Greenland Capital Management LP Boosts Stock Position in Atlanta Braves Holdings, Inc. $BATRK

Greenland Capital Management LP increased its stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 33.0% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 128,667 shares of the financial services provider’s stock after acquiring an additional 31,906 shares during the period. Greenland Capital Management LP owned approximately 0.25% of Atlanta Braves worth $6,018,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. CWM LLC increased its holdings in Atlanta Braves by 56.4% in the first quarter. CWM LLC now owns 824 shares of the financial services provider’s stock valued at $33,000 after buying an additional 297 shares during the last quarter. Cullen Frost Bankers Inc. purchased a new stake in Atlanta Braves during the 2nd quarter worth about $45,000. Comerica Bank boosted its position in shares of Atlanta Braves by 44.8% during the 1st quarter. Comerica Bank now owns 1,031 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 319 shares in the last quarter. Summit Securities Group LLC purchased a new position in shares of Atlanta Braves in the 1st quarter valued at about $60,000. Finally, Signaturefd LLC increased its holdings in shares of Atlanta Braves by 28.4% in the 2nd quarter. Signaturefd LLC now owns 2,020 shares of the financial services provider’s stock valued at $94,000 after acquiring an additional 447 shares during the last quarter. 64.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

BATRK has been the subject of several recent analyst reports. Wall Street Zen cut Atlanta Braves from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Zacks Research raised shares of Atlanta Braves from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Atlanta Braves in a report on Thursday, November 13th. 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 issued a Sell rating to the stock. According to MarketBeat, Atlanta Braves presently has an average rating of “Moderate Buy” and a consensus target price of $57.00.

Insider Buying and Selling at Atlanta Braves

In other news, major shareholder John C. Malone bought 840 shares of Atlanta Braves stock in a transaction that occurred on Monday, October 27th. The shares were purchased at an average price of $41.99 per share, for a total transaction of $35,271.60. Following the completion of the acquisition, the insider owned 372,547 shares of the company’s stock, valued at $15,643,248.53. The trade was a 0.23% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder Gamco Investors, Inc. Et Al sold 1,100 shares of the business’s stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $45.19, for a total value of $49,709.00. Following the sale, the insider directly owned 1,800 shares of the company’s stock, valued at approximately $81,342. This trade represents a 37.93% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,700 shares of company stock worth $167,859 over the last ninety days.

Atlanta Braves Stock Performance

BATRK stock opened at $38.05 on Wednesday. The stock has a market capitalization of $1.96 billion, a PE ratio of -951.01 and a beta of 0.61. Atlanta Braves Holdings, Inc. has a one year low of $35.46 and a one year high of $47.18. The company has a fifty day moving average of $40.30 and a 200-day moving average of $42.53.

Atlanta Braves (NASDAQ:BATRK) last released its earnings results on Wednesday, November 5th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.23. The business had revenue of $311.54 million for the quarter, compared to analyst estimates of $309.06 million. Equities analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current fiscal year.

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.