Published on 9 Nov 2023 on Insider Monkey via Yahoo Finance

Should You Still Consider Investing in Liberty Broadband (LBRDK)?

Weitz Investment Management, an investment management firm, released its "Weitz Conservative Allocation Fund" third quarter 2023 investor letter, a copy of which can be downloaded here. During the third quarter, the Institutional Class of the Weitz Conservative Allocation Fund demonstrated a return of -0.87%, outperforming the Morningstar Moderately Conservative Target Risk Index, which experienced a larger decline at -3.03%. Looking at the year-to-date performance, the Fund's Institutional Class posted a positive return of +5.42%, surpassing the index's +2.33%. Take a moment to review the fund's top 5 holdings to gain insights into their primary investment choices for 2023.

In its Q3 2023 investor letter, Weitz Conservative Allocation Fund mentioned Liberty Broadband Corporation (NASDAQ:LBRDK) and explained its insights for the company. Liberty Broadband Corporation (NASDAQ:LBRDK) is an Englewood, Colorado-based media company with a $12.3 billion market capitalization. Liberty Broadband Corporation (NASDAQ:LBRDK) delivered a 10.14% return since the beginning of the year, while its 12-month returns are down by -2.23%. The stock closed at $84.00 per share on November 8, 2023.

Here is what Weitz Conservative Allocation Fund has to say about Liberty Broadband Corporation (NASDAQ:LBRDK) in its Q3 2023 investor letter: