AMI Investment Management Inc. Has $2.08 Million Stock Holdings in Liberty Broadband Co. (NASDAQ:LBRDA)

AMI Investment Management Inc. boosted its stake in shares of Liberty Broadband Co. (NASDAQ:LBRDA) by 7.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 36,410 shares of the company’s stock after buying an additional 2,672 shares during the period. AMI Investment Management Inc.’s holdings in Liberty Broadband were worth $2,080,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in LBRDA. Alaska Permanent Fund Corp increased its stake in shares of Liberty Broadband by 101.1% during the first quarter. Alaska Permanent Fund Corp now owns 11,233 shares of the company’s stock worth $642,000 after purchasing an additional 5,648 shares during the period. Vanguard Group Inc. increased its position in Liberty Broadband by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 1,570,076 shares of the company’s stock worth $126,611,000 after acquiring an additional 5,709 shares during the period. Mango Investments LLC bought a new stake in Liberty Broadband in the 4th quarter valued at about $3,181,000. Norges Bank acquired a new stake in shares of Liberty Broadband in the fourth quarter valued at approximately $17,239,000. Finally, VisionPoint Advisory Group LLC increased its stake in 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 acquiring an additional 478 shares during the period. 10.29% of the stock is currently owned by institutional investors and hedge funds.

Liberty Broadband Price Performance

Shares of NASDAQ LBRDA traded up $1.34 during mid-day trading on Friday, reaching $54.60. The company had a trading volume of 306,195 shares, compared to its average volume of 187,724. The firm has a market cap of $7.80 billion, a price-to-earnings ratio of 9.27, a PEG ratio of 0.11 and a beta of 1.03. The business’s 50-day simple moving average is $51.99 and its 200 day simple moving average is $60.60. Liberty Broadband Co. has a one year low of $47.17 and a one year high of $95.61. The company has a debt-to-equity ratio of 0.41, a quick ratio of 1.81 and a current ratio of 1.81.

Liberty Broadband (NASDAQ:LBRDA) last announced its quarterly earnings results on Wednesday, May 8th. The company reported $1.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.80 by ($1.11). The company had revenue of $245.00 million for the quarter, compared to the consensus estimate of $248.46 million. Liberty Broadband had a net margin of 87.75% and a return on equity of 9.55%. On average, research analysts predict that Liberty Broadband Co. will post 12.03 earnings per share for the current fiscal year.

Insider Activity

In other news, Director J David Wargo sold 15,000 shares of the business’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of $51.98, for a total value of $779,700.00. Following the transaction, the director now directly owns 72,332 shares of the company’s stock, valued at approximately $3,759,817.36. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 14.19% of the stock is currently owned by insiders.

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.