The Liberty Braves Group (NASDAQ:BATRK – Get Rating)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $32.96 and last traded at $32.96, with a volume of 1039 shares changing hands. The stock had previously closed at $30.89.
Wall Street Analyst Weigh In
Several equities analysts recently issued reports on BATRK shares. Morgan Stanley decreased their price target 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. StockNews.com cut The Liberty Braves Group from a “hold” rating to a “sell” rating in a report on Thursday.
The Liberty Braves Group Price Performance
The firm has a 50 day simple moving average of $29.48 and a two-hundred day simple moving average of $27.18. The stock has a market cap of $1.38 billion, a price-to-earnings ratio of -73.82 and a beta of 0.90.
Insider Transactions at The Liberty Braves Group
Institutional Inflows and Outflows
A number of hedge funds have recently modified their holdings of the company. One Fin Capital Management LP grew its holdings in shares of The Liberty Braves Group by 17.5% during the third quarter. One Fin Capital Management LP now owns 400,311 shares of the financial services provider’s stock worth $11,009,000 after buying an additional 59,505 shares in the last quarter. Advisors Capital Management LLC grew its stake in The Liberty Braves Group by 23.5% in the third quarter. Advisors Capital Management LLC now owns 66,946 shares of the financial services provider’s stock valued at $2,047,000 after purchasing an additional 12,728 shares in the last quarter. State Street Corp grew its stake in The Liberty Braves Group by 1.1% in the third quarter. State Street Corp now owns 780,861 shares of the financial services provider’s stock valued at $21,474,000 after purchasing an additional 8,262 shares in the last quarter. Mark Asset Management LP bought a new position in The Liberty Braves Group in the third quarter valued at approximately $688,000. Finally, Ensign Peak Advisors Inc bought a new position in The Liberty Braves Group in the third quarter valued at approximately $216,000. 73.34% of the stock is currently owned by institutional investors.
The Liberty Braves Group Company Profile
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.
- Get a free copy of the StockNews.com research report on The Liberty Braves Group (BATRK)
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