Zacks: Liberty Braves Group Series A (NASDAQ:BATRA) Given $44.00 Average Price Target by Brokerages

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

Brokers have set a twelve-month consensus target price of $44.00 for the company, according to Zacks. Zacks has also assigned Liberty Braves Group Series A an industry rank of 91 out of 255 based on the ratings given to related companies.

Several analysts have recently issued reports on BATRA shares. Evercore ISI restated a “hold” rating and set a $31.00 target price on shares of Liberty Braves Group Series A in a research report on Wednesday, November 13th. FBN Securities started coverage on Liberty Braves Group Series A in a research report on Thursday, October 24th. They issued an “outperform” rating and a $43.31 price target for the company.

In other news, major shareholder Gamco Investors, Inc. Et Al bought 243,812 shares of Liberty Braves Group Series A stock in a transaction dated Friday, November 22nd. The shares were acquired at an average price of $15.02 per share, with a total value of $3,662,056.24.

Hedge funds and other institutional investors have recently made changes to their positions in the business. State Street Corp increased its stake in Liberty Braves Group Series A by 0.4% in the third quarter. State Street Corp now owns 197,580 shares of the financial services provider’s stock worth $5,499,000 after purchasing an additional 871 shares during the period. Colony Group LLC bought a new position in shares of Liberty Braves Group Series A in the third quarter worth about $2,687,000. California Public Employees Retirement System grew its holdings in shares of Liberty Braves Group Series A by 14.9% in the third quarter. California Public Employees Retirement System now owns 21,406 shares of the financial services provider’s stock worth $596,000 after purchasing an additional 2,778 shares during the last quarter. RB Capital Management LLC increased its stake in 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 period. Finally, Chickasaw Capital Management LLC purchased a new position in Liberty Braves Group Series A in the 3rd quarter worth about $3,333,000. 71.36% of the stock is owned by institutional investors and hedge funds.

BATRA stock opened at $27.56 on Friday. Liberty Braves Group Series A has a 52 week low of $23.68 and a 52 week high of $30.11. The company has a fifty day simple moving average of $28.32 and a two-hundred day simple moving average of $27.94. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 0.66.

About Liberty Braves Group Series A

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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