The Liberty Braves Group (NASDAQ:BATRK) Major Shareholder Purchases $140,100.00 in Stock

The Liberty Braves Group (NASDAQ:BATRKGet Rating) major shareholder Gamco Investors, Inc. Et Al acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, April 20th. The stock was purchased at an average price of $28.02 per share, with a total value of $140,100.00. Following the completion of the acquisition, the insider now directly owns 5,000 shares in the company, valued at approximately $140,100. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Gamco Investors, Inc. Et Al also recently made the following trade(s):

  • On Tuesday, April 12th, Gamco Investors, Inc. Et Al purchased 5,000 shares of The Liberty Braves Group stock. The shares were acquired at an average price of $27.12 per share, for a total transaction of $135,600.00.

Shares of NASDAQ BATRK traded down $0.35 during midday trading on Thursday, hitting $26.46. 4,796 shares of the company’s stock traded hands, compared to its average volume of 88,116. The Liberty Braves Group has a 1 year low of $24.17 and a 1 year high of $31.27. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of -44.68 and a beta of 0.92. The firm has a fifty day moving average of $26.18 and a 200 day moving average of $27.15.

The Liberty Braves Group (NASDAQ:BATRKGet Rating) last released its earnings results on Friday, February 25th. The financial services provider reported ($0.25) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.30) by $0.05. The firm had revenue of $102.00 million during the quarter. On average, analysts predict that The Liberty Braves Group will post 0.24 EPS for the current year.

BATRK has been the topic of several recent analyst reports. StockNews.com upgraded shares of The Liberty Braves Group from a “sell” rating to a “hold” rating in a report on Saturday, April 2nd. TheStreet cut shares of The Liberty Braves Group from a “c-” rating to a “d” rating in a report on Friday, February 4th. Zacks Investment Research lowered The Liberty Braves Group from a “buy” rating to a “hold” rating in a research note on Tuesday, March 29th. Finally, Morgan Stanley raised their price target on The Liberty Braves Group from $30.00 to $31.00 and gave the stock an “equal weight” rating in a research note on Wednesday, January 26th. Three research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $31.67.

A number of large investors have recently modified their holdings of the stock. BNP Paribas Arbitrage SA grew its holdings in The Liberty Braves Group by 9.9% during the 4th quarter. BNP Paribas Arbitrage SA now owns 7,810 shares of the financial services provider’s stock valued at $219,000 after purchasing an additional 701 shares during the last quarter. First Bank & Trust grew its stake in The Liberty Braves Group by 10.4% in the 4th quarter. First Bank & Trust now owns 7,538 shares of the financial services provider’s stock worth $212,000 after acquiring an additional 710 shares in the last quarter. Mackenzie Financial Corp grew its stake in The Liberty Braves Group by 1.7% in the 3rd quarter. Mackenzie Financial Corp now owns 52,142 shares of the financial services provider’s stock worth $1,378,000 after acquiring an additional 890 shares in the last quarter. The Manufacturers Life Insurance Company grew its stake in The Liberty Braves Group by 7.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 13,575 shares of the financial services provider’s stock worth $381,000 after acquiring an additional 964 shares in the last quarter. Finally, Qube Research & Technologies Ltd grew its stake in The Liberty Braves Group by 84.9% in the 4th quarter. Qube Research & Technologies Ltd now owns 2,136 shares of the financial services provider’s stock worth $60,000 after acquiring an additional 981 shares in the last quarter. Institutional investors own 76.66% of the company’s stock.

About The Liberty Braves Group (Get Rating)

The Liberty Braves Group, through its subsidiary, Braves Holdings, LLC, owns the Atlanta Braves Major League Baseball Club, various assets and liabilities associated with ANLBC's stadium, and mixed-use development project. The company is based in Englewood, Colorado. The Liberty Braves Group is a subsidiary of Liberty Media Corporation.

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