Zacks Investment Research cut shares of Liberty Media Corporation (NASDAQ:BATRK) from a buy rating to a hold rating in a research report released on Tuesday.

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 restated an underweight rating and set a $22.00 target price (up previously from $17.00) on shares of Liberty Media Corporation in a research note on Thursday, June 1st.

Shares of Liberty Media Corporation (NASDAQ:BATRK) opened at 25.32 on Tuesday. Liberty Media Corporation has a 12-month low of $15.21 and a 12-month high of $25.97. The company’s 50-day moving average is $24.09 and its 200-day moving average is $23.04. The stock’s market cap is $1.25 billion.

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Several large investors have recently added to or reduced their stakes in BATRK. Marshall Wace North America L.P. raised its stake in Liberty Media Corporation by 553.0% in the second quarter. Marshall Wace North America L.P. now owns 70,136 shares of the financial services provider’s stock valued at $1,683,000 after buying an additional 59,395 shares during the last quarter. Gamco Investors INC. ET AL raised its stake in Liberty Media Corporation by 68.7% in the second quarter. Gamco Investors INC. ET AL now owns 1,422,242 shares of the financial services provider’s stock valued at $34,091,000 after buying an additional 579,042 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. raised its stake in Liberty Media Corporation by 6.2% in the second quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 11,339 shares of the financial services provider’s stock valued at $272,000 after buying an additional 661 shares during the last quarter. Rhumbline Advisers raised its stake in Liberty Media Corporation by 1.7% in the second quarter. Rhumbline Advisers now owns 40,286 shares of the financial services provider’s stock valued at $966,000 after buying an additional 658 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. raised its stake in Liberty Media Corporation by 1.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 141,019 shares of the financial services provider’s stock valued at $3,381,000 after buying an additional 1,405 shares during the last quarter. 71.45% of the stock is owned by hedge funds and other 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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