The Liberty Braves Group (NASDAQ:BATRK) Upgraded to “Hold” at StockNews.com

StockNews.com upgraded shares of The Liberty Braves Group (NASDAQ:BATRKGet Rating) from a sell rating to a hold rating in a research note published on Thursday morning.

The Liberty Braves Group Trading Up 2.1 %

BATRK opened at $32.99 on Thursday. The stock has a 50-day moving average price of $32.07 and a 200-day moving average price of $28.97. The Liberty Braves Group has a 12-month low of $23.34 and a 12-month high of $34.15. The stock has a market capitalization of $1.37 billion, a P/E ratio of -73.31 and a beta of 0.89.

Insider Activity

In related news, major shareholder Gamco Investors, Inc. Et Al bought 7,200 shares of the stock in a transaction dated Wednesday, December 28th. The stock was bought at an average price of $32.58 per share, with a total value of $234,576.00. Following the purchase, the insider now owns 20,000 shares in the company, valued at approximately $651,600. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, major shareholder Gamco Investors, Inc. Et Al bought 7,200 shares of the stock in a transaction dated Wednesday, December 28th. The stock was bought at an average price of $32.58 per share, with a total value of $234,576.00. Following the purchase, the insider now owns 20,000 shares in the company, valued at approximately $651,600. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Brian J. Wendling sold 24,218 shares of the business’s stock in a transaction dated Wednesday, November 30th. The shares were sold at an average price of $46.46, for a total value of $1,125,168.28. Following the completion of the sale, the chief accounting officer now directly owns 3,173 shares of the company’s stock, valued at approximately $147,417.58. The disclosure for this sale can be found here. In the last quarter, insiders purchased 9,000 shares of company stock valued at $289,950 and sold 26,965 shares valued at $1,238,951. 11.43% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Elgethun Capital Management raised its position in The Liberty Braves Group by 3.0% during the 2nd quarter. Elgethun Capital Management now owns 133,691 shares of the financial services provider’s stock valued at $3,190,000 after purchasing an additional 3,836 shares during the last quarter. Oak Family Advisors LLC raised its position in The Liberty Braves Group by 7.8% during the 2nd quarter. Oak Family Advisors LLC now owns 96,931 shares of the financial services provider’s stock valued at $2,326,000 after purchasing an additional 7,007 shares during the last quarter. VELA Investment Management LLC raised its position in The Liberty Braves Group by 5.4% during the 2nd quarter. VELA Investment Management LLC now owns 47,034 shares of the financial services provider’s stock valued at $1,129,000 after purchasing an additional 2,393 shares during the last quarter. HighTower Trust Services LTA purchased a new position in shares of The Liberty Braves Group during the 2nd quarter worth approximately $2,540,000. Finally, Lazard Asset Management LLC grew its holdings in shares of The Liberty Braves Group by 87.6% during the 2nd quarter. Lazard Asset Management LLC now owns 7,274 shares of the financial services provider’s stock worth $174,000 after acquiring an additional 3,397 shares during the period. Institutional investors own 74.10% of the company’s stock.

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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