TD Asset Management Inc Has $2.46 Million Stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

TD Asset Management Inc raised its stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 10.0% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 61,388 shares of the financial services provider’s stock after purchasing an additional 5,582 shares during the period. TD Asset Management Inc owned approximately 0.12% of Atlanta Braves worth $2,456,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Wakefield Asset Management LLLP purchased a new position in shares of Atlanta Braves in the 1st quarter worth approximately $700,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of Atlanta Braves in the 1st quarter worth approximately $541,000. Teachers Retirement System of The State of Kentucky purchased a new position in shares of Atlanta Braves in the 1st quarter worth approximately $979,000. Victory Capital Management Inc. boosted its stake in shares of Atlanta Braves by 16.7% in the 1st quarter. Victory Capital Management Inc. now owns 6,813 shares of the financial services provider’s stock worth $273,000 after buying an additional 975 shares during the last quarter. Finally, CWM LLC boosted its stake in shares of Atlanta Braves by 56.4% in the 1st quarter. CWM LLC now owns 824 shares of the financial services provider’s stock worth $33,000 after buying an additional 297 shares during the last quarter. Institutional investors and hedge funds own 64.88% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on BATRK. Citigroup raised shares of Atlanta Braves to a “hold” rating and set a $45.00 price target on the stock in a report on Friday, June 13th. Wall Street Zen raised shares of Atlanta Braves from a “sell” rating to a “hold” rating in a report on Thursday, May 22nd. Finally, Rosenblatt Securities lifted their price target on shares of Atlanta Braves from $52.00 to $69.00 and gave the stock a “buy” rating in a report on Friday, June 20th.

Insider Buying and Selling at Atlanta Braves

In other Atlanta Braves news, major shareholder Mario J. Gabelli bought 1,549 shares of the stock in a transaction on Wednesday, May 28th. The shares were acquired at an average price of $43.45 per share, with a total value of $67,304.05. Following the acquisition, the insider directly owned 27,152 shares of the company’s stock, valued at $1,179,754.40. The trade was a 6.05% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Michael P. Plant sold 69,000 shares of the business’s stock in a transaction 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 directly owned 205,593 shares in the company, valued at $8,840,499. The trade was a 25.13% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 217,372 shares of company stock worth $9,451,951. 11.43% of the stock is owned by insiders.

Atlanta Braves Trading Down 0.0%

NASDAQ:BATRK opened at $44.54 on Friday. The stock has a market capitalization of $2.28 billion, a PE ratio of -127.25 and a beta of 0.67. The firm’s 50 day moving average is $44.45 and its 200 day moving average is $41.13. Atlanta Braves Holdings, Inc. has a 12 month low of $35.46 and a 12 month high of $47.18.

Atlanta Braves (NASDAQ:BATRK) last issued its earnings results on Monday, May 12th. The financial services provider reported ($0.66) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.94) by $0.28. The business had revenue of $47.21 million for the quarter, compared to the consensus estimate of $36.87 million. Research analysts predict that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current year.

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.