Atlanta Braves Holdings, Inc. $BATRK Shares Bought by Raymond James Financial Inc.

Raymond James Financial Inc. boosted its holdings in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) by 112.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 184,384 shares of the financial services provider's stock after acquiring an additional 97,506 shares during the quarter. Raymond James Financial Inc. owned 0.36% of Atlanta Braves worth $7,377,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of BATRK. CWM LLC boosted its holdings in Atlanta Braves by 56.4% during the 1st quarter. CWM LLC now owns 824 shares of the financial services provider's stock valued at $33,000 after acquiring an additional 297 shares during the period. Versant Capital Management Inc boosted its holdings in Atlanta Braves by 335.7% during the 1st quarter. Versant Capital Management Inc now owns 1,817 shares of the financial services provider's stock valued at $73,000 after acquiring an additional 1,400 shares during the period. KBC Group NV purchased a new position in Atlanta Braves during the 1st quarter valued at $94,000. PNC Financial Services Group Inc. boosted its holdings in Atlanta Braves by 33.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,021 shares of the financial services provider's stock valued at $121,000 after acquiring an additional 756 shares during the period. Finally, US Bancorp DE boosted its holdings in Atlanta Braves by 10.4% during the 1st quarter. US Bancorp DE now owns 3,160 shares of the financial services provider's stock valued at $126,000 after acquiring an additional 298 shares during the period. Hedge funds and other institutional investors own 64.88% of the company's stock.

Insiders Place Their Bets

In related news, EVP Michael P. Plant sold 69,000 shares of the company's stock in a transaction 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 in the company, valued at $8,840,499. This represents a 25.13% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Derek Gordon Schiller sold 30,000 shares of the company's stock in a transaction 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 owned 300,233 shares of the company's stock, valued at $13,660,601.50. This trade represents a 9.08% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 211,605 shares of company stock valued at $9,214,527 over the last 90 days. 11.43% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on BATRK shares. Rosenblatt Securities boosted their price objective on Atlanta Braves from $52.00 to $69.00 and gave the company a "buy" rating in a report on Friday, June 20th. Citigroup raised Atlanta Braves to a "hold" rating and set a $45.00 price target on the stock in a research report on Friday, June 13th. Finally, Wall Street Zen upgraded Atlanta Braves from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $57.00.

Atlanta Braves Price Performance

Shares of NASDAQ:BATRK traded down $0.60 during trading hours on Friday, hitting $42.36. The company's stock had a trading volume of 373,440 shares, compared to its average volume of 254,278. Atlanta Braves Holdings, Inc. has a 52 week low of $35.46 and a 52 week high of $47.18. The company has a market capitalization of $2.66 billion, a price-to-earnings ratio of -121.03 and a beta of 0.67. The firm's fifty day moving average price is $45.13 and its 200 day moving average price is $42.01.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The financial services provider reported $0.46 earnings per share 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 analysts' expectations of $296.36 million. On average, equities research analysts predict that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current fiscal year.

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.