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

Posted by Defense World Staff on Jun 5th, 2023

Equities researchers at StockNews.com initiated coverage on shares of The Liberty Braves Group (NASDAQ:BATRK – Get Rating) in a report issued on Monday. The brokerage set a “hold” rating on the financial services provider’s stock.

The Liberty Braves Group Stock Up 0.7 %

Shares of The Liberty Braves Group stock opened at $36.75 on Monday. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of -16.55 and a beta of 0.89. The Liberty Braves Group has a 52-week low of $23.46 and a 52-week high of $39.99. The company’s 50-day simple moving average is $36.50 and its 200-day simple moving average is $34.43.

The Liberty Braves Group (NASDAQ:BATRK – Get Rating) last posted its quarterly earnings results on Friday, May 5th. The financial services provider reported ($1.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.04) by ($1.18). The firm had revenue of $31.00 million for the quarter, compared to the consensus estimate of $48.70 million. Equities research analysts anticipate that The Liberty Braves Group will post -0.37 EPS for the current year.

Insider Transactions at The Liberty Braves Group

In other The Liberty Braves Group news, major shareholder Gamco Investors, Inc. Et Al bought 700 shares of the stock in a transaction dated Monday, April 17th. The stock was bought at an average cost of $35.95 per share, for a total transaction of $25,165.00. Following the completion of the purchase, the insider now directly owns 22,000 shares of the company’s stock, valued at $790,900. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, CAO Brian J. Wendling sold 1,370 shares of the company’s stock in a transaction on Monday, April 24th. The shares were sold at an average price of $36.00, for a total value of $49,320.00. Following the transaction, the chief accounting officer now directly owns 15,805 shares of the company’s stock, valued at $568,980. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Gamco Investors, Inc. Et Al acquired 700 shares of The Liberty Braves Group stock in a transaction that occurred on Monday, April 17th. The shares were purchased at an average cost of $35.95 per share, with a total value of $25,165.00. Following the transaction, the insider now owns 22,000 shares of the company’s stock, valued at approximately $790,900. The disclosure for this purchase can be found here. In the last three months, insiders have bought 51,200 shares of company stock worth $1,376,825 and have sold 27,401 shares worth $1,946,233. Company insiders own 11.43% of the company’s stock.

Institutional Investors Weigh In On The Liberty Braves Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SG Americas Securities LLC increased its holdings in shares of The Liberty Braves Group by 5.2% during the fourth quarter. SG Americas Securities LLC now owns 7,427 shares of the financial services provider’s stock worth $239,000 after buying an additional 369 shares in the last quarter. VELA Investment Management LLC increased its holdings in The Liberty Braves Group by 0.7% in the 1st quarter. VELA Investment Management LLC now owns 56,032 shares of the financial services provider’s stock worth $1,888,000 after purchasing an additional 398 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in The Liberty Braves Group by 2.8% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 16,216 shares of the financial services provider’s stock valued at $523,000 after purchasing an additional 437 shares during the last quarter. Weik Capital Management boosted its stake in shares of The Liberty Braves Group by 5.6% during the first quarter. Weik Capital Management now owns 9,350 shares of the financial services provider’s stock valued at $315,000 after purchasing an additional 500 shares in the last quarter. Finally, Lazard Asset Management LLC increased its stake in shares of The Liberty Braves Group by 15.0% in the first quarter. Lazard Asset Management LLC now owns 3,877 shares of the financial services provider’s stock valued at $108,000 after buying an additional 505 shares during the period. 74.10% of the stock is currently owned by institutional investors and hedge funds.

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.