Pentwater Capital Management LP Takes Position in Liberty Broadband Co. (NASDAQ:LBRDA)

Pentwater Capital Management LP purchased a new stake in shares of Liberty Broadband Co. (NASDAQ:LBRDA - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 102,000 shares of the company's stock, valued at approximately $7,585,000. Pentwater Capital Management LP owned 0.07% of Liberty Broadband at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of LBRDA. Barclays PLC increased its holdings in Liberty Broadband by 244.6% in the 3rd quarter. Barclays PLC now owns 4,887 shares of the company's stock valued at $375,000 after purchasing an additional 3,469 shares in the last quarter. Virtu Financial LLC grew its stake in shares of Liberty Broadband by 53.8% in the third quarter. Virtu Financial LLC now owns 35,781 shares of the company's stock valued at $2,749,000 after buying an additional 12,519 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Liberty Broadband during the 3rd quarter worth approximately $1,815,000. Franklin Resources Inc. acquired a new stake in Liberty Broadband during the 3rd quarter valued at $30,000. Finally, JPMorgan Chase & Co. increased its stake in Liberty Broadband by 10.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,578 shares of the company's stock worth $1,120,000 after buying an additional 1,352 shares during the period. 10.29% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, Benchmark lowered their target price on Liberty Broadband from $130.00 to $115.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $86.20.

Liberty Broadband Stock Up 0.4 %

Shares of LBRDA stock traded up $0.36 during trading hours on Friday, hitting $88.05. 87,428 shares of the company were exchanged, compared to its average volume of 154,501. The business's 50-day simple moving average is $81.41 and its two-hundred day simple moving average is $81.10. Liberty Broadband Co. has a one year low of $49.68 and a one year high of $100.44. The stock has a market capitalization of $12.62 billion, a price-to-earnings ratio of 16.22 and a beta of 1.02. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.07 and a current ratio of 2.07.

Liberty Broadband (NASDAQ:LBRDA - Get Free Report) last announced its quarterly earnings data on Thursday, February 27th. The company reported $2.04 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.73 by $0.31. Liberty Broadband had a return on equity of 8.45% and a net margin of 78.07%. The firm had revenue of $263.00 million for the quarter, compared to analysts' expectations of $252.50 million.

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.