Zacks: Liberty Braves Group (BATRK) Given Consensus Rating of “Sell” by Analysts

Shares of Liberty Braves Group (NASDAQ:BATRK) have been assigned an average broker rating score of 3.70 (Sell) from the one analysts that cover the stock, Zacks Investment Research reports. One investment analyst has rated the stock with a sell rating. Liberty Braves Group’s rating score has improved by 14% in the last three months as a result of a number of analysts’ ratings changes.

Analysts have set a twelve-month consensus price target of $26.00 for the company and are forecasting that the company will post $0.04 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Liberty Braves Group an industry rank of 168 out of 265 based on the ratings given to related companies.

A number of equities analysts recently weighed in on BATRK shares. Zacks Investment Research raised Liberty Braves Group from a “sell” rating to a “hold” rating in a report on Tuesday, November 14th. TheStreet cut Liberty Braves Group from a “c-” rating to a “d” rating in a report on Thursday, November 2nd. Finally, Morgan Stanley upped their price target on Liberty Braves Group from $25.00 to $26.00 and gave the stock an “underweight” rating in a report on Wednesday, January 31st.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. raised its holdings in shares of Liberty Braves Group by 1.4% during the second quarter. PNC Financial Services Group Inc. now owns 15,101 shares of the financial services provider’s stock valued at $361,000 after acquiring an additional 207 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Liberty Braves Group by 1.3% during the second quarter. The Manufacturers Life Insurance Company now owns 24,322 shares of the financial services provider’s stock valued at $583,000 after acquiring an additional 313 shares during the last quarter. Parametric Portfolio Associates LLC raised its holdings in shares of Liberty Braves Group by 2.7% during the second quarter. Parametric Portfolio Associates LLC now owns 18,365 shares of the financial services provider’s stock valued at $440,000 after acquiring an additional 483 shares during the last quarter. Nationwide Fund Advisors raised its holdings in shares of Liberty Braves Group by 5.9% during the second quarter. Nationwide Fund Advisors now owns 19,077 shares of the financial services provider’s stock valued at $457,000 after acquiring an additional 1,061 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its holdings in shares of Liberty Braves Group by 1.0% during the second quarter. Schwab Charles Investment Management Inc. now owns 141,019 shares of the financial services provider’s stock valued at $3,381,000 after acquiring an additional 1,405 shares during the last quarter. 71.50% of the stock is owned by institutional investors.

Shares of Liberty Braves Group (NASDAQ BATRK) opened at $22.76 on Monday. Liberty Braves Group has a one year low of $19.65 and a one year high of $26.20. The company has a market capitalization of $870.39, a PE ratio of -16.14 and a beta of 1.54.

Liberty Braves Group (NASDAQ:BATRK) last released its quarterly earnings results on Thursday, November 9th. The financial services provider reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.07 by $0.38. analysts forecast that Liberty Braves Group will post -0.45 earnings per share for the current fiscal year.

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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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