Tudor Investment Corp ET AL Has $20.13 Million Stake in Atlanta Braves Holdings, Inc. $BATRK

Key Points

• Tudor Investment Corp trimmed its stake in Atlanta Braves Holdings (NASDAQ:BATRK) by 10.4% to 484,000 shares, a holding worth about $20.13 million (≈0.94% of the company) at quarter-end.
• John C. Malone bought 35,000 shares on Feb. 5, raising his holding to 521,862 shares and marking a notable insider buy; insiders now own 11.43% of the company.
• Analysts are mixed but moderately positive overall: the consensus rating is "Moderate Buy" with a consensus price target of $57.00, while recent quarterly results beat revenue and EPS estimates.

Tudor Investment Corp ET AL lowered its position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) by 10.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 484,000 shares of the financial services provider's stock after selling 56,320 shares during the quarter. Tudor Investment Corp ET AL owned approximately 0.94% of Atlanta Braves worth $20,130,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. CIBC Private Wealth Group LLC raised its holdings in shares of Atlanta Braves by 104.1% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 2,357 shares of the financial services provider's stock valued at $98,000 after purchasing an additional 1,202 shares during the period. Advisory Services Network LLC bought a new stake in Atlanta Braves in the third quarter valued at approximately $34,000. OmniStar Financial Group Inc. bought a new stake in Atlanta Braves in the third quarter valued at approximately $264,000. Dark Forest Capital Management LP acquired a new stake in shares of Atlanta Braves in the third quarter valued at approximately $2,453,000. Finally, PharVision Advisers LLC acquired a new stake in shares of Atlanta Braves in the third quarter valued at approximately $348,000. 64.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

BATRK has been the subject of several research analyst reports. Rosenblatt Securities reiterated a "buy" rating and set a $69.00 target price on shares of Atlanta Braves in a research note on Thursday, February 26th. Wall Street Zen cut shares of Atlanta Braves from a "hold" rating to a "sell" rating in a research report on Saturday, March 14th. Zacks Research raised shares of Atlanta Braves from a "hold" rating to a "strong-buy" rating in a research report on Thursday, March 5th. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Atlanta Braves in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Atlanta Braves has an average rating of "Moderate Buy" and a consensus price target of $57.00.

Atlanta Braves Price Performance

Shares of NASDAQ BATRK opened at $41.48 on Friday. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of -106.36 and a beta of 0.55. The stock's fifty day moving average price is $41.68 and its two-hundred day moving average price is $40.63. Atlanta Braves Holdings, Inc. has a one year low of $35.46 and a one year high of $47.18.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last released its quarterly earnings results on Wednesday, February 25th. The financial services provider reported ($0.28) EPS for the quarter, beating the consensus estimate of ($0.66) by $0.38. The business had revenue of $61.30 million during the quarter, compared to analyst estimates of $54.93 million. On average, equities analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current fiscal year.

Insider Activity at Atlanta Braves

In other Atlanta Braves news, major shareholder John C. Malone purchased 35,000 shares of the company's stock in a transaction dated Thursday, February 5th. The stock was bought at an average cost of $44.23 per share, for a total transaction of $1,548,050.00. Following the completion of the transaction, the insider owned 521,862 shares in the company, valued at approximately $23,081,956.26. This represents a 7.19% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 11.43% of the company's stock.

Atlanta Braves Company Profile

The Atlanta Braves Real Estate Ownership Trust NASDAQ: BATRK is a publicly traded real estate investment trust established in 2021 by Liberty Braves Group. The trust's primary purpose is to own and manage a portfolio of sports and entertainment properties related to the Atlanta Braves baseball franchise. BATRK generates stable rental income by leasing its assets to the Braves Baseball Club, LLC, under long-term lease agreements designed to align property performance with franchise needs.

The trust's portfolio is anchored by Truist Park, the 41,084-seat baseball stadium that has served as the Braves' home since 2017.

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