SageView Advisory Group LLC Makes New Investment in Atlanta Braves Holdings, Inc. $BATRK

Key Points

• SageView Advisory Group LLC acquired 6,000 shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK), valued at $240,000, marking a significant investment in the firm during the first quarter.
• Multiple institutional investors, such as CWM LLC and US Bancorp DE, have increased their stakes in the company, indicating growing interest in Atlanta Braves Holdings.
• Shares of Atlanta Braves are currently trading at $42.05, down 0.8%, with a market capitalization of $2.64 billion and a reported earnings miss of $0.18 per share for the last quarter.

SageView Advisory Group LLC purchased a new stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 6,000 shares of the financial services provider's stock, valued at approximately $240,000.

Other large investors have also recently bought and sold shares of the company. Aristeia Capital L.L.C. lifted its position in shares of Atlanta Braves by 2.3% in the first 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 buying an additional 55,690 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its position in Atlanta Braves by 8.2% during the first quarter. T. Rowe Price Investment Management Inc. now owns 1,829,000 shares of the financial services provider's stock worth $73,179,000 after buying an additional 138,111 shares in the last quarter. Broad Bay Capital Management LP grew its position in Atlanta Braves by 24.3% during the first 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 in the last quarter. Gabelli Funds LLC grew its position in Atlanta Braves by 3.7% during the first 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 in the last quarter. Finally, Wellington Management Group LLP grew its position in Atlanta Braves by 105.9% during the first quarter. Wellington Management Group LLP now owns 1,348,113 shares of the financial services provider's stock worth $53,938,000 after buying an additional 693,351 shares in the last quarter. 64.88% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Atlanta Braves news, EVP Derek Gordon Schiller sold 30,000 shares of the stock in a transaction 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 completion of the transaction, the executive vice president directly owned 300,233 shares of the company's stock, valued at approximately $13,660,601.50. This represents a 9.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 11.43% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on BATRK. Rosenblatt Securities raised their target price on Atlanta Braves from $52.00 to $69.00 and gave the company a "buy" rating in a report on Friday, June 20th. Wall Street Zen raised Atlanta Braves from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd. Finally, Citigroup raised Atlanta Braves to a "hold" rating and set a $45.00 target price on the stock in a report on Friday, June 13th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $57.00.

Atlanta Braves Trading Up 0.0%

Shares of BATRK stock traded up $0.02 during trading on Thursday, hitting $41.65. The company's stock had a trading volume of 47,626 shares, compared to its average volume of 296,878. The company has a market cap of $2.61 billion, a PE ratio of -119.00 and a beta of 0.67. The business has a fifty day moving average of $44.42 and a 200-day moving average of $42.13. 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 earnings results on Thursday, August 7th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.18). The firm had revenue of $312.44 million during the quarter, compared to the consensus estimate of $296.36 million. As a group, research analysts predict that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.

Atlanta Braves Company 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.