Insider Selling: The Liberty Braves Group (NASDAQ:BATRK) CEO Sells 6,584 Shares of Stock

The Liberty Braves Group (NASDAQ:BATRK – Get Rating) CEO Gregory B. Maffei sold 6,584 shares of the stock in a transaction that occurred on Tuesday, March 14th. The shares were sold at an average price of $69.52, for a total transaction of $457,719.68. Following the sale, the chief executive officer now directly owns 945,653 shares of the company’s stock, valued at approximately $65,741,796.56. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

The Liberty Braves Group Stock Performance

The Liberty Braves Group stock opened at $32.05 on Friday. The stock has a market capitalization of $1.34 billion, a price-to-earnings ratio of -25.64 and a beta of 0.90. The Liberty Braves Group has a 52-week low of $23.34 and a 52-week high of $35.41. The stock’s 50 day moving average price is $33.91 and its two-hundred day moving average price is $31.64.

The Liberty Braves Group (NASDAQ:BATRK – Get Rating) last posted its quarterly earnings results on Wednesday, March 1st. The financial services provider reported ($1.05) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.85) by ($0.20). The business had revenue of $53.00 million during the quarter, compared to analysts’ expectations of $23.14 million.

Hedge Funds Weigh In On The Liberty Braves Group

A number of large investors have recently modified their holdings of the company. SG Americas Securities LLC lifted its holdings in shares of The Liberty Braves Group by 5.2% in the 4th quarter. SG Americas Securities LLC now owns 7,427 shares of the financial services provider’s stock worth $239,000 after purchasing an additional 369 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of The Liberty Braves Group by 2.8% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,216 shares of the financial services provider’s stock worth $523,000 after purchasing an additional 437 shares in the last quarter. Lazard Asset Management LLC lifted its holdings in shares of The Liberty Braves Group by 15.0% in the 1st quarter. Lazard Asset Management LLC now owns 3,877 shares of the financial services provider’s stock worth $108,000 after purchasing an additional 505 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of The Liberty Braves Group by 15.7% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,834 shares of the financial services provider’s stock worth $156,000 after purchasing an additional 657 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of The Liberty Braves Group by 31.0% in the 3rd quarter. Tower Research Capital LLC TRC now owns 2,820 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 667 shares in the last quarter. 74.10% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com assumed coverage on The Liberty Braves Group in a report on Thursday. They set a “hold” rating on the stock.

About The Liberty Braves Group

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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.