Liberty Media Co. (BATRK) Given Average Rating of “Hold” by Brokerages

Liberty Media Co. (NASDAQ:BATRK) has been assigned an average broker rating score of 3.00 (Hold) from the one brokers that provide coverage for the stock, Zacks Investment Research reports. One research analyst has rated the stock with a hold recommendation. Liberty Media’s rating score has improved by 18.9% in the last three months as a result of various analysts’ ratings changes.

Analysts have set a 1 year consensus target price of $26.00 for the company and are expecting that the company will post ($0.20) earnings per share for the current quarter, according to Zacks. Zacks has also given Liberty Media an industry rank of 203 out of 265 based on the ratings given to related companies.

Several research firms have issued reports on BATRK. Morgan Stanley upgraded Liberty Media from an “underweight” rating to an “equal weight” rating and set a $26.00 price objective on the stock in a report on Wednesday, May 9th. Zacks Investment Research downgraded Liberty Media from a “hold” rating to a “strong sell” rating in a report on Friday, May 11th.



Shares of Liberty Media opened at $25.24 on Friday, MarketBeat Ratings reports. Liberty Media has a 52 week low of $21.53 and a 52 week high of $26.20. The stock has a market capitalization of $998.93 million, a price-to-earnings ratio of -49.49 and a beta of 1.27.

Liberty Media (NASDAQ:BATRK) last posted its quarterly earnings data on Wednesday, May 9th. The financial services provider reported ($1.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.37) by ($0.65). The business had revenue of $28.00 million during the quarter. equities analysts anticipate that Liberty Media will post -1.37 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of the company. Park West Asset Management LLC increased its holdings in shares of Liberty Media by 9.6% in the 1st quarter. Park West Asset Management LLC now owns 3,384,195 shares of the financial services provider’s stock valued at $77,227,000 after purchasing an additional 295,917 shares during the period. EastBay Asset Management LLC increased its holdings in shares of Liberty Media by 43.3% in the 4th quarter. EastBay Asset Management LLC now owns 1,759,958 shares of the financial services provider’s stock valued at $39,106,000 after purchasing an additional 532,173 shares during the period. Tensile Capital Management LLC increased its holdings in shares of Liberty Media by 10.2% in the 1st quarter. Tensile Capital Management LLC now owns 1,665,721 shares of the financial services provider’s stock valued at $38,012,000 after purchasing an additional 154,395 shares during the period. Gamco Investors INC. ET AL increased its holdings in shares of Liberty Media by 2.5% in the 1st quarter. Gamco Investors INC. ET AL now owns 1,601,350 shares of the financial services provider’s stock valued at $36,543,000 after purchasing an additional 39,789 shares during the period. Finally, Gabelli Funds LLC increased its holdings in shares of Liberty Media by 3.6% in the 1st quarter. Gabelli Funds LLC now owns 802,825 shares of the financial services provider’s stock valued at $18,320,000 after purchasing an additional 27,800 shares during the period. Institutional investors own 73.69% of the company’s stock.

About Liberty Media

The Liberty Braves Group, through its subsidiary, Braves Holdings, LLC, owns the Atlanta Braves Major League Baseball Club, 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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