Wakefield Asset Management LLLP Buys New Holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Wakefield Asset Management LLLP purchased a new stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 17,493 shares of the financial services provider's stock, valued at approximately $700,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. BNP Paribas Financial Markets acquired a new stake in Atlanta Braves in the fourth quarter worth $721,000. GAMMA Investing LLC boosted its position in shares of Atlanta Braves by 9,017.3% in the 1st quarter. GAMMA Investing LLC now owns 9,482 shares of the financial services provider's stock valued at $3,790,000 after purchasing an additional 9,378 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Atlanta Braves in the 4th quarter valued at $337,000. Wellington Management Group LLP boosted its position in shares of 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 purchasing an additional 19,718 shares during the period. Finally, Teacher Retirement System of Texas acquired a new position in shares of Atlanta Braves in the 1st quarter valued at $253,000. 64.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

BATRK has been the subject of a number of recent research reports. Citigroup raised Atlanta Braves to a "hold" rating and set a $45.00 price target for the company in a research note on Friday, June 13th. Wall Street Zen upgraded shares of Atlanta Braves from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, Rosenblatt Securities lifted their target price on Atlanta Braves from $52.00 to $69.00 and gave the stock a "buy" rating in a research report on Friday, June 20th.

Atlanta Braves Trading Down 0.7%

Shares of BATRK stock traded down $0.34 on Friday, hitting $45.54. 198,866 shares of the stock were exchanged, compared to its average volume of 276,846. The business has a 50-day moving average of $44.05 and a 200 day moving average of $40.81. Atlanta Braves Holdings, Inc. has a fifty-two week low of $35.46 and a fifty-two week high of $47.18. The firm has a market capitalization of $2.34 billion, a P/E ratio of -130.11 and a beta of 0.68.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last issued its quarterly earnings results on Monday, May 12th. The financial services provider reported ($0.66) EPS for the quarter, beating the consensus estimate of ($0.94) by $0.28. The company had revenue of $47.21 million for the quarter, compared to analyst estimates of $36.87 million. As a group, research analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Mario J. Gabelli acquired 1,549 shares of the business's stock in a transaction that occurred on Wednesday, May 28th. The shares were bought at an average price of $43.45 per share, with a total value of $67,304.05. Following the acquisition, the insider directly owned 27,152 shares in the company, valued at $1,179,754.40. The trade was a 6.05% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP Deretta C. Rhodes sold 5,000 shares of the firm's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $41.20, for a total value of $206,000.00. Following the sale, the executive vice president directly owned 3,112 shares in the company, valued at approximately $128,214.40. This trade represents a 61.64% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 217,372 shares of company stock worth $9,451,951 in the last quarter. Insiders own 11.43% of the company's stock.

About Atlanta Braves

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.