Victory Capital Management Inc. Acquires 975 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Victory Capital Management Inc. increased its holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 16.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,813 shares of the financial services provider’s stock after acquiring an additional 975 shares during the period. Victory Capital Management Inc.’s holdings in Atlanta Braves were worth $273,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. CWM LLC lifted its stake in 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 purchasing an additional 297 shares during the last quarter. Federated Hermes Inc. purchased a new position in Atlanta Braves in the fourth quarter valued at approximately $40,000. Versant Capital Management Inc lifted its stake in Atlanta Braves by 335.7% in the first quarter. Versant Capital Management Inc now owns 1,817 shares of the financial services provider’s stock valued at $73,000 after purchasing an additional 1,400 shares during the last quarter. KBC Group NV purchased a new stake in shares of Atlanta Braves during the first quarter worth $94,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Atlanta Braves by 687.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,463 shares of the financial services provider’s stock worth $132,000 after acquiring an additional 3,023 shares in the last quarter. 64.88% of the stock is owned by institutional investors.

Atlanta Braves Trading Down 0.0%

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

Atlanta Braves (NASDAQ:BATRK) last announced its quarterly earnings data 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 company had revenue of $47.21 million for the quarter, compared to the consensus estimate of $36.87 million. As a group, research analysts predict that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.

Wall Street Analysts Forecast Growth

BATRK has been the topic of several recent research reports. Wall Street Zen upgraded Atlanta Braves from a “sell” rating to a “hold” rating in a research report on Thursday, May 22nd. Citigroup raised Atlanta Braves to a “hold” rating and set a $45.00 target price on the stock in a research note on Friday, June 13th. Finally, Rosenblatt Securities increased their target price on Atlanta Braves from $52.00 to $69.00 and gave the company a “buy” rating in a research note on Friday, June 20th.

Insider Activity

In other news, EVP Michael P. Plant sold 69,000 shares of the stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 205,593 shares in the company, valued at approximately $8,840,499. This represents a 25.13% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Mario J. Gabelli bought 1,549 shares of the company’s stock in a transaction dated Wednesday, May 28th. The shares were purchased at an average price of $43.45 per share, with a total value of $67,304.05. Following the completion of the acquisition, the insider owned 27,152 shares of the company’s stock, valued at $1,179,754.40. This trade represents a 6.05% increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 217,372 shares of company stock valued at $9,451,951. Company insiders own 11.43% of the company’s stock.

Atlanta Braves Company 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.