The Liberty Braves Group (NASDAQ:BATRK – Get Rating) has been assigned an average recommendation of “Hold” from the six research firms that are covering the company, Marketbeat Ratings reports. Three analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $33.67.
BATRK has been the subject of a number of recent research reports. Zacks Investment Research downgraded The Liberty Braves Group from a “buy” rating to a “hold” rating in a research report on Tuesday, March 29th. Morgan Stanley boosted their target price on The Liberty Braves Group from $30.00 to $31.00 and gave the stock an “equal weight” rating in a research report on Wednesday, January 26th. TheStreet downgraded The Liberty Braves Group from a “c-” rating to a “d” rating in a research report on Friday, February 4th. StockNews.com upgraded The Liberty Braves Group from a “sell” rating to a “hold” rating in a research report on Saturday, April 2nd. Finally, Rosenblatt Securities initiated coverage on The Liberty Braves Group in a research report on Monday, April 25th. They issued a “buy” rating and a $35.00 target price for the company.
In other news, major shareholder Gamco Investors, Inc. Et Al acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, April 20th. The stock was acquired at an average price of $28.02 per share, for a total transaction of $140,100.00. Following the completion of the acquisition, the insider now owns 5,000 shares in the company, valued at $140,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last quarter, insiders acquired 11,000 shares of company stock valued at $302,800.
Shares of NASDAQ:BATRK traded down $0.22 during midday trading on Monday, hitting $25.11. The stock had a trading volume of 110,809 shares, compared to its average volume of 98,777. The company’s 50-day moving average price is $26.17 and its 200-day moving average price is $27.09. The Liberty Braves Group has a fifty-two week low of $24.17 and a fifty-two week high of $31.27. The company has a market capitalization of $1.03 billion, a P/E ratio of -41.85 and a beta of 0.92.
The Liberty Braves Group (NASDAQ:BATRK – Get Rating) last issued its quarterly earnings results on Friday, February 25th. The financial services provider reported ($0.25) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.30) by $0.05. The business had revenue of $102.00 million for the quarter. As a group, equities research analysts expect that The Liberty Braves Group will post 0.24 earnings per share for the current fiscal year.
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.
- Get a free copy of the StockNews.com research report on The Liberty Braves Group (BATRK)
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