Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Shares Acquired by Wealth Enhancement Advisory Services LLC

Wealth Enhancement Advisory Services LLC boosted its holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 2.6% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,388 shares of the financial services provider’s stock after purchasing an additional 341 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Atlanta Braves were worth $528,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in BATRK. Moran Wealth Management LLC boosted its holdings in shares of Atlanta Braves by 4.7% in the 4th quarter. Moran Wealth Management LLC now owns 6,394 shares of the financial services provider’s stock valued at $253,000 after purchasing an additional 287 shares during the last quarter. Third Avenue Management LLC raised its position in shares of Atlanta Braves by 1.2% in the 4th quarter. Third Avenue Management LLC now owns 26,000 shares of the financial services provider’s stock worth $1,029,000 after buying an additional 300 shares during the period. Brown Brothers Harriman & Co. boosted its holdings in Atlanta Braves by 31.2% in the fourth quarter. Brown Brothers Harriman & Co. now owns 2,452 shares of the financial services provider’s stock valued at $97,000 after acquiring an additional 583 shares during the last quarter. Redmont Wealth Advisors LLC boosted its holdings in Atlanta Braves by 4.2% in the first quarter. Redmont Wealth Advisors LLC now owns 15,393 shares of the financial services provider’s stock valued at $601,000 after acquiring an additional 614 shares during the last quarter. Finally, ProShare Advisors LLC grew its position in Atlanta Braves by 8.5% during the first quarter. ProShare Advisors LLC now owns 8,186 shares of the financial services provider’s stock valued at $320,000 after acquiring an additional 644 shares during the period. 64.88% of the stock is currently owned by institutional investors and hedge funds.

Atlanta Braves Stock Up 1.0 %

Atlanta Braves stock opened at $43.74 on Friday. The firm has a fifty day moving average of $41.42 and a 200-day moving average of $39.82. Atlanta Braves Holdings, Inc. has a 52-week low of $33.95 and a 52-week high of $44.15. The firm has a market capitalization of $2.22 billion and a P/E ratio of -21.87.

Atlanta Braves (NASDAQ:BATRK) last announced its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.05. The company had revenue of $282.88 million during the quarter, compared to analyst estimates of $288.20 million. During the same quarter in the prior year, the company posted ($0.55) earnings per share. On average, research analysts expect that Atlanta Braves Holdings, Inc. will post -0.46 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, Rosenblatt Securities reduced their price objective on Atlanta Braves from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th.

Insider Activity at Atlanta Braves

In related news, major shareholder Associated Capital Group, Inc. purchased 2,000 shares of the firm’s stock in a transaction on Monday, June 24th. The stock was purchased at an average price of $39.96 per share, for a total transaction of $79,920.00. Following the acquisition, the insider now directly owns 7,550 shares in the company, valued at $301,698. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last ninety days, insiders have purchased 3,000 shares of company stock worth $121,765. 11.43% of the stock is currently owned by company insiders.

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.