Atlanta Braves Holdings, Inc. $BATRK Shares Acquired by Highbridge Capital Management LLC

Highbridge Capital Management LLC lifted its holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 34.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 393,633 shares of the financial services provider’s stock after acquiring an additional 101,765 shares during the quarter. Highbridge Capital Management LLC owned 0.76% of Atlanta Braves worth $16,371,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BATRK. Vanguard Group Inc. grew its holdings in Atlanta Braves by 1.0% during the third quarter. Vanguard Group Inc. now owns 2,472,019 shares of the financial services provider’s stock worth $102,811,000 after acquiring an additional 23,694 shares during the period. Gamco Investors INC. ET AL increased its holdings in shares of Atlanta Braves by 1.2% during the 2nd quarter. Gamco Investors INC. ET AL now owns 1,452,088 shares of the financial services provider’s stock valued at $67,914,000 after purchasing an additional 16,663 shares in the last quarter. Harvey Partners LLC grew its position in Atlanta Braves by 7.3% during the second quarter. Harvey Partners LLC now owns 709,386 shares of the financial services provider’s stock valued at $33,178,000 after buying an additional 48,386 shares during the period. Dendur Capital LP purchased a new position in Atlanta Braves in the second quarter valued at $20,111,000. Finally, HBK Investments L P raised its position in shares of Atlanta Braves by 5.6% in the second quarter. HBK Investments L P now owns 420,898 shares of the financial services provider’s stock worth $19,685,000 after acquiring an additional 22,478 shares during the period. Hedge funds and other institutional investors own 64.88% of the company’s stock.

Atlanta Braves Price Performance

Shares of BATRK stock opened at $43.13 on Friday. The firm has a market cap of $2.23 billion, a PE ratio of -1,077.98 and a beta of 0.61. Atlanta Braves Holdings, Inc. has a 1-year low of $35.46 and a 1-year high of $47.18. The company has a 50-day moving average of $40.21 and a two-hundred day moving average of $40.75.

Insider Buying and Selling at Atlanta Braves

In other Atlanta Braves news, major shareholder John C. Malone purchased 35,000 shares of the firm’s stock in a transaction on Thursday, February 5th. The stock was bought at an average price of $44.23 per share, with a total value of $1,548,050.00. Following the transaction, the insider directly owned 521,862 shares of the company’s stock, valued at approximately $23,081,956.26. This represents a 7.19% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 11.43% of the company’s stock.

Analyst Ratings Changes

BATRK has been the topic of a number of analyst reports. Rosenblatt Securities restated a “buy” rating and set a $69.00 target price on shares of Atlanta Braves in a research report on Tuesday, December 2nd. Zacks Research cut Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 3rd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Atlanta Braves in a research note on Monday, December 29th. Finally, Wall Street Zen raised shares of Atlanta Braves from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $57.00.

About Atlanta Braves

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.