13,511 Shares in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Acquired by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH acquired 13,511 shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK), valued at approximately $541,000, marking a significant new investment in the company's stock.
• Atlanta Braves Holdings reported earnings per share of ($0.66) for the last quarter, surpassing analysts' expectations, with revenues reaching $47.21 million against anticipated figures of $36.87 million.
• Several large investors have increased their stakes in Atlanta Braves, with Wells Fargo & Company growing its holdings by 82.3%, now owning 66,198 shares valued at $2.53 million.

Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 13,511 shares of the financial services provider's stock, valued at approximately $541,000.

Several other large investors have also recently made changes to their positions in the company. KLP Kapitalforvaltning AS purchased a new stake in Atlanta Braves in the 4th quarter valued at $337,000. LPL Financial LLC grew its holdings in Atlanta Braves by 4.1% in the 4th quarter. LPL Financial LLC now owns 7,580 shares of the financial services provider's stock valued at $290,000 after buying an additional 302 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in Atlanta Braves by 49.5% in the 4th quarter. JPMorgan Chase & Co. now owns 250,042 shares of the financial services provider's stock valued at $9,567,000 after buying an additional 82,769 shares in the last quarter. Wellington Management Group LLP grew its holdings in Atlanta Braves by 3.1% in the 4th quarter. Wellington Management Group LLP now owns 654,762 shares of the financial services provider's stock valued at $25,051,000 after buying an additional 19,718 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Atlanta Braves by 82.3% in the 4th quarter. Wells Fargo & Company MN now owns 66,198 shares of the financial services provider's stock valued at $2,533,000 after buying an additional 29,894 shares in the last quarter. 64.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on BATRK shares. Citigroup upgraded Atlanta Braves to a "hold" rating and set a $45.00 price target for the company in a report on Friday, June 13th. Wall Street Zen upgraded Atlanta Braves from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, Rosenblatt Securities increased 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.

Insider Buying and Selling

In other news, EVP Deretta C. Rhodes sold 5,000 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $41.20, for a total value of $206,000.00. Following the completion of the sale, the executive vice president directly owned 3,112 shares of the company's stock, valued at $128,214.40. This trade represents a 61.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Derek Gordon Schiller sold 72,505 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $43.00, for a total value of $3,117,715.00. Following the completion of the sale, the executive vice president directly owned 300,233 shares of the company's stock, valued at $12,910,019. This represents a 19.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 217,372 shares of company stock valued at $9,451,951. Company insiders own 11.43% of the company's stock.

Atlanta Braves Stock Down 0.0%

NASDAQ:BATRK opened at $44.54 on Friday. The stock's 50 day moving average price is $44.45 and its 200 day moving average price is $41.13. The company has a market capitalization of $2.28 billion, a PE ratio of -127.25 and a beta of 0.67. Atlanta Braves Holdings, Inc. has a 52-week low of $35.46 and a 52-week high of $47.18.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The financial services provider reported ($0.66) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.94) by $0.28. The firm had revenue of $47.21 million for the quarter, compared to analysts' expectations of $36.87 million. As a group, sell-side analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.

Atlanta Braves 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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