The Liberty Braves Group (NASDAQ:BATRA) Major Shareholder Buys $27,100.00 in Stock

The Liberty Braves Group (NASDAQ:BATRAGet Rating) major shareholder Gamco Investors, Inc. Et Al bought 1,000 shares of the firm’s stock in a transaction that occurred on Monday, April 25th. The stock was purchased at an average cost of $27.10 per share, for a total transaction of $27,100.00. Following the completion of the purchase, the insider now owns 16,500 shares of the company’s stock, valued at $447,150. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Wednesday, April 20th, Gamco Investors, Inc. Et Al acquired 5,000 shares of The Liberty Braves Group stock. The shares were bought at an average cost of $28.02 per share, for a total transaction of $140,100.00.
  • On Tuesday, April 12th, Gamco Investors, Inc. Et Al bought 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.

BATRA traded down $0.60 during midday trading on Tuesday, hitting $26.70. 164,595 shares of the company traded hands, compared to its average volume of 67,499. The company has a quick ratio of 0.73, a current ratio of 0.73 and a debt-to-equity ratio of 0.86. The firm has a market cap of $275.36 million, a price-to-earnings ratio of -44.92 and a beta of 0.91. The firm has a 50-day moving average of $27.29. The Liberty Braves Group has a 52 week low of $24.75 and a 52 week high of $32.69.

The Liberty Braves Group (NASDAQ:BATRAGet Rating) last posted its earnings results on Friday, February 25th. The financial services provider reported ($0.25) earnings per share (EPS) for the quarter. The company had revenue of $102.00 million for the quarter. The Liberty Braves Group had a negative net margin of 1.94% and a negative return on equity of 0.06%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Spire Wealth Management increased its position in shares of The Liberty Braves Group by 42.8% during the 4th quarter. Spire Wealth Management now owns 1,262 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 378 shares during the last quarter. BNP Paribas Arbitrage SA purchased a new stake in shares of The Liberty Braves Group during the 3rd quarter valued at about $51,000. Citigroup Inc. increased its position in shares of The Liberty Braves Group by 104.2% during the 4th quarter. Citigroup Inc. now owns 2,708 shares of the financial services provider’s stock valued at $78,000 after purchasing an additional 1,382 shares during the last quarter. Metropolitan Life Insurance Co NY purchased a new stake in shares of The Liberty Braves Group during the 3rd quarter valued at about $76,000. Finally, Steward Partners Investment Advisory LLC increased its position in shares of The Liberty Braves Group by 24.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 2,924 shares of the financial services provider’s stock valued at $84,000 after purchasing an additional 575 shares during the last quarter. 78.36% of the stock is owned by hedge funds and other institutional investors.

Separately, TheStreet cut shares of The Liberty Braves Group from a “c-” rating to a “d+” rating in a report on Monday, February 7th.

The Liberty Braves Group Company Profile (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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