Zacks Investment Research Downgrades Liberty Media Corporation (NASDAQ:BATRK) to Hold

Liberty Media Corporation (NASDAQ:BATRK) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday, August 1st.

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. “

Separately, Morgan Stanley reaffirmed an “underweight” rating and set a $22.00 target price (up previously from $17.00) on shares of Liberty Media Corporation in a report on Thursday, June 1st.

Shares of Liberty Media Corporation (NASDAQ BATRK) traded down 0.12% on Tuesday, hitting $24.35. 176,410 shares of the stock traded hands. The firm’s market capitalization is $1.20 billion. The firm’s 50 day moving average is $24.52 and its 200 day moving average is $23.37. Liberty Media Corporation has a 52 week low of $16.18 and a 52 week high of $25.97.

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Several hedge funds and other institutional investors have recently modified their holdings of the company. FNY Partners Fund LP acquired a new position in shares of Liberty Media Corporation during the first quarter valued at approximately $130,000. US Bancorp DE raised its position in shares of Liberty Media Corporation by 64.7% in the first quarter. US Bancorp DE now owns 7,746 shares of the financial services provider’s stock valued at $182,000 after buying an additional 3,042 shares during the last quarter. Seizert Capital Partners LLC acquired a new position in shares of Liberty Media Corporation during the first quarter valued at approximately $210,000. OxFORD Asset Management LLP acquired a new position in shares of Liberty Media Corporation during the second quarter valued at approximately $213,000. Finally, MARSHALL WACE ASIA Ltd acquired a new position in shares of Liberty Media Corporation during the first quarter valued at approximately $258,000. 72.96% of the stock is owned by institutional investors.

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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