12,072 Shares of Atlanta Braves Holdings, Inc. $BATRK Acquired by Fulcrum Asset Management LLP

Fulcrum Asset Management LLP acquired a new position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 12,072 shares of the financial services provider’s stock, valued at approximately $652,000.

Several other institutional investors also recently modified their holdings of the stock. Fifth Third Bancorp purchased a new stake in Atlanta Braves in the first quarter valued at approximately $35,000. Sterling Capital Management LLC lifted its position in Atlanta Braves by 838.9% during the third quarter. Sterling Capital Management LLC now owns 1,643 shares of the financial services provider’s stock valued at $87,000 after purchasing an additional 1,468 shares during the last quarter. State of Alaska Department of Revenue grew its stake in Atlanta Braves by 25.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 2,656 shares of the financial services provider’s stock worth $140,000 after buying an additional 537 shares in the last quarter. PNC Financial Services Group Inc. grew its stake in Atlanta Braves by 22.7% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,575 shares of the financial services provider’s stock worth $153,000 after buying an additional 662 shares in the last quarter. Finally, Kestra Advisory Services LLC purchased a new position in Atlanta Braves in the 3rd quarter worth approximately $201,000. 64.88% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on BATRK shares. Zacks Research lowered shares of Atlanta Braves from a “hold” rating to a “strong sell” rating in a report on Friday, November 6th. Wall Street Zen cut shares of Atlanta Braves from a “hold” rating to a “strong sell” rating in a research report on Saturday, August 8th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Atlanta Braves in a report on Monday, September 21st. Finally, Rosenblatt Securities lifted their price objective on shares of Atlanta Braves from $73.00 to $91.00 and gave the stock a “buy” rating in a report on Thursday. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $72.50.

Insider Transactions at Atlanta Braves

In related news, EVP Gregory Heller sold 80,263 shares of the business’s stock in a transaction that occurred on Tuesday, September 29th. The stock was sold at an average price of $53.89, for a total value of $4,325,373.07. Following the completion of the sale, the executive vice president owned 22,741 shares in the company, valued at $1,225,512.49. The trade was a 77.92% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Derek Schiller sold 175,395 shares of the business’s stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $53.20, for a total value of $9,331,014.00. Following the completion of the sale, the executive vice president owned 316,908 shares of the company’s stock, valued at $16,859,505.60. The trade was a 35.63% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 11.43% of the company’s stock.

Atlanta Braves Stock Up 0.2%

Shares of BATRK stock opened at $52.35 on Friday. The business has a 50-day moving average price of $51.18 and a two-hundred day moving average price of $48.58. Atlanta Braves Holdings, Inc. has a 12-month low of $37.76 and a 12-month high of $54.86.

Atlanta Braves (NASDAQ:BATRK) last announced its quarterly earnings data on Wednesday, November 4th. The financial services provider reported $0.15 EPS for the quarter, missing the consensus estimate of $0.48 by ($0.33). The firm had revenue of $324.63 million during the quarter, compared to analysts’ expectations of $348.00 million. On average, sell-side analysts forecast that Atlanta Braves Holdings, Inc. will post -0.73 EPS for the current year.

About Atlanta Braves

Atlanta Braves Holdings, Inc. owns and operates the Atlanta Braves, a professional baseball team in Major League Baseball’s National League. The organization generates business through its baseball operations and related activities, including ticket sales, sponsorships, broadcasting, concessions and merchandise. The Braves trace their history to the Boston Red Stockings, established in 1871, and are recognized as one of Major League Baseball’s oldest continuously operating franchises. The team moved to Milwaukee in 1953 and to Atlanta in 1966.