The Liberty Braves Group (NASDAQ:BATRK) Reaches New 1-Year High at $32.96

The Liberty Braves Group (NASDAQ:BATRKGet 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

In other The Liberty Braves Group news, major shareholder Gamco Investors, Inc. Et Al purchased 1,000 shares of the company’s stock in a transaction dated Thursday, October 13th. The shares were bought at an average price of $29.31 per share, with a total value of $29,310.00. Following the completion of the transaction, 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 available through this hyperlink. Insiders have acquired a total of 2,800 shares of company stock valued at $81,594 over the last 90 days. 11.43% of the stock is owned by company insiders.

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

(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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