AMI Investment Management Inc. Raises Stock Position in Liberty Broadband Co. (NASDAQ:LBRDA)

AMI Investment Management Inc. lifted its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDA) by 1.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 33,738 shares of the company’s stock after acquiring an additional 584 shares during the quarter. AMI Investment Management Inc.’s holdings in Liberty Broadband were worth $2,721,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. FMR LLC lifted its stake in shares of Liberty Broadband by 28.8% during the third quarter. FMR LLC now owns 2,173,718 shares of the company’s stock worth $197,613,000 after buying an additional 486,458 shares during the period. Vanguard Group Inc. lifted its stake in shares of Liberty Broadband by 2.0% during the first quarter. Vanguard Group Inc. now owns 1,787,937 shares of the company’s stock worth $234,327,000 after buying an additional 34,748 shares during the period. Aristeia Capital LLC lifted its stake in shares of Liberty Broadband by 7.1% during the third quarter. Aristeia Capital LLC now owns 1,467,991 shares of the company’s stock worth $133,455,000 after buying an additional 97,010 shares during the period. BlackRock Inc. lifted its position in Liberty Broadband by 4.0% during the first quarter. BlackRock Inc. now owns 1,142,828 shares of the company’s stock valued at $149,778,000 after purchasing an additional 43,893 shares during the period. Finally, Seizert Capital Partners LLC lifted its position in Liberty Broadband by 2.0% during the third quarter. Seizert Capital Partners LLC now owns 401,132 shares of the company’s stock valued at $36,467,000 after purchasing an additional 7,824 shares during the period. 10.29% of the stock is owned by hedge funds and other institutional investors.

Liberty Broadband Trading Up 0.6 %

NASDAQ LBRDA opened at $57.12 on Friday. The company has a market capitalization of $8.16 billion, a PE ratio of 12.23, a P/E/G ratio of 0.12 and a beta of 0.99. The company has a fifty day moving average of $63.47 and a 200 day moving average of $76.92. Liberty Broadband Co. has a 1 year low of $55.19 and a 1 year high of $95.61. The company has a debt-to-equity ratio of 0.42, a current ratio of 2.42 and a quick ratio of 2.42.

Liberty Broadband (NASDAQ:LBRDA) last announced its quarterly earnings results on Friday, February 16th. The company reported $1.39 earnings per share for the quarter. Liberty Broadband had a return on equity of 7.76% and a net margin of 70.13%. The firm had revenue of $250.00 million during the quarter, compared to analyst estimates of $250.00 million. Research analysts forecast that Liberty Broadband Co. will post 12.03 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director J David Wargo sold 11,000 shares of the business’s stock in a transaction dated Tuesday, March 5th. The shares were sold at an average price of $57.33, for a total value of $630,630.00. Following the sale, the director now directly owns 106,332 shares in the company, valued at approximately $6,096,013.56. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 19.65% of the stock is currently owned by corporate insiders.

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.