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

Several other hedge funds and other institutional investors have also made changes to their positions in the business. CWM LLC boosted its stake in shares of Atlanta Braves by 56.4% in the first quarter. CWM LLC now owns 824 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 297 shares during the period. US Bancorp DE boosted its stake in shares of Atlanta Braves by 10.4% in the first quarter. US Bancorp DE now owns 3,160 shares of the financial services provider's stock valued at $126,000 after purchasing an additional 298 shares during the period. Comerica Bank boosted its stake in shares of Atlanta Braves by 44.8% in the first quarter. Comerica Bank now owns 1,031 shares of the financial services provider's stock valued at $41,000 after purchasing an additional 319 shares during the period. Moran Wealth Management LLC raised its holdings in Atlanta Braves by 3.6% in the first quarter. Moran Wealth Management LLC now owns 13,396 shares of the financial services provider's stock valued at $536,000 after acquiring an additional 461 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in Atlanta Braves by 8.6% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 5,966 shares of the financial services provider's stock worth $228,000 after acquiring an additional 472 shares during the last quarter. Hedge funds and other institutional investors own 64.88% of the company's stock.

Atlanta Braves Stock Down 0.8%

Shares of Atlanta Braves stock opened at $42.05 on Friday. Atlanta Braves Holdings, Inc. has a 52-week low of $35.46 and a 52-week high of $47.18. The company has a 50 day moving average of $44.68 and a 200 day moving average of $42.09. The company has a market capitalization of $2.64 billion, a P/E ratio of -120.14 and a beta of 0.67.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last released 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 business had revenue of $312.44 million for the quarter, compared to the consensus estimate 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 fiscal year.

Insiders Place Their Bets

In other Atlanta Braves news, EVP Derek Gordon Schiller sold 30,000 shares of the firm's stock in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $45.50, for a total transaction of $1,365,000.00. Following the sale, the executive vice president owned 300,233 shares of the company's stock, valued at approximately $13,660,601.50. This trade represents a 9.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 70,100 shares of company stock worth $3,129,812 over the last 90 days. 11.43% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

BATRK has been the subject of a number of recent research reports. Rosenblatt Securities lifted their price target on shares of Atlanta Braves from $52.00 to $69.00 and gave the stock a "buy" rating in a research note on Friday, June 20th. Citigroup upgraded shares of Atlanta Braves to a "hold" rating and set a $45.00 price target for the company in a research note on Friday, June 13th. Finally, Wall Street Zen upgraded shares of Atlanta Braves from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Atlanta Braves currently has an average rating of "Moderate Buy" and an average price target of $57.00.

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.

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