First Bank & Trust Buys 452 Shares of Atlanta Braves Holdings, Inc. $BATRK

First Bank & Trust boosted its stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 6.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,132 shares of the financial services provider’s stock after acquiring an additional 452 shares during the period. First Bank & Trust’s holdings in Atlanta Braves were worth $334,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in BATRK. Ameriprise Financial Inc. boosted its holdings in Atlanta Braves by 2.0% in the fourth quarter. Ameriprise Financial Inc. now owns 178,739 shares of the financial services provider’s stock valued at $6,838,000 after acquiring an additional 3,438 shares during the last quarter. BNP Paribas Financial Markets bought a new stake in Atlanta Braves in the fourth quarter valued at approximately $721,000. Bank of America Corp DE boosted its holdings in Atlanta Braves by 34.6% in the fourth quarter. Bank of America Corp DE now owns 75,907 shares of the financial services provider’s stock valued at $2,904,000 after acquiring an additional 19,529 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its holdings in Atlanta Braves by 175.3% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 44,854 shares of the financial services provider’s stock valued at $1,716,000 after acquiring an additional 28,561 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Atlanta Braves by 3.9% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 28,537 shares of the financial services provider’s stock valued at $1,092,000 after buying an additional 1,063 shares during the period. 64.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Atlanta Braves

In related news, EVP Derek Gordon Schiller sold 30,000 shares of the stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $45.50, for a total transaction of $1,365,000.00. Following the sale, the executive vice president owned 300,233 shares of the company’s stock, valued at approximately $13,660,601.50. This represents a 9.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

Analyst Ratings Changes

Several equities analysts have issued reports on BATRK shares. Citigroup raised Atlanta Braves to a “hold” rating and set a $45.00 price target on the stock in a research note on Friday, June 13th. Rosenblatt Securities upped their price target on Atlanta Braves from $52.00 to $69.00 and gave the stock a “buy” rating in a report on Friday, June 20th. Finally, Wall Street Zen upgraded Atlanta Braves from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $57.00.

Atlanta Braves Stock Performance

BATRK stock opened at $41.52 on Wednesday. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of -118.63 and a beta of 0.67. Atlanta Braves Holdings, Inc. has a fifty-two week low of $35.46 and a fifty-two week high of $47.18. The stock has a fifty day moving average of $44.50 and a 200-day moving average of $42.13.

Atlanta Braves (NASDAQ:BATRK) last posted its quarterly earnings results on Thursday, August 7th. The financial services provider reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.18). The firm had revenue of $312.44 million during the quarter, compared to the consensus estimate of $296.36 million. Equities analysts predict that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.

About Atlanta Braves

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.