Morgan Stanley Raises Liberty Braves Group (BATRK) Price Target to $26.00

Liberty Braves Group (NASDAQ:BATRK) had its price objective upped by research analysts at Morgan Stanley from $25.00 to $26.00 in a research note issued on Wednesday. The firm currently has an “underweight” rating on the financial services provider’s stock. Morgan Stanley’s price objective would suggest a potential upside of 10.59% from the company’s previous close.

Other research analysts have also recently issued research reports about the stock. TheStreet cut shares of Liberty Braves Group from a “c-” rating to a “d” rating in a report on Thursday, November 2nd. Zacks Investment Research raised shares of Liberty Braves Group from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th.

Liberty Braves Group (NASDAQ BATRK) traded down $0.40 during midday trading on Wednesday, hitting $23.51. 136,870 shares of the company’s stock were exchanged, compared to its average volume of 121,680. The stock has a market capitalization of $24,490.00 and a PE ratio of -15.78. Liberty Braves Group has a fifty-two week low of $19.30 and a fifty-two week high of $26.20.

Liberty Braves Group (NASDAQ:BATRK) last posted its quarterly earnings results on Thursday, November 9th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.38.

Several hedge funds and other institutional investors have recently made changes to their positions in BATRK. Gilder Gagnon Howe & Co. LLC lifted its stake in shares of Liberty Braves Group by 189.7% in the third quarter. Gilder Gagnon Howe & Co. LLC now owns 777,343 shares of the financial services provider’s stock worth $19,643,000 after buying an additional 509,024 shares in the last quarter. EastBay Asset Management LLC lifted its stake in shares of Liberty Braves Group by 12.7% in the second quarter. EastBay Asset Management LLC now owns 1,590,044 shares of the financial services provider’s stock worth $38,114,000 after buying an additional 179,345 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in shares of Liberty Braves Group by 10.5% in the third quarter. Gamco Investors INC. ET AL now owns 1,572,164 shares of the financial services provider’s stock worth $39,729,000 after buying an additional 149,922 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Liberty Braves Group by 9.7% in the second quarter. Vanguard Group Inc. now owns 1,495,402 shares of the financial services provider’s stock worth $35,845,000 after buying an additional 132,529 shares in the last quarter. Finally, State Street Corp lifted its stake in shares of Liberty Braves Group by 5.8% in the second quarter. State Street Corp now owns 639,736 shares of the financial services provider’s stock worth $15,328,000 after buying an additional 35,323 shares in the last quarter. Institutional investors and hedge funds own 71.50% of the company’s stock.

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Liberty Braves Group Company Profile

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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