Zacks: Brokerages Set $44.00 Price Target for Liberty Braves Group Series A (NASDAQ:BATRA)

Shares of Liberty Braves Group Series A (NASDAQ:BATRA) have earned an average broker rating score of 1.00 (Strong Buy) from the two brokers 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 12-month consensus target price of $44.00 for the company, according to Zacks. Zacks has also given Liberty Braves Group Series A an industry rank of 92 out of 255 based on the ratings given to its competitors.

A number of equities research analysts have recently weighed in on BATRA shares. Evercore ISI reissued a “hold” rating and issued a $31.00 target price on shares of Liberty Braves Group Series A in a research note on Wednesday, November 13th. FBN Securities began coverage on Liberty Braves Group Series A in a research report on Thursday, October 24th. They set an “outperform” rating and a $43.31 price target on the stock.

In other Liberty Braves Group Series A news, major shareholder Gamco Investors, Inc. Et Al purchased 243,812 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was acquired at an average price of $15.02 per share, for a total transaction of $3,662,056.24.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Eagle Asset Management Inc. raised its stake in Liberty Braves Group Series A by 0.5% during the second quarter. Eagle Asset Management Inc. now owns 79,587 shares of the financial services provider’s stock valued at $2,212,000 after purchasing an additional 392 shares in the last quarter. RB Capital Management LLC increased its holdings in shares of Liberty Braves Group Series A by 3.4% in the 3rd quarter. RB Capital Management LLC now owns 12,300 shares of the financial services provider’s stock worth $342,000 after buying an additional 400 shares during the last quarter. State Street Corp increased its holdings in shares of Liberty Braves Group Series A by 0.4% in the 3rd quarter. State Street Corp now owns 197,580 shares of the financial services provider’s stock worth $5,499,000 after buying an additional 871 shares during the last quarter. Roundview Capital LLC raised its position in shares of 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 valued at $3,581,000 after buying an additional 877 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Liberty Braves Group Series A by 113.9% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,030 shares of the financial services provider’s stock valued at $56,000 after buying an additional 1,081 shares in the last quarter. 71.36% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ:BATRA traded up $0.52 on Friday, reaching $28.09. 2,476 shares of the company traded hands, compared to its average volume of 42,357. The business’s 50-day simple moving average is $28.31 and its 200 day simple moving average is $27.94. 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 52 week low of $23.68 and a 52 week high of $30.11.

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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