Lazard Asset Management LLC Grows Stock Holdings in The Liberty Braves Group (NASDAQ:BATRK)

Lazard Asset Management LLC boosted its holdings in shares of The Liberty Braves Group (NASDAQ:BATRKGet Rating) by 87.6% during the second quarter, Holdings Channel.com reports. The firm owned 7,274 shares of the financial services provider’s stock after acquiring an additional 3,397 shares during the period. Lazard Asset Management LLC’s holdings in The Liberty Braves Group were worth $174,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Quantbot Technologies LP raised its stake in shares of The Liberty Braves Group by 350.0% in the first quarter. Quantbot Technologies LP now owns 900 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 700 shares during the period. Prospera Financial Services Inc purchased a new stake in shares of The Liberty Braves Group in the first quarter valued at $42,000. Clear Street Markets LLC purchased a new stake in shares of The Liberty Braves Group in the second quarter valued at $48,000. Hosking Partners LLP purchased a new stake in shares of The Liberty Braves Group in the second quarter valued at $90,000. Finally, Captrust Financial Advisors raised its stake in shares of The Liberty Braves Group by 31.6% in the first quarter. Captrust Financial Advisors now owns 4,660 shares of the financial services provider’s stock valued at $130,000 after acquiring an additional 1,119 shares during the period. Hedge funds and other institutional investors own 73.34% of the company’s stock.

The Liberty Braves Group Trading Up 0.4 %

NASDAQ BATRK opened at $33.22 on Monday. The company’s 50-day moving average price is $29.48 and its 200-day moving average price is $27.21. The stock has a market cap of $1.38 billion, a PE ratio of -73.82 and a beta of 0.90. The Liberty Braves Group has a 12 month low of $23.34 and a 12 month high of $34.15.

Insiders Place Their Bets

In other The Liberty Braves Group news, major shareholder Gamco Investors, Inc. Et Al bought 1,000 shares of the company’s stock in a transaction on Tuesday, August 23rd. The shares were bought at an average cost of $28.94 per share, for a total transaction of $28,940.00. Following the acquisition, the insider now directly owns 1,000 shares in the company, valued at $28,940. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have acquired a total of 2,800 shares of company stock worth $81,594 in the last three months. Corporate insiders own 11.43% of the company’s stock.

Analyst Ratings Changes

BATRK has been the topic of a number of research analyst reports. Morgan Stanley cut their price target on shares of 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 shares of The Liberty Braves Group from a “hold” rating to a “sell” rating in a report on Thursday.

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.

See Also

Want to see what other hedge funds are holding BATRK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for The Liberty Braves Group (NASDAQ:BATRKGet Rating).

Institutional Ownership by Quarter for The Liberty Braves Group (NASDAQ:BATRK)

Receive News & Ratings for The Liberty Braves Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for The Liberty Braves Group and related companies with MarketBeat.com's FREE daily email newsletter.