Norden Group LLC Acquires New Position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Norden Group LLC acquired a new stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRKFree Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 18,468 shares of the financial services provider’s stock, valued at approximately $721,000.

A number of other institutional investors have also recently made changes to their positions in the business. Brown Brothers Harriman & Co. grew its holdings in Atlanta Braves by 31.2% during the 4th quarter. Brown Brothers Harriman & Co. now owns 2,452 shares of the financial services provider’s stock worth $97,000 after acquiring an additional 583 shares in the last quarter. Mango Investments LLC acquired a new position in Atlanta Braves during the 4th quarter worth approximately $107,000. Scarborough Advisors LLC acquired a new position in Atlanta Braves during the 4th quarter worth approximately $199,000. SageView Advisory Group LLC acquired a new position in Atlanta Braves during the 4th quarter worth approximately $206,000. Finally, Aire Advisors LLC acquired a new position in Atlanta Braves during the 4th quarter worth approximately $207,000. Institutional investors and hedge funds own 64.88% of the company’s stock.

Insider Transactions at Atlanta Braves

In related news, major shareholder Associated Capital Group, Inc. acquired 2,000 shares of Atlanta Braves stock in a transaction dated Monday, June 24th. The stock was acquired at an average price of $39.96 per share, for a total transaction of $79,920.00. Following the transaction, the insider now owns 7,550 shares of the company’s stock, valued at $301,698. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders purchased 3,000 shares of company stock worth $121,765.

Analysts Set New Price Targets

Separately, TheStreet cut shares of Atlanta Braves from a “c-” rating to a “d+” rating in a report on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $45.00.

Read Our Latest Stock Report on BATRK

Atlanta Braves Trading Up 1.9 %

Shares of NASDAQ:BATRK opened at $40.90 on Tuesday. The company has a market capitalization of $2.07 billion and a PE ratio of -20.41. Atlanta Braves Holdings, Inc. has a twelve month low of $33.95 and a twelve month high of $50.15. The firm has a 50 day simple moving average of $39.11 and a 200-day simple moving average of $39.16.

Atlanta Braves (NASDAQ:BATRKGet Free Report) last issued its quarterly earnings data on Wednesday, May 8th. The financial services provider reported ($0.83) earnings per share for the quarter, missing the consensus estimate of ($0.64) by ($0.19). The firm had revenue of $37.08 million for the quarter, compared to analyst estimates of $39.63 million. As a group, equities research analysts predict that Atlanta Braves Holdings, Inc. will post -0.46 EPS for the current fiscal year.

About Atlanta Braves

(Free Report)

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.

Featured Articles

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:BATRKFree Report).

Institutional Ownership by Quarter for Atlanta Braves (NASDAQ:BATRK)

Receive News & Ratings for Atlanta Braves Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlanta Braves and related companies with MarketBeat.com's FREE daily email newsletter.