Liberty Broadband Corporation $LBRDA Stake Increased 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 raised its position in shares of Liberty Broadband Corporation (NASDAQ:LBRDA - Free Report) by 19.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 122,100 shares of the company's stock after acquiring an additional 20,100 shares during the period. Pentwater Capital Management LP owned approximately 0.09% of Liberty Broadband worth $10,378,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. American National Bank & Trust acquired a new position in shares of Liberty Broadband in the 1st quarter valued at about $32,000. Farther Finance Advisors LLC lifted its position in Liberty Broadband by 54.2% during the first quarter. Farther Finance Advisors LLC now owns 566 shares of the company's stock valued at $48,000 after buying an additional 199 shares in the last quarter. CWM LLC lifted its position in Liberty Broadband by 38.4% during 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. Lazard Asset Management LLC grew its stake in Liberty Broadband by 8,480.0% during the fourth quarter. Lazard Asset Management LLC now owns 2,145 shares of the company's stock worth $159,000 after buying an additional 2,120 shares during the period. Finally, Ieq Capital LLC acquired a new stake in shares of Liberty Broadband in the first quarter worth $208,000. 10.29% of the stock is currently owned by institutional investors and hedge funds.

Liberty Broadband Stock Up 0.8%

Shares of LBRDA traded up $0.48 during midday trading on Thursday, reaching $60.48. 56,115 shares of the company were exchanged, compared to its average volume of 152,602. Liberty Broadband Corporation has a 1-year low of $57.35 and a 1-year high of $102.38. The stock has a 50-day moving average price of $71.20 and a 200-day moving average price of $81.59. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The company has a market cap of $8.68 billion, a price-to-earnings ratio of 7.98 and a beta of 0.96.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $2.68 earnings per share for the quarter, topping analysts' consensus estimates of $1.37 by $1.31. The firm had revenue of $261.00 million during the quarter, compared to analysts' expectations 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 announced a quarterly dividend, which was paid on Wednesday, September 10th. Stockholders of record on Tuesday, September 30th were paid a dividend of $0.4375 per share. This represents a $1.75 annualized dividend and a dividend yield of 2.9%.

Liberty Broadband Company 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.