SG Americas Securities LLC purchased a new stake in shares of The Liberty Braves Group (NASDAQ:BATRK) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 14,426 shares of the financial services provider’s stock, valued at approximately $381,000.
Several other institutional investors have also recently made changes to their positions in BATRK. Broad Bay Capital Management LP increased its stake in shares of The Liberty Braves Group by 65.1% during the second quarter. Broad Bay Capital Management LP now owns 2,163,000 shares of the financial services provider’s stock valued at $60,067,000 after buying an additional 853,000 shares during the period. Northern Trust Corp increased its stake in shares of The Liberty Braves Group by 16.2% during the second quarter. Northern Trust Corp now owns 463,716 shares of the financial services provider’s stock valued at $12,876,000 after buying an additional 64,641 shares during the period. Millennium Management LLC purchased a new position in shares of The Liberty Braves Group during the second quarter valued at $1,202,000. Goldman Sachs Group Inc. increased its stake in shares of The Liberty Braves Group by 61.6% during the second quarter. Goldman Sachs Group Inc. now owns 100,752 shares of the financial services provider’s stock valued at $2,798,000 after buying an additional 38,420 shares during the period. Finally, Eagle Asset Management Inc. increased its stake in shares of The Liberty Braves Group by 34.4% during the second quarter. Eagle Asset Management Inc. now owns 146,049 shares of the financial services provider’s stock valued at $4,055,000 after buying an additional 37,376 shares during the period. Hedge funds and other institutional investors own 76.68% of the company’s stock.
A number of equities research analysts recently weighed in on the company. Zacks Investment Research downgraded The Liberty Braves Group from a “buy” rating to a “hold” rating in a research report on Monday, October 11th. TheStreet raised The Liberty Braves Group from a “d” rating to a “c-” rating in a research report on Wednesday, November 10th.
The Liberty Braves Group stock opened at $25.97 on Wednesday. The Liberty Braves Group has a 52 week low of $24.60 and a 52 week high of $31.76. The firm has a market capitalization of $1.06 billion, a P/E ratio of -33.46 and a beta of 0.90. The business’s 50-day moving average price is $28.33.
The Liberty Braves Group (NASDAQ:BATRK) last released its earnings results on Thursday, November 4th. The financial services provider reported $0.39 EPS for the quarter, topping the Zacks’ consensus estimate of $0.04 by $0.35. The firm had revenue of $234.00 million for the quarter.
About The Liberty Braves Group
Liberty Media Corp. engages in the operation media, communications, and entertainment businesses. It operates through the following segments: Sirius XM Holdings, Formula 1, and Corporate and Other. The Sirius XM Holdings segment refers to the complementary audio entertainment businesses, Sirius XM and Pandora.
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