StockNews.com Downgrades The Liberty Braves Group (NASDAQ:BATRK) to Sell

The Liberty Braves Group (NASDAQ:BATRKGet Rating) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report issued on Thursday.

Separately, Morgan Stanley dropped their target price on The Liberty Braves Group from $31.00 to $28.00 and set an “equal weight” rating on the stock in a report on Tuesday, August 9th.

The Liberty Braves Group Price Performance

Shares of NASDAQ:BATRK opened at $33.22 on Thursday. The Liberty Braves Group has a 12 month low of $23.34 and a 12 month high of $34.15. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of -73.82 and a beta of 0.90. The stock’s 50 day moving average price is $29.48 and its 200 day moving average price is $27.18.

Insiders Place Their Bets

In related news, major shareholder Gamco Investors, Inc. Et Al purchased 1,000 shares of the stock in a transaction dated Thursday, October 13th. The shares were acquired at an average cost of $29.31 per share, for a total transaction of $29,310.00. Following the acquisition, the insider now directly owns 30,000 shares in the company, valued at approximately $879,300. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have bought 2,800 shares of company stock worth $81,594. Corporate insiders own 11.43% of the company’s stock.

Hedge Funds Weigh In On The Liberty Braves Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Quantbot Technologies LP lifted its stake in shares of The Liberty Braves Group by 350.0% in the 1st quarter. Quantbot Technologies LP now owns 900 shares of the financial services provider’s stock valued at $25,000 after purchasing an additional 700 shares during the last quarter. Prospera Financial Services Inc acquired a new stake in shares of The Liberty Braves Group in the 1st quarter valued at $42,000. Clear Street Markets LLC acquired a new stake in shares of The Liberty Braves Group in the 2nd quarter valued at $48,000. O Shaughnessy Asset Management LLC acquired a new stake in shares of The Liberty Braves Group in the 2nd quarter valued at $58,000. Finally, Tower Research Capital LLC TRC lifted its stake in shares of The Liberty Braves Group by 31.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,820 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 667 shares during the last quarter. 73.34% of the stock is currently owned by hedge funds and other institutional investors.

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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