Liberty Broadband Corporation (LBRDK) Bounced Back in Q3
Madison Investments, an investment advisor, released its “Madison Mid Cap Fund” third-quarter 2023 investor letter. A copy of the same can be downloaded here. In the third quarter, the fund (Class Y) returned -1.8% compared to a -4.7% decline for the Russell Midcap Index. In addition, please check the fund’s top five holdings to know its best picks in 2023.
Madison Mid Cap Fund highlighted stocks like Liberty Broadband Corporation (NASDAQ:LBRDK) in the third quarter 2023 investor letter. Headquartered in Englewood, Colorado, Liberty Broadband Corporation (NASDAQ:LBRDK) provides communications services. On October 17, 2023, Liberty Broadband Corporation (NASDAQ:LBRDK) stock closed at $94.32 per share. One-month return of Liberty Broadband Corporation (NASDAQ:LBRDK) was 1.32%, and its shares gained 25.58% of their value over the last 52 weeks. Liberty Broadband Corporation (NASDAQ:LBRDK) has a market capitalization of $13.781 billion.
Madison Mid Cap Fund made the following comment about Liberty Broadband Corporation (NASDAQ:LBRDK) in its Q3 2023 investor letter:
"In the third quarter, the top five contributors were Arch Capital Group, Arista Networks, Liberty Broadband Corporation (NASDAQ:LBRDK), CDW, and Progressive. Liberty Broadband, a holding company with a large investment in cable operator Charter Communications, saw a bounce back this quarter as Charter’s subscriber metrics have improved."
A team of telecom engineers discussing a communication infrastructure diagram. Editorial photo for a financial news article. 8k. --ar 16:9
Liberty Broadband Corporation (NASDAQ:LBRDK) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 56 hedge fund portfolios held Liberty Broadband Corporation (NASDAQ:LBRDK) at the end of second quarter which was 53 in the previous quarter.
We discussed Liberty Broadband Corporation (NASDAQ:LBRDK) in another article and shared Weitz Partners III Opportunity Fund's views on the company. In addition, please check out our hedge fund investor letters Q3 2023 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
