Wealth Enhancement Advisory Services LLC Takes Position in Atlanta Braves Holdings, Inc. $BATRK

Key Points

• Wealth Enhancement Advisory Services LLC acquired 6,175 shares of Atlanta Braves Holdings, valued at approximately $288,000, during the second quarter.
• Several institutional investors increased their stakes in Atlanta Braves, with CWM LLC and Comerica Bank raising their positions by 56.4% and 44.8% respectively in the first quarter.
• Analysts have mixed views on Atlanta Braves, with a "buy" rating and a price target increase from $52.00 to $69.00 by Rosenblatt Securities, while Weiss Ratings maintains a "sell" rating.

Wealth Enhancement Advisory Services LLC acquired a new position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 6,175 shares of the financial services provider's stock, valued at approximately $288,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. CWM LLC raised its position 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 buying an additional 297 shares during the last quarter. Comerica Bank boosted its stake in Atlanta Braves by 44.8% during the 1st quarter. Comerica Bank now owns 1,031 shares of the financial services provider's stock valued at $41,000 after acquiring an additional 319 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of Atlanta Braves during the first quarter worth $60,000. BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Atlanta Braves during the first quarter worth $84,000. Finally, KBC Group NV acquired a new stake in shares of Atlanta Braves in the 1st quarter worth about $94,000. Institutional investors and hedge funds own 64.88% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on BATRK. Citigroup raised shares of Atlanta Braves to a "hold" rating and set a $45.00 target price on the stock in a research note on Friday, June 13th. Weiss Ratings restated a "sell (d-)" rating on shares of Atlanta Braves in a report on Wednesday. Finally, Rosenblatt Securities lifted their target price on shares of Atlanta Braves from $52.00 to $69.00 and gave the company a "buy" rating in a research note on Friday, June 20th. One equities research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Atlanta Braves has an average rating of "Hold" and an average price target of $57.00.

Insider Activity at Atlanta Braves

In other news, major shareholder Gamco Investors, Inc. Et Al sold 800 shares of the company's stock in a transaction dated Thursday, September 25th. The stock was sold at an average price of $45.41, for a total value of $36,328.00. Following the completion of the sale, the insider directly owned 1,000 shares of the company's stock, valued at $45,410. This represents a 44.44% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Over the last three months, insiders sold 3,700 shares of company stock valued at $167,859. Corporate insiders own 11.43% of the company's stock.

Atlanta Braves Stock Down 0.6%

Shares of NASDAQ BATRK opened at $40.54 on Thursday. The firm's 50-day simple moving average is $42.94 and its 200 day simple moving average is $42.31. The company has a market cap of $2.54 billion, a price-to-earnings ratio of -115.83 and a beta of 0.61. Atlanta Braves Holdings, Inc. has a 12-month low of $35.46 and a 12-month high of $47.18.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last issued its quarterly 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 company had revenue of $312.44 million for the quarter, compared to analyst estimates of $296.36 million. On average, equities analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current 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.

Want to see what other hedge funds are holding BATRK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.