Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Get Free Report) reached a new 52-week high on Friday . The company traded as high as $46.98 and last traded at $46.78, with a volume of 831483 shares changing hands. The stock had previously closed at $46.56.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on BATRK. Rosenblatt Securities boosted their target price on Atlanta Braves from $52.00 to $69.00 and gave the company a "buy" rating in a research note on Friday, June 20th. Wall Street Zen raised Atlanta Braves from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, Citigroup raised Atlanta Braves to a "hold" rating and set a $45.00 target price for the company in a research note on Friday, June 13th.
Get Our Latest Research Report on Atlanta Braves
Atlanta Braves Stock Performance
The business has a 50-day simple moving average of $41.54 and a 200 day simple moving average of $39.72. The firm has a market cap of $2.40 billion, a P/E ratio of -133.65 and a beta of 0.54.
Atlanta Braves (NASDAQ:BATRK - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The financial services provider reported ($0.66) EPS for the quarter, beating analysts' consensus estimates of ($0.94) by $0.28. The business had revenue of $47.21 million for the quarter, compared to the consensus estimate of $36.87 million. On average, research analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.
Insider Buying and Selling at Atlanta Braves
In other Atlanta Braves news, EVP Derek Gordon Schiller sold 30,000 shares of the company's stock in a transaction that occurred on 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 transaction, the executive vice president now owns 300,233 shares in the company, valued at approximately $13,660,601.50. This represents a 9.08% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Mario J. Gabelli bought 1,549 shares of Atlanta Braves stock in a transaction on Wednesday, May 28th. The shares were purchased at an average price of $43.45 per share, for a total transaction of $67,304.05. Following the acquisition, the insider now directly owns 27,152 shares in the company, valued at approximately $1,179,754.40. This trade represents a 6.05% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders acquired 121,872 shares of company stock valued at $5,043,730 and sold 217,372 shares valued at $9,451,951. 11.43% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On Atlanta Braves
A number of institutional investors have recently modified their holdings of the stock. Aristeia Capital L.L.C. boosted its stake in Atlanta Braves by 2.3% during the 1st quarter. Aristeia Capital L.L.C. now owns 2,470,052 shares of the financial services provider's stock valued at $98,827,000 after purchasing an additional 55,690 shares during the last quarter. T. Rowe Price Investment Management Inc. boosted its stake in Atlanta Braves by 8.2% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,829,000 shares of the financial services provider's stock valued at $73,179,000 after purchasing an additional 138,111 shares during the last quarter. Broad Bay Capital Management LP boosted its stake in shares of Atlanta Braves by 24.3% in the 1st quarter. Broad Bay Capital Management LP now owns 1,732,882 shares of the financial services provider's stock worth $69,333,000 after buying an additional 338,655 shares during the last quarter. Gabelli Funds LLC boosted its stake in shares of Atlanta Braves by 3.7% in the 1st quarter. Gabelli Funds LLC now owns 1,473,271 shares of the financial services provider's stock worth $58,946,000 after buying an additional 52,777 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its stake in shares of Atlanta Braves by 1.5% in the 4th quarter. Gamco Investors INC. ET AL now owns 1,457,676 shares of the financial services provider's stock worth $55,771,000 after buying an additional 21,659 shares during the last quarter. 64.88% of the stock is owned by hedge funds and other institutional investors.
Atlanta Braves Company Profile
(
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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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