Zacks: Liberty Braves Group Series A (NASDAQ:BATRA) Receives Average Recommendation of “Strong Buy” from Brokerages

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Liberty Braves Group Series A logoShares of Liberty Braves Group Series A (NASDAQ:BATRA) have been given an average broker rating score of 1.00 (Strong Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy rating.

Brokerages have set a 1 year consensus price target of $47.00 for the company, according to Zacks. Zacks has also assigned Liberty Braves Group Series A an industry rank of 80 out of 255 based on the ratings given to its competitors.

Separately, FBN Securities initiated coverage on shares of Liberty Braves Group Series A in a research note on Thursday. They issued an "outperform" rating and a $43.31 target price for the company.

Institutional investors and hedge funds have recently bought and sold shares of the business. Gamco Investors INC. ET AL boosted its holdings in shares of Liberty Braves Group Series A by 2.3% in the second quarter. Gamco Investors INC. ET AL now owns 1,487,360 shares of the financial services provider's stock valued at $41,349,000 after acquiring an additional 33,053 shares during the period. Gabelli Funds LLC increased its holdings in Liberty Braves Group Series A by 1.5% during the 2nd quarter. Gabelli Funds LLC now owns 267,109 shares of the financial services provider's stock worth $7,426,000 after purchasing an additional 4,000 shares during the last quarter. Atria Investments LLC purchased a new stake in Liberty Braves Group Series A during the 2nd quarter worth approximately $2,933,000. Roundview Capital LLC increased its holdings in Liberty Braves Group Series A by 0.7% during the 2nd quarter. Roundview Capital LLC now owns 128,812 shares of the financial services provider's stock worth $3,581,000 after purchasing an additional 877 shares during the last quarter. Finally, Chickasaw Capital Management LLC purchased a new stake in Liberty Braves Group Series A during the 3rd quarter worth approximately $3,333,000. 74.17% of the stock is owned by institutional investors.

BATRA stock traded up $0.67 during trading on Monday, reaching $29.18. The company had a trading volume of 2,449 shares, compared to its average volume of 49,665. The firm has a 50-day simple moving average of $28.16 and a 200-day simple moving average of $27.86. The company has a quick ratio of 0.49, a current ratio of 0.49 and a debt-to-equity ratio of 0.64. Liberty Braves Group Series A has a twelve month low of $23.54 and a twelve month high of $30.11.

Liberty Braves Group Series A (NASDAQ:BATRA) last released its earnings results on Thursday, August 8th. The financial services provider reported $0.46 EPS for the quarter. The company had revenue of $208.00 million during the quarter. Liberty Braves Group Series A had a net margin of 3.03% and a return on equity of 0.06%.

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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