Liberty Braves Group Series A (BATRA) Rating Lowered to Hold at ValuEngine

Liberty Braves Group Series A (NASDAQ:BATRA) was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating in a report released on Wednesday, April 3rd, ValuEngine reports.

Shares of BATRA traded up $0.21 during trading hours on Wednesday, hitting $28.37. The stock had a trading volume of 16,242 shares, compared to its average volume of 47,010. Liberty Braves Group Series A has a fifty-two week low of $21.77 and a fifty-two week high of $29.66.

Liberty Braves Group Series A (NASDAQ:BATRA) last posted its quarterly earnings data on Thursday, February 28th. The financial services provider reported ($0.07) earnings per share for the quarter. The business had revenue of $32.00 million for the quarter.

Several institutional investors and hedge funds have recently made changes to their positions in the stock. BNP Paribas Arbitrage SA boosted its stake in Liberty Braves Group Series A by 3,581.0% during the first quarter. BNP Paribas Arbitrage SA now owns 2,135 shares of the financial services provider’s stock worth $60,000 after buying an additional 2,077 shares during the period. Loeb Partners Corp acquired a new stake in shares of Liberty Braves Group Series A during the fourth quarter worth about $59,000. Metropolitan Life Insurance Co. NY lifted its position in shares of Liberty Braves Group Series A by 353.8% during the fourth quarter. Metropolitan Life Insurance Co. NY now owns 3,594 shares of the financial services provider’s stock worth $90,000 after purchasing an additional 2,802 shares in the last quarter. Bank of America Corp DE lifted its position in shares of Liberty Braves Group Series A by 86.6% during the fourth quarter. Bank of America Corp DE now owns 6,560 shares of the financial services provider’s stock worth $164,000 after purchasing an additional 3,044 shares in the last quarter. Finally, Selz Capital LLC acquired a new stake in shares of Liberty Braves Group Series A during the first quarter worth about $201,000. 78.87% of the stock is owned by hedge funds and other institutional investors.

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.

Further Reading: Beige Book

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