AM Squared Ltd Purchases 2,900 Shares of Liberty Broadband Co. (NASDAQ:LBRDA)

AM Squared Ltd grew its position in Liberty Broadband Co. (NASDAQ:LBRDA) by 19.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 17,700 shares of the company’s stock after purchasing an additional 2,900 shares during the quarter. Liberty Broadband makes up approximately 1.1% of AM Squared Ltd’s portfolio, making the stock its 14th largest holding. AM Squared Ltd’s holdings in Liberty Broadband were worth $1,454,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of LBRDA. Fort Baker Capital Management LP bought a new position in Liberty Broadband during the fourth quarter worth $26,815,000. Norges Bank bought a new position in Liberty Broadband during the fourth quarter worth $17,150,000. Gavilan Investment Partners LLC bought a new position in Liberty Broadband during the fourth quarter worth $7,059,000. Sycale Advisors NY LLC increased its position in Liberty Broadband by 442.3% during the first quarter. Sycale Advisors NY LLC now owns 92,755 shares of the company’s stock worth $7,617,000 after acquiring an additional 75,652 shares during the period. Finally, Royal London Asset Management Ltd. increased its position in Liberty Broadband by 588.6% during the first quarter. Royal London Asset Management Ltd. now owns 66,514 shares of the company’s stock worth $8,957,000 after acquiring an additional 56,854 shares during the period. Institutional investors own 10.14% of the company’s stock.

Liberty Broadband Stock Performance

Liberty Broadband stock opened at $91.93 on Wednesday. The stock has a 50-day simple moving average of $88.68 and a 200 day simple moving average of $81.94. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.43. Liberty Broadband Co. has a 12-month low of $68.15 and a 12-month high of $97.23. The stock has a market capitalization of $13.44 billion, a price-to-earnings ratio of 16.74 and a beta of 1.16.

Liberty Broadband (NASDAQ:LBRDA) last announced its quarterly earnings data on Friday, August 4th. The company reported $1.71 earnings per share for the quarter. The firm had revenue of $245.00 million during the quarter, compared to analysts’ expectations of $240.38 million. Liberty Broadband had a return on equity of 9.44% and a net margin of 82.31%.

Insider Activity

In other news, CEO Gregory B. Maffei sold 1,135 shares of the company’s stock in a transaction dated Wednesday, August 16th. The stock was sold at an average price of $92.02, for a total value of $104,442.70. Following the completion of the sale, the chief executive officer now directly owns 1,119,131 shares of the company’s stock, valued at approximately $102,982,434.62. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 19.65% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Deutsche Bank Aktiengesellschaft decreased their price target on shares of Liberty Broadband from $120.00 to $110.00 in a research note on Thursday, May 25th.

About Liberty Broadband

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.