AMI Investment Management Inc. Buys 584 Shares of Liberty Broadband Co. (NASDAQ:LBRDA)

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

A number of other institutional investors have also recently made changes to their positions in LBRDA. JPMorgan Chase & Co. lifted its holdings in shares of Liberty Broadband by 47.7% in the 1st quarter. JPMorgan Chase & Co. now owns 5,557 shares of the company’s stock valued at $729,000 after acquiring an additional 1,795 shares during the last quarter. US Bancorp DE increased its position in shares of Liberty Broadband by 48.9% during the first quarter. US Bancorp DE now owns 5,843 shares of the company’s stock worth $767,000 after acquiring an additional 1,920 shares during the period. Citigroup Inc. increased its position in shares of Liberty Broadband by 20.4% during the first quarter. Citigroup Inc. now owns 10,177 shares of the company’s stock worth $1,334,000 after acquiring an additional 1,723 shares during the period. Bank of Montreal Can increased its position in shares of Liberty Broadband by 62.6% during the first quarter. Bank of Montreal Can now owns 40,988 shares of the company’s stock worth $5,595,000 after acquiring an additional 15,782 shares during the period. Finally, MetLife Investment Management LLC purchased a new position in Liberty Broadband during the first quarter valued at approximately $61,000. Institutional investors own 10.29% of the company’s stock.

Liberty Broadband Stock Performance

Shares of LBRDA stock opened at $57.12 on Friday. The firm has a market cap of $8.16 billion, a price-to-earnings ratio of 12.23, a PEG ratio of 0.12 and a beta of 0.99. The company’s 50 day moving average is $63.47 and its 200 day moving average is $76.92. The company has a quick ratio of 2.42, a current ratio of 2.42 and a debt-to-equity ratio of 0.42. Liberty Broadband Co. has a 52-week low of $55.19 and a 52-week high of $95.61.

Liberty Broadband (NASDAQ:LBRDA) last announced its earnings results on Friday, February 16th. The company reported $1.39 earnings per share for the quarter. Liberty Broadband had a net margin of 70.13% and a return on equity of 7.76%. The company had revenue of $250.00 million during the quarter, compared to the consensus estimate of $250.00 million. On average, sell-side analysts anticipate that Liberty Broadband Co. will post 12.03 EPS for the current fiscal year.

Insider Activity at Liberty Broadband

In related news, Director J David Wargo sold 11,000 shares of Liberty Broadband stock in a transaction on 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 owns 106,332 shares of the company’s stock, valued at approximately $6,096,013.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 19.65% of the stock is currently owned by 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.