The Liberty Braves Group (NASDAQ:BATRK) Receives New Coverage from Analysts at StockNews.com

Analysts at StockNews.com assumed coverage on shares of The Liberty Braves Group (NASDAQ:BATRK – Get Rating) in a research report issued to clients and investors on Thursday. The brokerage set a “hold” rating on the financial services provider’s stock.

The Liberty Braves Group Trading Down 1.5 %

NASDAQ BATRK opened at $32.05 on Thursday. The Liberty Braves Group has a 1-year low of $23.34 and a 1-year high of $35.41. The company has a market cap of $1.34 billion, a price-to-earnings ratio of -25.64 and a beta of 0.90. The company has a 50 day moving average of $33.91 and a 200-day moving average of $31.64.

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

Insider Buying and Selling

In other news, 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 completion of the transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Chairman John C. Malone sold 285,320 shares of the firm’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 completion of the transaction, the chairman now directly owns 3,670,061 shares of the company’s stock, valued at approximately $275,071,071.95. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Gregory B. Maffei sold 6,584 shares of the firm’s stock in a transaction that occurred on Tuesday, March 14th. The stock was sold at an average price of $69.52, for a total transaction of $457,719.68. Following the completion of the transaction, the chief executive officer now directly owns 945,653 shares of the company’s stock, valued at $65,741,796.56. The disclosure for this sale can be found here. In the last quarter, insiders have acquired 8,700 shares of company stock worth $283,360 and have sold 412,954 shares worth $30,817,335. 11.43% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Quantbot Technologies LP boosted its holdings in The Liberty Braves Group by 350.0% in the 1st quarter. Quantbot Technologies LP now owns 900 shares of the financial services provider’s stock worth $25,000 after buying an additional 700 shares during the period. JTC Employer Solutions Trustee Ltd purchased a new stake in The Liberty Braves Group in the 4th quarter worth approximately $43,000. O Shaughnessy Asset Management LLC purchased a new stake in The Liberty Braves Group in the 2nd quarter worth approximately $58,000. Tower Research Capital LLC TRC lifted its stake in 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. Finally, Lazard Asset Management LLC lifted its stake in 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. 74.10% of the stock is owned by institutional investors.

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.