Beasley Broadcast Group (NASDAQ:BBGI – Get Free Report) was upgraded by equities research analysts at Zacks Research to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.
A number of other equities research analysts also recently issued reports on BBGI. Noble Financial upgraded shares of Beasley Broadcast Group to a “strong-buy” rating in a research report on Tuesday. Wall Street Zen upgraded shares of Beasley Broadcast Group to a “hold” rating in a report on Saturday, May 23rd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Beasley Broadcast Group in a report on Wednesday, July 8th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Beasley Broadcast Group presently has a consensus rating of “Hold”.
Check Out Our Latest Research Report on Beasley Broadcast Group
Beasley Broadcast Group Price Performance
Beasley Broadcast Group (NASDAQ:BBGI – Get Free Report) last posted its quarterly earnings results on Wednesday, May 13th. The company reported $1.77 EPS for the quarter. The business had revenue of $42.59 million during the quarter. Beasley Broadcast Group had a negative net margin of 95.51% and a negative return on equity of 27.43%. Equities research analysts expect that Beasley Broadcast Group will post 2.25 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Beasley Broadcast Group
Institutional investors have recently bought and sold shares of the stock. Gamco Investors INC. ET AL raised its stake in shares of Beasley Broadcast Group by 22.3% in the 3rd quarter. Gamco Investors INC. ET AL now owns 56,154 shares of the company’s stock valued at $296,000 after acquiring an additional 10,238 shares in the last quarter. HRT Financial LP acquired a new stake in shares of Beasley Broadcast Group in the fourth quarter worth $129,000. Susquehanna International Group LLP acquired a new position in Beasley Broadcast Group during the 3rd quarter valued at $85,000. Finally, Osaic Holdings Inc. bought a new stake in Beasley Broadcast Group in the 2nd quarter valued at $83,000. 21.73% of the stock is currently owned by institutional investors.
Beasley Broadcast Group Company Profile
Beasley Broadcast Group, Inc is a diversified media company primarily engaged in the ownership, operation and licensing of radio broadcast stations across the United States. Headquartered in Naples, Florida, the company provides local and regional audiences with a mix of music, news, talk and sports programming designed to serve diverse demographic markets. Through its portfolio of stations, Beasley generates advertising revenues by offering on-air spots, sponsorships and promotional partnerships to national and local advertisers.
In addition to traditional over-the-air programming, Beasley Broadcast Group offers digital services that include live audio streaming, podcast production, mobile apps and website content for many of its radio brands.
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