Raymond James Financial Inc. increased its stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) by 112.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 184,384 shares of the financial services provider's stock after purchasing an additional 97,506 shares during the period. Raymond James Financial Inc. owned 0.36% of Atlanta Braves worth $7,377,000 as of its most recent SEC filing.
Several other large investors have also made changes to their positions in BATRK. First Trust Advisors LP acquired a new position in shares of Atlanta Braves during the fourth quarter valued at $1,177,000. Dimensional Fund Advisors LP raised its holdings in Atlanta Braves by 5.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 817,798 shares of the financial services provider's stock worth $31,288,000 after buying an additional 40,827 shares during the period. Tower Research Capital LLC TRC raised its holdings in Atlanta Braves by 687.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,463 shares of the financial services provider's stock worth $132,000 after buying an additional 3,023 shares during the period. Stifel Financial Corp grew its holdings in shares of Atlanta Braves by 4.9% during the fourth quarter. Stifel Financial Corp now owns 6,007 shares of the financial services provider's stock worth $230,000 after buying an additional 280 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD grew its holdings in shares of Atlanta Braves by 20.4% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 19,707 shares of the financial services provider's stock worth $754,000 after buying an additional 3,343 shares in the last quarter. Institutional investors and hedge funds own 64.88% of the company's stock.
Analyst Ratings Changes
BATRK has been the subject of a number of analyst reports. Citigroup upgraded 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 Atlanta Braves from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Finally, Rosenblatt Securities raised their price objective on Atlanta Braves from $52.00 to $69.00 and gave the stock a "buy" rating in a research note on Friday, June 20th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $57.00.
Get Our Latest Research Report on BATRK
Atlanta Braves Stock Performance
Shares of NASDAQ:BATRK traded down $0.60 during midday trading on Friday, reaching $42.36. The company's stock had a trading volume of 373,440 shares, compared to its average volume of 257,811. 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 $2.66 billion, a price-to-earnings ratio of -121.03 and a beta of 0.67. The firm has a 50 day moving average price of $45.13 and a two-hundred day moving average price of $42.04.
Atlanta Braves (NASDAQ:BATRK - Get Free Report) last issued its earnings results on Thursday, August 7th. The financial services provider reported $0.46 EPS for the quarter, missing analysts' consensus estimates of $0.64 by ($0.18). The company had revenue of $312.44 million during the quarter, compared to analyst estimates of $296.36 million. As a group, research analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current year.
Insider Transactions at Atlanta Braves
In other Atlanta Braves news, EVP Michael P. Plant sold 69,000 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $43.00, for a total transaction of $2,967,000.00. Following the completion of the sale, the executive vice president directly owned 205,593 shares of the company's stock, valued at approximately $8,840,499. The trade was a 25.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Derek Gordon Schiller sold 30,000 shares of the business'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 value of $1,365,000.00. Following the sale, the executive vice president directly owned 300,233 shares of the company's stock, valued at $13,660,601.50. This represents a 9.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 211,605 shares of company stock valued at $9,214,527 over the last ninety days.
Atlanta Braves Profile
(
Free Report)
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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