Zacks: Liberty Media Corporation (NASDAQ:BATRK) Given Consensus Recommendation of “Sell” by Brokerages
Liberty Media Corporation (NASDAQ:BATRK) has been given an average broker rating score of 4.30 (Sell) from the one brokers that provide coverage for the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong sell rating.
Brokerages have set a twelve-month consensus price objective of $22.00 for the company and are anticipating that the company will post $0.04 EPS for the current quarter, according to Zacks. Zacks has also given Liberty Media Corporation an industry rank of 51 out of 265 based on the ratings given to related companies.
Several research analysts have commented on BATRK shares. Zacks Investment Research raised shares of Liberty Media Corporation from a “sell” rating to a “hold” rating in a report on Monday, March 27th. Morgan Stanley reaffirmed an “underweight” rating and issued a $22.00 price target (up previously from $17.00) on shares of Liberty Media Corporation in a report on Thursday, June 1st.
Several hedge funds and other institutional investors have recently made changes to their positions in BATRK. Norman Fields Gottscho Capital Management LLC increased its position in shares of Liberty Media Corporation by 0.5% in the second quarter. Norman Fields Gottscho Capital Management LLC now owns 96,625 shares of the financial services provider’s stock worth $2,316,000 after buying an additional 500 shares during the last quarter. FNY Partners Fund LP acquired a new position in shares of Liberty Media Corporation during the first quarter worth approximately $130,000. Park West Asset Management LLC acquired a new position in shares of Liberty Media Corporation during the first quarter worth approximately $27,141,000. potrero capital research llc increased its position in shares of Liberty Media Corporation by 1.2% in the first quarter. potrero capital research llc now owns 248,737 shares of the financial services provider’s stock worth $5,883,000 after buying an additional 2,982 shares during the last quarter. Finally, State Street Corp increased its position in shares of Liberty Media Corporation by 0.3% in the first quarter. State Street Corp now owns 604,413 shares of the financial services provider’s stock worth $14,293,000 after buying an additional 1,574 shares during the last quarter. 71.45% of the stock is owned by hedge funds and other institutional investors.
Shares of Liberty Media Corporation (BATRK) opened at 23.88 on Monday. The company’s 50-day moving average price is $23.81 and its 200 day moving average price is $22.41. The company’s market cap is $1.18 billion. Liberty Media Corporation has a 1-year low of $15.21 and a 1-year high of $25.38.
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Liberty Media Corporation Company Profile
Liberty Media Corporation owns interests in subsidiaries and other companies, which are engaged in the media and entertainment industries. The Company’s principal businesses and assets include its consolidated subsidiaries Sirius XM Holdings Inc (SIRIUS XM) and Braves Holdings, LLC (Braves Holdings), and its equity affiliate Live Nation Entertainment, Inc (Live Nation).
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