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Is it a Good Choice to Invest in Liberty Broadband Corp. (LBRDA)?

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·2 min read
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Weitz Investment Management, an investment management firm, published its “Value Fund” fourth quarter 2021 investor letter – a copy of which can be downloaded here. In its letter, the fund mentioned that it knows very little in economics, politics, and investor psychology is predictable. The fund believes, though, that business value is (roughly) measurable and that it (eventually) exerts a gravitational pull on a company’s stock price. According to Weitz Investment, when confidence is shaken and markets are volatile, active managers have the raw material they need to add value for investors. We’re looking forward to an interesting year. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.

Weitz Investment Management, in its Q4 2021 investor letter, mentioned Liberty Broadband Corporation (NASDAQ: LBRDA) and discussed its stance on the firm. Liberty Broadband Corporation is an Englewood, Colorado-based holding company with a $26.0 billion market capitalization. LBRDA delivered a -9.04% return since the beginning of the year, while its 12-month returns are up by 1.48%. The stock closed at $146.35 per share on January 31, 2022.

Here is what Weitz Investment Management, Inc. has to say about Liberty Broadband Corporation in its Q4 2021 investor letter:

"Finally, a couple of old favorites. Liberty Broadband owns 26% of Charter Communications, the second-largest U.S. cable company. Charter finished the year -20.6% from its recent high, and we believe it is a cheap stock in its own right. Liberty Broadband, whose primary asset is its Charter shares, offers Charter ownership at a discount. Another Liberty company, Liberty SiriusXM, owns over 80% of SiriusXM Satellite Radio. We believe that SiriusXM is undervalued and that the Liberty SiriusXM structure allows us to own the company at a discount. Both Charter Communications and SiriusXM are growing nicely, generating prodigious amounts of free cash flow and buying back lots of their own stock. John Malone controls both of these Liberty securities, and we believe he will find ways to close the discounts and extract maximum value for shareholders. Both Liberty securities were stock market duds in 2021, but we expect them to be contributors in 2022 regardless of what the general market does."


Our calculations show that Liberty Broadband Corporation (NASDAQ: LBRDA) failed to obtain a mark on our list of the 30 Most Popular Stocks Among Hedge Funds. LBRDA was in 24 hedge fund portfolios at the end of the third quarter of 2021, compared to 28 funds in the previous quarter. Liberty Broadband Corporation (NASDAQ: LBRDA) delivered a -9.42% return in the past 3 months.

In April 2021, we also shared another hedge fund’s views on LBRDA in another article. You can find other letters from hedge funds and prominent investors on our hedge fund investor letters 2021 Q4 page.

Disclosure: None. This article is originally published at Insider Monkey.