5 Most Undervalued Stocks To Buy Now

4. Liberty Broadband Corporation (NASDAQ:LBRDK)

Number of Q4 2023 Hedge Fund Shareholders: 53

Trailing P/E Ratio: 10.96

Average Analyst Share Price Upside: 86.12%

Liberty Broadband Corporation (NASDAQ:LBRDK) is an American communications products and services provider headquartered in Englewood, Colorado. Amidst a tough operating environment that has seen wireline providers suffer and fixed wireless providers gain share, the firm’s CEO stressed in March 2024 that this is a temporary trend due to limited capacity in the wireless arena.

For their December quarter of 2023 investments, 53 out of the 933 hedge funds profiled by Insider Monkey had bought a stake in the company. Liberty Broadband Corporation (NASDAQ:LBRDA)’s largest hedge fund shareholder is Robert Henry Lynch’s Aristeia Capital as it owns a $497 million stake.

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