Atlanta Braves Holdings, Inc. $BATRK Shares Acquired by River Road Asset Management LLC

River Road Asset Management LLC boosted its holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) by 86.0% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 218,897 shares of the financial services provider's stock after purchasing an additional 101,189 shares during the period. River Road Asset Management LLC owned about 0.43% of Atlanta Braves worth $9,754,000 at the end of the most recent reporting period.

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Other hedge funds and other institutional investors also recently bought and sold shares of the company. CWM LLC raised its position in shares of Atlanta Braves by 56.4% in the 1st quarter. CWM LLC now owns 824 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 297 shares in the last quarter. Comerica Bank increased its stake in shares of Atlanta Braves by 44.8% in the first quarter. Comerica Bank now owns 1,031 shares of the financial services provider's stock worth $41,000 after buying an additional 319 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new stake in Atlanta Braves in the second quarter valued at $45,000. Summit Securities Group LLC bought a new position in Atlanta Braves during the 1st quarter valued at $60,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new position in Atlanta Braves during the 1st quarter worth $84,000. 64.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

BATRK has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of Atlanta Braves from a "hold" rating to a "strong-buy" rating in a research note on Thursday, November 6th. Wall Street Zen cut Atlanta Braves from a "hold" rating to a "sell" rating in a research note on Saturday, November 8th. Finally, Weiss Ratings reaffirmed a "sell (d)" rating on shares of Atlanta Braves in a report on Wednesday, November 19th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $57.00.

Get Our Latest Research Report on BATRK

Insider Activity at Atlanta Braves

In other Atlanta Braves news, major shareholder Gamco Investors, Inc. Et Al sold 800 shares of the firm's stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $45.41, for a total value of $36,328.00. Following the sale, the insider directly owned 1,000 shares in the company, valued at approximately $45,410. This trade represents a 44.44% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, major shareholder John C. Malone purchased 4,631 shares of Atlanta Braves stock in a transaction dated Tuesday, November 18th. The shares were purchased at an average cost of $41.99 per share, with a total value of $194,455.69. Following the acquisition, the insider owned 484,603 shares of the company's stock, valued at approximately $20,348,479.97. This trade represents a 0.96% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders purchased 67,236 shares of company stock worth $2,822,097 and sold 3,700 shares worth $167,859.

Atlanta Braves Stock Performance

NASDAQ BATRK opened at $39.54 on Tuesday. Atlanta Braves Holdings, Inc. has a one year low of $35.46 and a one year high of $47.18. The company has a 50-day simple moving average of $39.80 and a 200-day simple moving average of $42.42. The firm has a market capitalization of $2.04 billion, a PE ratio of -988.25 and a beta of 0.62.

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

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