Pentwater Capital Management LP Raises Stock Position in Liberty Broadband Co. (NASDAQ:LBRDK)

Pentwater Capital Management LP grew its position in Liberty Broadband Co. (NASDAQ:LBRDK) by 454.0% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,108,000 shares of the company’s stock after acquiring an additional 908,000 shares during the quarter. Liberty Broadband accounts for 0.9% of Pentwater Capital Management LP’s portfolio, making the stock its 11th biggest holding. Pentwater Capital Management LP owned approximately 0.78% of Liberty Broadband worth $82,834,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in LBRDK. Barclays PLC boosted its holdings in Liberty Broadband by 6.4% in the third quarter. Barclays PLC now owns 6,899,331 shares of the company’s stock worth $533,251,000 after acquiring an additional 415,496 shares in the last quarter. ABC Arbitrage SA acquired a new position in Liberty Broadband during the fourth quarter worth $563,000. Canada Pension Plan Investment Board raised its position in Liberty Broadband by 331.4% during the fourth quarter. Canada Pension Plan Investment Board now owns 228,200 shares of the company’s stock worth $17,060,000 after acquiring an additional 175,300 shares during the period. Wolverine Asset Management LLC raised its position in shares of Liberty Broadband by 458.8% in the fourth quarter. Wolverine Asset Management LLC now owns 9,499 shares of the company’s stock valued at $710,000 after buying an additional 7,799 shares during the last quarter. Finally, Everence Capital Management Inc. acquired a new stake in shares of Liberty Broadband in the fourth quarter valued at about $229,000. Institutional investors own 80.22% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com started coverage on shares of Liberty Broadband in a report on Tuesday, April 22nd. They issued a “sell” rating for the company.

Liberty Broadband Stock Performance

Shares of LBRDK stock opened at $86.93 on Tuesday. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.40. The firm has a fifty day moving average price of $81.55 and a 200 day moving average price of $81.56. The company has a market cap of $12.46 billion, a P/E ratio of 16.01 and a beta of 1.03. Liberty Broadband Co. has a 12 month low of $48.89 and a 12 month high of $101.50.

Liberty Broadband (NASDAQ:LBRDK) last announced its earnings results on Thursday, February 27th. The company reported $2.04 EPS for the quarter, missing analysts’ consensus estimates of $3.67 by ($1.63). The business had revenue of $253.00 million during the quarter, compared to analysts’ expectations of $252.50 million. Liberty Broadband had a net margin of 78.07% and a return on equity of 8.45%. Sell-side analysts predict that Liberty Broadband Co. will post 7.71 earnings per share for the current fiscal year.

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.