Liberty Braves Group Series C (NASDAQ:BATRK) Upgraded to “Buy” by Zacks Investment Research

Zacks Investment Research upgraded shares of Liberty Braves Group Series C (NASDAQ:BATRK) from a hold rating to a buy rating in a research note released on Tuesday, Zacks.com reports. They currently have $24.00 target price on the financial services provider’s stock.

According to Zacks, “Liberty Braves Group owns and operates Atlanta Braves Major League Baseball club, stadium and associated real estate projects. Liberty Braves Group is based in the United States. “

A number of other research analysts have also recently commented on BATRK. TheStreet cut shares of Liberty Braves Group Series C from a c- rating to a d+ rating in a research report on Thursday, March 19th. ValuEngine raised shares of Liberty Braves Group Series C from a hold rating to a buy rating in a research report on Wednesday, March 18th. Finally, Morgan Stanley reduced their target price on shares of Liberty Braves Group Series C from $28.00 to $19.00 and set an equal weight rating on the stock in a research report on Tuesday, March 17th.

Shares of BATRK stock opened at $21.13 on Tuesday. Liberty Braves Group Series C has a fifty-two week low of $13.20 and a fifty-two week high of $30.03. The firm’s 50 day moving average price is $18.66 and its two-hundred day moving average price is $24.94.

Liberty Braves Group Series C (NASDAQ:BATRK) last announced its quarterly earnings results on Wednesday, February 26th. The financial services provider reported ($0.86) earnings per share for the quarter, missing analysts’ consensus estimates of $0.77 by ($1.63). The business had revenue of $34.00 million for the quarter. As a group, equities research analysts anticipate that Liberty Braves Group Series C will post -3.83 earnings per share for the current fiscal year.

Several large investors have recently modified their holdings of the stock. Gabelli Funds LLC increased its stake in shares of Liberty Braves Group Series C by 2.9% in the first quarter. Gabelli Funds LLC now owns 979,846 shares of the financial services provider’s stock worth $18,676,000 after buying an additional 27,665 shares during the last quarter. State Street Corp increased its stake in shares of Liberty Braves Group Series C by 1.0% in the fourth quarter. State Street Corp now owns 736,793 shares of the financial services provider’s stock worth $21,765,000 after buying an additional 7,253 shares during the last quarter. Principal Financial Group Inc. increased its stake in Liberty Braves Group Series C by 0.8% during the first quarter. Principal Financial Group Inc. now owns 726,750 shares of the financial services provider’s stock valued at $13,852,000 after purchasing an additional 5,432 shares during the last quarter. Geode Capital Management LLC increased its stake in Liberty Braves Group Series C by 7.3% during the first quarter. Geode Capital Management LLC now owns 588,228 shares of the financial services provider’s stock valued at $11,210,000 after purchasing an additional 39,902 shares during the last quarter. Finally, ThornTree Capital Partners LP bought a new stake in Liberty Braves Group Series C during the first quarter valued at $9,522,000. Institutional investors and hedge funds own 74.10% of the company’s stock.

Liberty Braves Group Series C 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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