Swiss National Bank Boosts Stake in The Liberty Braves Group (NASDAQ:BATRK)

Swiss National Bank raised its holdings in shares of The Liberty Braves Group (NASDAQ:BATRK – Get Rating) by 1.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 95,329 shares of the financial services provider’s stock after buying an additional 1,700 shares during the quarter. Swiss National Bank owned about 0.23% of The Liberty Braves Group worth $3,072,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. MetLife Investment Management LLC boosted its holdings in shares of The Liberty Braves Group by 55.6% in the 1st quarter. MetLife Investment Management LLC now owns 19,979 shares of the financial services provider’s stock worth $558,000 after purchasing an additional 7,137 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of The Liberty Braves Group by 2.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 654,061 shares of the financial services provider’s stock worth $18,255,000 after purchasing an additional 14,935 shares in the last quarter. Gamco Investors INC. ET AL boosted its holdings in shares of The Liberty Braves Group by 16.2% in the 1st quarter. Gamco Investors INC. ET AL now owns 1,395,064 shares of the financial services provider’s stock worth $38,936,000 after purchasing an additional 194,438 shares in the last quarter. Gabelli Funds LLC boosted its holdings in shares of The Liberty Braves Group by 8.3% in the 1st quarter. Gabelli Funds LLC now owns 782,217 shares of the financial services provider’s stock worth $21,832,000 after purchasing an additional 60,008 shares in the last quarter. Finally, GABELLI & Co INVESTMENT ADVISERS INC. purchased a new position in shares of The Liberty Braves Group in the 1st quarter worth about $678,000. 74.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com started coverage on The Liberty Braves Group in a report on Saturday. They issued a “hold” rating for the company.

The Liberty Braves Group Trading Up 0.2 %

NASDAQ BATRK opened at $37.65 on Tuesday. The Liberty Braves Group has a 1-year low of $23.46 and a 1-year high of $39.99. The stock has a 50-day moving average of $35.69 and a 200-day moving average of $34.03. The firm has a market cap of $1.57 billion, a PE ratio of -16.96 and a beta of 0.90.

The Liberty Braves Group (NASDAQ:BATRK – Get Rating) last released its earnings results on Friday, May 5th. The financial services provider reported ($1.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($1.18). The firm had revenue of $31.00 million during the quarter, compared to the consensus estimate of $48.70 million. As a group, equities research analysts forecast that The Liberty Braves Group will post -0.37 earnings per share for the current fiscal year.

Insider Activity

In other The Liberty Braves Group news, CAO Brian J. Wendling sold 1,370 shares of the company’s stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $36.00, for a total transaction of $49,320.00. Following the completion of the transaction, the chief accounting officer now owns 15,805 shares of the company’s stock, valued at approximately $568,980. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other The Liberty Braves Group news, CAO Brian J. Wendling sold 1,370 shares of the company’s stock in a transaction that occurred on Monday, April 24th. The stock was sold at an average price of $36.00, for a total transaction of $49,320.00. Following the completion of the transaction, the chief accounting officer now owns 15,805 shares of the company’s stock, valued at approximately $568,980. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman John C. Malone sold 285,320 shares of the company’s stock in a transaction that occurred on Friday, March 3rd. The shares were sold at an average price of $74.95, for a total value of $21,384,734.00. Following the transaction, the chairman now directly owns 3,670,061 shares of the company’s stock, valued at approximately $275,071,071.95. The disclosure for this sale can be found here. In the last quarter, insiders purchased 51,200 shares of company stock valued at $1,376,825 and sold 432,401 shares valued at $32,257,898. 11.43% of the stock is currently owned by corporate insiders.

The Liberty Braves Group Company Profile

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Liberty Media Corp. engages in the operation of media, communications, and entertainment businesses. It operates through the following segments: Sirius XM Holdings, Formula 1. The Sirius XM Holdings segment refers to the complementary audio entertainment businesses, Sirius XM and Pandora. Sirius XM features music, sports, entertainment, comedy, talk, news, traffic, weather channels, and infotainment services.