Bitcoin price today: falls to 2-week low below $113k ahead of Fed Jackson Hole
Liberty Media Corp’s stock, trading under the ticker BATRA, reached a 52-week high of 46.68 USD, marking a significant milestone for the $2.91 billion market cap company. According to InvestingPro data, the stock trades at a notably high EV/EBITDA multiple of 121x. This new peak reflects strong momentum, with the stock delivering impressive returns of ~13% over the past six months and 11.5% year-to-date. The increase in stock value suggests growing investor confidence and potentially favorable market conditions for Liberty Media Corp. The company’s ability to achieve this 52-week high may be attributed to strategic business decisions and market trends that have positively influenced investor sentiment. InvestingPro subscribers can access 8 additional key insights about BATRA’s valuation and financial health in the comprehensive Pro Research Report.
In other recent news, Atlanta Braves Holdings announced the results of its Annual Meeting of Stockholders. Key decisions included the election of two Class II directors, Terence F. McGuirk and Diana M. Murphy, who will serve until the 2028 Annual Meeting. Additionally, KPMG was ratified as the independent auditor for the fiscal year ending December 31, 2025. These outcomes were detailed in the company’s recent SEC filing. Meanwhile, Benchmark analyst Matthew Harrigan maintained a Buy rating on Liberty Braves Group, setting a price target of $60. Harrigan highlighted the strong valuation of major sports teams, citing the $3.6 billion valuation of the Portland Trail Blazers. Liberty Braves Group, owning the Atlanta Braves, is valued at $3 billion, ranking it as the eighth most expensive MLB team according to Forbes. This valuation reflects broader trends in the sports industry, where team values have seen significant growth.
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