Liberty Braves Group Series A (NASDAQ:BATRA) Receives Consensus Rating of “Strong Buy” from Analysts

Liberty Braves Group Series A (NASDAQ:BATRA) has earned an average broker rating score of 1.00 (Strong Buy) from the three brokers that provide coverage for the company, Zacks Investment Research reports. Three research analysts have rated the stock with a strong buy recommendation.

Brokers have set a one year consensus target price of $39.50 for the company, according to Zacks. Zacks has also given Liberty Braves Group Series A an industry rank of 176 out of 255 based on the ratings given to related companies.

Several research analysts have recently issued reports on BATRA shares. Benchmark started coverage on shares of Liberty Braves Group Series A in a report on Tuesday, December 17th. They set a “buy” rating and a $35.00 price target for the company. Evercore ISI reiterated a “hold” rating and set a $31.00 price target on shares of Liberty Braves Group Series A in a report on Wednesday, November 13th. Finally, FBN Securities started coverage on shares of Liberty Braves Group Series A in a report on Thursday, October 24th. They set an “outperform” rating and a $43.31 price target for the company.

Shares of NASDAQ:BATRA traded down $0.33 during trading on Friday, hitting $29.44. 78,742 shares of the company were exchanged, compared to its average volume of 28,203. The business’s 50 day moving average is $29.24 and its 200-day moving average is $28.48. The company has a market capitalization of $305.70 million, a P/E ratio of -35.05 and a beta of 0.81. The company has a quick ratio of 0.50, a current ratio of 0.50 and a debt-to-equity ratio of 0.66. Liberty Braves Group Series A has a 1-year low of $25.75 and a 1-year high of $30.16.

Liberty Braves Group Series A (NASDAQ:BATRA) last announced its quarterly earnings results on Tuesday, November 12th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter. The company had revenue of $212.00 million during the quarter. Liberty Braves Group Series A had a negative net margin of 3.16% and a negative return on equity of 0.07%.

In related news, major shareholder Gamco Investors, Inc. Et Al acquired 243,812 shares of the firm’s stock in a transaction that occurred on Friday, November 22nd. The stock was acquired at an average cost of $15.02 per share, for a total transaction of $3,662,056.24.

A number of hedge funds and other institutional investors have recently bought and sold shares of BATRA. Atria Investments LLC bought a new stake in Liberty Braves Group Series A during the second quarter valued at $2,933,000. Chickasaw Capital Management LLC bought a new stake in Liberty Braves Group Series A during the third quarter valued at $3,333,000. Colony Group LLC bought a new stake in Liberty Braves Group Series A during the third quarter valued at $2,687,000. Invesco Ltd. bought a new stake in Liberty Braves Group Series A during the second quarter valued at $800,000. Finally, Wells Fargo & Company MN boosted its position in Liberty Braves Group Series A by 11.1% during the second quarter. Wells Fargo & Company MN now owns 101,701 shares of the financial services provider’s stock valued at $2,827,000 after acquiring an additional 10,127 shares during the last quarter. Institutional investors and hedge funds own 72.30% of the company’s stock.

Liberty Braves Group Series A Company Profile

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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