Atlanta Braves Holdings, Inc. $BATRK Shares Bought by Harvey Partners LLC

Harvey Partners LLC lifted its position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 4.5% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 741,500 shares of the financial services provider’s stock after buying an additional 32,114 shares during the quarter. Atlanta Braves makes up 2.7% of Harvey Partners LLC’s investment portfolio, making the stock its 16th largest position. Harvey Partners LLC owned about 1.44% of Atlanta Braves worth $30,839,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Comerica Bank boosted its position in Atlanta Braves by 44.8% during the first quarter. Comerica Bank now owns 1,031 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 319 shares during the last quarter. AQR Capital Management LLC acquired a new position in Atlanta Braves in the 1st quarter valued at $382,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Atlanta Braves by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,839 shares of the financial services provider’s stock worth $1,194,000 after purchasing an additional 1,302 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of Atlanta Braves by 12,972.7% during the 1st quarter. Jones Financial Companies Lllp now owns 18,694 shares of the financial services provider’s stock worth $748,000 after purchasing an additional 18,551 shares during the period. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Atlanta Braves by 8.8% during the first quarter. Goldman Sachs Group Inc. now owns 269,383 shares of the financial services provider’s stock worth $10,778,000 after purchasing an additional 21,883 shares during the last quarter. Institutional investors and hedge funds own 64.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on BATRK shares. Zacks Research raised Atlanta Braves from a “hold” rating to a “strong-buy” rating in a research report on Thursday, March 5th. Rosenblatt Securities reaffirmed a “buy” rating and set a $69.00 price objective on shares of Atlanta Braves in a research note on Thursday, February 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Atlanta Braves in a report on Monday, December 29th. Finally, Wall Street Zen cut shares of Atlanta Braves from a “hold” rating to a “sell” rating in a research report on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $57.00.

Atlanta Braves Stock Up 0.4%

BATRK stock opened at $43.09 on Monday. The company has a market cap of $2.27 billion, a price-to-earnings ratio of -110.48 and a beta of 0.54. The business has a fifty day simple moving average of $41.38 and a 200-day simple moving average of $40.64. Atlanta Braves Holdings, Inc. has a 52 week low of $35.46 and a 52 week high of $47.18.

Atlanta Braves (NASDAQ:BATRK) last issued its earnings results on Wednesday, February 25th. The financial services provider reported ($0.28) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.66) by $0.38. The firm had revenue of $61.30 million during the quarter, compared to analyst estimates of $54.93 million. As a group, analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current fiscal year.

Insider Activity at Atlanta Braves

In other news, major shareholder John C. Malone acquired 35,000 shares of Atlanta Braves stock in a transaction dated Thursday, February 5th. The shares were acquired at an average cost of $44.23 per share, with a total value of $1,548,050.00. Following the purchase, the insider directly owned 521,862 shares of the company’s stock, valued at approximately $23,081,956.26. This trade represents a 7.19% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Atlanta Braves Profile

The Atlanta Braves Real Estate Ownership Trust (NASDAQ:BATRK) is a publicly traded real estate investment trust established in 2021 by Liberty Braves Group. The trust’s primary purpose is to own and manage a portfolio of sports and entertainment properties related to the Atlanta Braves baseball franchise. BATRK generates stable rental income by leasing its assets to the Braves Baseball Club, LLC, under long-term lease agreements designed to align property performance with franchise needs.

The trust’s portfolio is anchored by Truist Park, the 41,084-seat baseball stadium that has served as the Braves’ home since 2017.