SG Americas Securities LLC Invests $12.08 Million in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

SG Americas Securities LLC bought a new stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 301,842 shares of the financial services provider's stock, valued at approximately $12,077,000. SG Americas Securities LLC owned about 0.59% of Atlanta Braves as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in BATRK. Federated Hermes Inc. acquired a new position in shares of Atlanta Braves in the 4th quarter valued at $40,000. Versant Capital Management Inc grew its holdings in shares of Atlanta Braves by 335.7% in the 1st quarter. Versant Capital Management Inc now owns 1,817 shares of the financial services provider's stock valued at $73,000 after buying an additional 1,400 shares during the period. PNC Financial Services Group Inc. grew its holdings in shares of Atlanta Braves by 25.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,265 shares of the financial services provider's stock valued at $87,000 after buying an additional 463 shares during the period. US Bancorp DE grew its holdings in shares of Atlanta Braves by 17.7% in the 4th quarter. US Bancorp DE now owns 2,862 shares of the financial services provider's stock valued at $110,000 after buying an additional 430 shares during the period. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Atlanta Braves by 687.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,463 shares of the financial services provider's stock valued at $132,000 after buying an additional 3,023 shares during the period. Institutional investors own 64.88% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on BATRK shares. Citigroup started coverage on shares of Atlanta Braves in a research note on Friday. They issued a "neutral" rating and a $45.00 target price for the company. Wall Street Zen raised shares of Atlanta Braves from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd.

Atlanta Braves Price Performance

Atlanta Braves stock traded down $0.65 during trading hours on Friday, hitting $42.51. The company had a trading volume of 244,550 shares, compared to its average volume of 286,045. The firm has a market cap of $2.18 billion, a PE ratio of -58.23 and a beta of 0.54. Atlanta Braves Holdings, Inc. has a one year low of $35.46 and a one year high of $44.43. The firm has a 50-day moving average of $40.08 and a 200 day moving average of $39.38.

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

Insider Buying and Selling

In related news, EVP Michael P. Plant sold 69,000 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $43.00, for a total transaction of $2,967,000.00. Following the sale, the executive vice president now owns 205,593 shares in the company, valued at approximately $8,840,499. This trade represents a 25.13% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Derek Gordon Schiller sold 72,505 shares of the firm's stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $43.00, for a total transaction of $3,117,715.00. Following the completion of the sale, the executive vice president now owns 300,233 shares in the company, valued at $12,910,019. This represents a 19.45% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have bought 121,872 shares of company stock worth $5,043,730 and have sold 147,272 shares worth $6,322,139. 11.43% of the stock is currently owned by company insiders.

Atlanta Braves 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.