Analysts Expect Liberty Braves Group (BATRK) to Post $0.09 EPS

Shares of Liberty Braves Group (NASDAQ:BATRK) have earned a consensus broker rating score of 4.30 (Sell) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One research analyst has rated the stock with a strong sell rating.

Brokers have set a twelve-month consensus price target of $25.00 for the company and are expecting that the company will post $0.09 EPS for the current quarter, according to Zacks. Zacks has also given Liberty Braves Group an industry rank of 74 out of 265 based on the ratings given to its competitors.

BATRK has been the subject of several research analyst reports. Zacks Investment Research upgraded Liberty Braves Group from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th. TheStreet lowered Liberty Braves Group from a “c-” rating to a “d” rating in a report on Thursday, November 2nd. Finally, Morgan Stanley upped their price objective on Liberty Braves Group from $22.00 to $25.00 and gave the company an “underweight” rating in a report on Thursday, September 21st.

A number of institutional investors have recently made changes to their positions in BATRK. Alliancebernstein L.P. increased its position in Liberty Braves Group by 14.9% in the 2nd quarter. Alliancebernstein L.P. now owns 40,003 shares of the financial services provider’s stock worth $959,000 after purchasing an additional 5,195 shares during the last quarter. Vanguard Group Inc. increased its position in Liberty Braves Group by 9.7% in the 2nd quarter. Vanguard Group Inc. now owns 1,495,402 shares of the financial services provider’s stock worth $35,845,000 after purchasing an additional 132,529 shares during the last quarter. State Street Corp increased its position in Liberty Braves Group by 5.8% in the 2nd quarter. State Street Corp now owns 639,736 shares of the financial services provider’s stock worth $15,328,000 after purchasing an additional 35,323 shares during the last quarter. Gilder Gagnon Howe & Co. LLC increased its position in Liberty Braves Group by 189.7% in the 3rd quarter. Gilder Gagnon Howe & Co. LLC now owns 777,343 shares of the financial services provider’s stock worth $19,643,000 after purchasing an additional 509,024 shares during the last quarter. Finally, EastBay Asset Management LLC increased its position in Liberty Braves Group by 12.7% in the 2nd quarter. EastBay Asset Management LLC now owns 1,590,044 shares of the financial services provider’s stock worth $38,114,000 after purchasing an additional 179,345 shares during the last quarter. 71.38% of the stock is owned by hedge funds and other institutional investors.

Liberty Braves Group (BATRK) traded down $0.28 during trading hours on Friday, hitting $22.28. The stock had a trading volume of 143,700 shares, compared to its average volume of 139,700. Liberty Braves Group has a 12 month low of $19.30 and a 12 month high of $26.20. The company has a market capitalization of $862.74, a PE ratio of -15.80 and a beta of 1.83.

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About Liberty Braves Group

Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. The Company’s principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc (SIRIUS XM) and Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc (Live Nation).

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