GABELLI & Co INVESTMENT ADVISERS INC. Acquires New Position in The Liberty Braves Group (NASDAQ:BATRA)

GABELLI & Co INVESTMENT ADVISERS INC. acquired a new stake in The Liberty Braves Group (NASDAQ:BATRA – Get Rating) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 7,010 shares of the financial services provider’s stock, valued at approximately $202,000. GABELLI & Co INVESTMENT ADVISERS INC. owned 0.07% of The Liberty Braves Group as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Spire Wealth Management lifted its position in The Liberty Braves Group by 42.8% in the fourth quarter. Spire Wealth Management now owns 1,262 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 378 shares during the period. BNP Paribas Arbitrage SA acquired a new stake in shares of The Liberty Braves Group during the 3rd quarter valued at approximately $51,000. Moors & Cabot Inc. acquired a new stake in shares of The Liberty Braves Group during the 3rd quarter valued at approximately $59,000. Metropolitan Life Insurance Co NY acquired a new stake in shares of The Liberty Braves Group during the 3rd quarter valued at approximately $76,000. Finally, Citigroup Inc. lifted its position in shares of The Liberty Braves Group by 104.2% during the 4th quarter. Citigroup Inc. now owns 2,708 shares of the financial services provider’s stock valued at $78,000 after acquiring an additional 1,382 shares during the period. Hedge funds and other institutional investors own 81.60% of the company’s stock.

Separately, TheStreet downgraded shares of The Liberty Braves Group from a “c-” rating to a “d+” rating in a research report on Monday, February 7th.

In other news, major shareholder Gamco Investors, Inc. Et Al acquired 5,000 shares of the stock in a transaction on Wednesday, April 20th. The shares were purchased at an average cost of $28.02 per share, for a total transaction of $140,100.00. Following the transaction, the insider now owns 5,000 shares in the company, valued at approximately $140,100. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Over the last quarter, insiders have acquired 12,000 shares of company stock worth $328,850.

BATRA stock traded up $0.07 during midday trading on Friday, hitting $26.20. The stock had a trading volume of 117,925 shares, compared to its average volume of 79,820. The company has a debt-to-equity ratio of 0.92, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market cap of $270.12 million, a PE ratio of 93.57 and a beta of 0.91. The Liberty Braves Group has a 12-month low of $24.50 and a 12-month high of $32.69. The company’s 50-day moving average price is $27.27 and its 200 day moving average price is $27.64.

The Liberty Braves Group (NASDAQ:BATRA – Get Rating) last posted its quarterly earnings results on Friday, February 25th. The financial services provider reported ($0.25) earnings per share (EPS) for the quarter. The business had revenue of $102.00 million during the quarter. The Liberty Braves Group had a return on equity of 0.19% and a net margin of 6.09%.

The Liberty Braves Group Profile (Get Rating)

The Liberty Braves Group, through its subsidiary, Braves Holdings, LLC, owns the Atlanta Braves Major League Baseball Club, various assets and liabilities associated with ANLBC's 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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