Top 5 Stock Picks of Thomas Bancroft’s Makaira Partners

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1. Liberty Broadband Corporation (NASDAQ:LBRDA)

Bancroft’s Stake Value: $159,690,000

Percentage of Thomas Bancroft’s 13F Portfolio: 31.67%

Number of Hedge Fund Holders: 28

Liberty Broadband Corporation (NASDAQ: LBRDA) is a cable operator and provides video, Internet, and voice services to residential, and small and medium business customers in the United States. Liberty Broadband Corporation (NASDAQ: LBRDA) operates through Skyhook and Charter segments. The company also provides internet services, including an in-home Wi-Fi product that provides customers with high-performance wireless routers, and a security suite that offers protection against computer viruses and spyware. Liberty Broadband Corporation (NASDAQ: LBRDA) is based in Englewood, Colorado.

This August, Pivotal Research analyst Jeffrey Wlodarczak raised the firm’s price target on Liberty Broadband Corporation (NASDAQ: LBRDA) from $226 to $267 and kept a Buy rating on the shares.

According to the latest filings, Makaira Partners owned over 919,000 shares in the firm at the end of June 2021 worth more than $159.6 million, representing 31.67% of the portfolio.

As of the fiscal second quarter of 2021, Liberty Broadband Corporation (NASDAQ: LBRDA) reported an EPS of $0.30, missing estimates by -$1.33. Total revenue grew 5,789.26% year over year to $242.28 million missing estimates by -$8.32 million. The share price of Liberty Broadband Corporation (NASDAQ: LBRDA) has gained 16.07% over the past 6 months and 10.92% year to date.

By the end of the second quarter of 2021, 28 hedge funds out of the 873 tracked by Insider Monkey held stakes in Liberty Broadband Corporation (NASDAQ: LBRDA) worth about $904.8 million. This is compared to 23 hedge funds in the previous quarter with a total stake value of approximately $774.8 million.

Alphyn Capital Management, an investment management firm, published its first-quarter 2021 investor letter in which the fund mentioned Liberty Broadband Corporation (NASDAQ: LBRDA). Here’s what they said:

“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.”

See also Aquamarine Capital’s Top 10 Stock Picks and Barry Rosenstein and Jana Partners’ Top Stock Picks.

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