5 Stocks to Invest in According to Thomas Bancroft’s Makaira Partners

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1. Liberty Broadband Corporation (NASDAQ:LBRDA)

Makaira Partners’ Holdings: $158 million

Makaira Partners’ Portfolio: 33.56%

Number of Hedge Fund Holders: 24

Liberty Broadband Corporation (NASDAQ:LBRDA) provides internet and video streaming services in the United States. It also provides location tracking services to businesses alongside fiber connectivity to offices and cellphone towers.

Mr. Bancroft’s Makaira Partners owned 919,556 Liberty Broadband Corporation (NASDAQ:LBRDA) shares by the end of this year’s third quarter. These were worth $158 million and represented 33.56% of its portfolio. Out of the 867 hedge funds profiled by Insider Monkey by Q3 2021 end, 24 held stakes in the company.

Liberty Broadband Corporation (NASDAQ:LBRDA) brought in $250 million in revenue and $1.29 in GAAP EPS for its third quarter, beating analyst estimates for revenue only. Deutsche Bank raised its price target to $196 in October 2021 and kept a Buy rating for the shares.

Boykin Curry’s Eagle Capital Management is Liberty Broadband Corporation (NASDAQ:LBRDA)’s largest shareholder. It owns 8.8 million shares worth $1.5 billion.

Alphyn Capital Management, in its first quarter 2021 investor letter, mentioned Liberty Broadband Corporation (NASDAQ:LBRDA) and outlined that:

“Liberty Broadband completed its merger with GCI, thereby collapsing one layer of the double discount to Charter Communications, presenting a good opportunity to trim that position as well.”

You can also take a peek at Brian Higgins’ King Street Capital Portfolio: Top 10 Stock Picks and Top 10 Stock Picks of Tom Purcell’s Alua Capital Management.

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