Published on 18 Apr 2024 on Insider Monkey via Yahoo Finance
Liberty Broadband Corporation (LBRDA) Fell on Decline in Subscriber Growth
Madison Investments, an investment advisor, released its “Madison Investors Fund” first-quarter 2024 investor letter. A copy of the same can be downloaded here. In the first quarter, the fund (Class Y) returned 9.63% compared to a 10.56% return for the S&P 500 index. The business remains dedicated to its more than two-decades-old strategy of investing in long-term, competitively advantaged, expanding firms at acceptable valuations, even if market performance has been robust over the past year and valuations have generally returned to earlier highs. In addition, please check the fund’s top five holdings to know its best picks in 2024.
Madison Investors Fund featured stocks like Liberty Broadband Corporation (NASDAQ:LBRDA) in the first quarter 2024 investor letter. Headquartered in Englewood, Colorado, Liberty Broadband Corporation (NASDAQ:LBRDA) provides communications services. On April 17, 2024, Liberty Broadband Corporation (NASDAQ:LBRDA) stock closed at $48.49 per share. One-month return of Liberty Broadband Corporation (NASDAQ:LBRDA) was -14.51%, and its shares lost 36.65% of their value over the last 52 weeks. Liberty Broadband Corporation (NASDAQ:LBRDA) has a market capitalization of $6.901 billion.