Highbridge Capital Management LLC Acquires 32,527 Shares of Atlanta Braves Holdings, Inc. $BATRK

Highbridge Capital Management LLC boosted its holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 8.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 426,160 shares of the financial services provider’s stock after acquiring an additional 32,527 shares during the period. Highbridge Capital Management LLC owned 0.83% of Atlanta Braves worth $16,812,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC raised its stake in Atlanta Braves by 956.1% in the 2nd 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 during the period. Jones Financial Companies Lllp raised its stake in Atlanta Braves by 218.3% in the 3rd 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 during the period. Advisory Services Network LLC bought a new stake in Atlanta Braves in the 3rd quarter valued at $34,000. Comerica Bank raised its stake in Atlanta Braves by 44.8% in the 1st quarter. Comerica Bank now owns 1,031 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 319 shares during the period. Finally, Osaic Holdings Inc. raised its stake in Atlanta Braves by 38.1% in the 2nd quarter. Osaic Holdings Inc. now owns 1,464 shares of the financial services provider’s stock valued at $68,000 after acquiring an additional 404 shares during the period. Institutional investors own 64.88% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Wall Street Zen upgraded Atlanta Braves from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Zacks Research cut Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Atlanta Braves in a research report on Friday, March 27th. Finally, Rosenblatt Securities increased their price objective on Atlanta Braves from $69.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $60.00.

Atlanta Braves Price Performance

BATRK stock opened at $49.59 on Friday. The stock has a market capitalization of $2.62 billion, a price-to-earnings ratio of -137.75 and a beta of 0.71. The business’s fifty day moving average price is $47.77 and its two-hundred day moving average price is $43.15. Atlanta Braves Holdings, Inc. has a fifty-two week low of $37.76 and a fifty-two week high of $52.05.

Atlanta Braves (NASDAQ:BATRK) last posted its quarterly earnings data on Monday, May 11th. The financial services provider reported ($0.63) earnings per share for the quarter, topping the consensus estimate of ($0.83) by $0.20. The firm had revenue of $72.01 million for the quarter, compared to the consensus estimate of $64.60 million. Research analysts expect that Atlanta Braves Holdings, Inc. will post 0.02 EPS for the current year.

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.