has a 50 day simple moving average of $71.98 and a 200-day simple moving average of $81.74. Liberty Broadband Corporation has a 52 week low of $57.34 and a 52 week high of $102.38. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last issued 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 firm had revenue of $261.00 million for 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 will be paid on Wednesday, September 10th. Shareholders of record on Tuesday, September 30th will be paid a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a yield of 2.9%.

Liberty Broadband 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.