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

AMI Investment Management Inc. increased its holdings in shares of Liberty Broadband Co. (NASDAQ:LBRDAFree Report) by 7.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 36,410 shares of the company’s stock after acquiring an additional 2,672 shares during the quarter. AMI Investment Management Inc.’s holdings in Liberty Broadband were worth $2,080,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Citigroup Inc. raised its stake in Liberty Broadband by 14.2% during the third quarter. Citigroup Inc. now owns 1,348 shares of the company’s stock worth $123,000 after purchasing an additional 168 shares during the period. Raymond James & Associates raised its position in Liberty Broadband by 4.7% in the fourth quarter. Raymond James & Associates now owns 6,739 shares of the company’s stock valued at $543,000 after purchasing an additional 301 shares during the period. Rehmann Capital Advisory Group lifted its stake in shares of Liberty Broadband by 14.2% in the 3rd quarter. Rehmann Capital Advisory Group now owns 3,687 shares of the company’s stock valued at $335,000 after purchasing an additional 458 shares during the last quarter. VisionPoint Advisory Group LLC grew its holdings in shares of Liberty Broadband by 1.6% during the 4th quarter. VisionPoint Advisory Group LLC now owns 30,196 shares of the company’s stock worth $2,435,000 after purchasing an additional 478 shares during the period. Finally, Principal Securities Inc. purchased a new stake in Liberty Broadband in the 4th quarter valued at about $51,000. Institutional investors and hedge funds own 10.29% of the company’s stock.

Insider Buying and Selling at Liberty Broadband

In other Liberty Broadband news, Director J David Wargo sold 10,000 shares of Liberty Broadband stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $51.43, for a total transaction of $514,300.00. Following the completion of the sale, the director now directly owns 87,332 shares of the company’s stock, valued at approximately $4,491,484.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 14.19% of the company’s stock.

Liberty Broadband Trading Up 2.5 %

Shares of LBRDA stock traded up $1.34 on Friday, hitting $54.60. The stock had a trading volume of 306,195 shares, compared to its average volume of 187,724. The company’s 50 day moving average price is $51.99 and its 200-day moving average price is $60.60. Liberty Broadband Co. has a 1 year low of $47.17 and a 1 year high of $95.61. The firm has a market capitalization of $7.80 billion, a P/E ratio of 9.27, a P/E/G ratio of 0.11 and a beta of 1.03. The company has a debt-to-equity ratio of 0.41, a current ratio of 1.81 and a quick ratio of 1.81.

Liberty Broadband (NASDAQ:LBRDAGet Free Report) last released its earnings results on Wednesday, May 8th. The company reported $1.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.80 by ($1.11). Liberty Broadband had a return on equity of 9.55% and a net margin of 87.75%. The business had revenue of $245.00 million for the quarter, compared to analyst estimates of $248.46 million. Analysts anticipate that Liberty Broadband Co. will post 12.03 earnings per share for the current year.

About Liberty Broadband

(Free Report)

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.

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Institutional Ownership by Quarter for Liberty Broadband (NASDAQ:LBRDA)

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