Atlanta Braves (NASDAQ:BATRK) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of Atlanta Braves (NASDAQ:BATRK) from a sell rating to a hold rating in a research report report published on Saturday morning.

A number of other research analysts have also recently commented on BATRK. Weiss Ratings reissued a “sell (d-)” rating on shares of Atlanta Braves in a research note on Monday, December 1st. Rosenblatt Securities reiterated a “buy” rating and set a $69.00 price objective on shares of Atlanta Braves in a research report on Tuesday, December 2nd. Finally, Zacks Research upgraded Atlanta Braves from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Atlanta Braves currently has an average rating of “Moderate Buy” and a consensus price target of $57.00.

Atlanta Braves Trading Up 0.1%

Shares of BATRK opened at $38.64 on Friday. Atlanta Braves has a 12-month low of $35.46 and a 12-month high of $47.18. The company has a market cap of $1.99 billion, a PE ratio of -965.76 and a beta of 0.62. The stock has a 50-day moving average price of $39.60 and a 200-day moving average price of $42.33.

Atlanta Braves (NASDAQ:BATRK) last announced its earnings results on Wednesday, November 5th. The financial services provider reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.23. The company had revenue of $311.54 million during the quarter, compared to analysts’ expectations of $309.06 million. As a group, analysts predict that Atlanta Braves will post -0.89 earnings per share for the current year.

Insider Activity

In other news, major shareholder Gamco Investors, Inc. Et Al sold 1,100 shares of the business’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $45.19, for a total value of $49,709.00. Following the completion of the sale, the insider owned 1,800 shares of the company’s stock, valued at approximately $81,342. The trade was a 37.93% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, major shareholder John C. Malone bought 28,567 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were bought at an average price of $41.97 per share, with a total value of $1,198,956.99. Following the completion of the acquisition, the insider directly owned 479,972 shares in the company, valued at $20,144,424.84. This trade represents a 6.33% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. In the last quarter, insiders bought 67,236 shares of company stock worth $2,822,097 and sold 3,700 shares worth $167,859. 11.43% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of BATRK. Quent Capital LLC purchased a new stake in Atlanta Braves in the 3rd quarter worth approximately $28,000. EverSource Wealth Advisors LLC raised its holdings in shares of Atlanta Braves by 956.1% during the second quarter. EverSource Wealth Advisors LLC now owns 697 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 631 shares in the last quarter. First Horizon Corp purchased a new stake in Atlanta Braves in the third quarter worth $30,000. Farther Finance Advisors LLC lifted its stake in Atlanta Braves by 701.1% in the third quarter. Farther Finance Advisors LLC now owns 761 shares of the financial services provider’s stock worth $32,000 after acquiring an additional 666 shares during the period. Finally, Jones Financial Companies Lllp boosted its holdings in Atlanta Braves by 218.3% in the third quarter. Jones Financial Companies Lllp now owns 799 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 548 shares in the last quarter. Institutional investors own 64.88% of the company’s stock.

Atlanta Braves Company Profile

Atlanta Braves Holdings, Inc owns and operates the Atlanta Braves Major league baseball club. It also operates mixed-use development project, including retail, office, hotel, and entertainment projects. The company was incorporated in 2022 and is based in Englewood, Colorado.