Liberty Braves Group Series C (NASDAQ:BATRK) Sees Significant Drop in Short Interest

Liberty Braves Group Series C (NASDAQ:BATRK) was the target of a significant decrease in short interest in September. As of September 30th, there was short interest totalling 291,300 shares, a decrease of 22.2% from the August 30th total of 374,500 shares. Based on an average daily volume of 80,400 shares, the days-to-cover ratio is currently 3.6 days. Approximately 0.8% of the shares of the company are short sold.

A number of brokerages recently commented on BATRK. ValuEngine lowered Liberty Braves Group Series C from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Zacks Investment Research upgraded Liberty Braves Group Series C from a “sell” rating to a “hold” rating in a research note on Tuesday, October 8th.

A number of large investors have recently made changes to their positions in the business. Norman Fields Gottscho Capital Management LLC grew its position in Liberty Braves Group Series C by 0.8% in the third quarter. Norman Fields Gottscho Capital Management LLC now owns 114,015 shares of the financial services provider’s stock valued at $3,164,000 after acquiring an additional 850 shares during the period. Chartwell Investment Partners LLC grew its position in Liberty Braves Group Series C by 56.9% in the second quarter. Chartwell Investment Partners LLC now owns 36,502 shares of the financial services provider’s stock valued at $1,021,000 after acquiring an additional 13,240 shares during the period. Royal Bank of Canada grew its position in Liberty Braves Group Series C by 52.6% in the second quarter. Royal Bank of Canada now owns 5,587 shares of the financial services provider’s stock valued at $157,000 after acquiring an additional 1,926 shares during the period. Zacks Investment Management grew its position in Liberty Braves Group Series C by 4.8% in the second quarter. Zacks Investment Management now owns 68,135 shares of the financial services provider’s stock valued at $1,906,000 after acquiring an additional 3,115 shares during the period. Finally, Advisors Capital Management LLC bought a new stake in Liberty Braves Group Series C in the second quarter valued at $284,000. Hedge funds and other institutional investors own 75.44% of the company’s stock.

Shares of NASDAQ BATRK traded down $0.26 during trading hours on Monday, reaching $27.25. The stock had a trading volume of 33,446 shares, compared to its average volume of 112,178. The business’s fifty day moving average is $28.06 and its two-hundred day moving average is $27.81. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 272.50 and a beta of 0.78. Liberty Braves Group Series C has a twelve month low of $23.44 and a twelve month high of $30.03.

Liberty Braves Group Series C (NASDAQ:BATRK) last issued its earnings results on Thursday, August 8th. The financial services provider reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.84 by ($0.38). The company had revenue of $208.00 million during the quarter. Research analysts predict that Liberty Braves Group Series C will post -0.67 earnings per share for the current year.

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.

Recommended Story: What Is An Exchange-Traded Fund (ETF)?

Receive News & Ratings for Liberty Braves Group Series C Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Liberty Braves Group Series C and related companies with MarketBeat.com's FREE daily email newsletter.