Atlanta Braves Holdings, Inc. $BATRK Shares Purchased by Russell Investments Group Ltd.

Russell Investments Group Ltd. increased its stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 76.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 84,287 shares of the financial services provider’s stock after acquiring an additional 36,386 shares during the period. Russell Investments Group Ltd. owned about 0.16% of Atlanta Braves worth $3,372,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC grew its holdings in Atlanta Braves by 56.4% during the first quarter. CWM LLC now owns 824 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 297 shares during the period. Versant Capital Management Inc grew its holdings in Atlanta Braves by 335.7% during the first quarter. Versant Capital Management Inc now owns 1,817 shares of the financial services provider’s stock worth $73,000 after acquiring an additional 1,400 shares during the period. KBC Group NV purchased a new position in Atlanta Braves during the first quarter worth approximately $94,000. PNC Financial Services Group Inc. boosted its position in Atlanta Braves by 33.4% during the first quarter. PNC Financial Services Group Inc. now owns 3,021 shares of the financial services provider’s stock worth $121,000 after purchasing an additional 756 shares in the last quarter. Finally, US Bancorp DE boosted its position in Atlanta Braves by 10.4% during the first quarter. US Bancorp DE now owns 3,160 shares of the financial services provider’s stock worth $126,000 after purchasing an additional 298 shares in the last quarter. 64.88% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, major shareholder Mario J. Gabelli bought 1,549 shares of the firm’s stock in a transaction dated Wednesday, May 28th. The shares were acquired at an average price of $43.45 per share, for a total transaction of $67,304.05. Following the completion of the transaction, the insider directly owned 27,152 shares in the company, valued at $1,179,754.40. The trade was a 6.05% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Derek Gordon Schiller sold 72,505 shares of the firm’s stock in a transaction that occurred on Wednesday, June 11th. The shares were sold at an average price of $43.00, for a total value of $3,117,715.00. Following the completion of the transaction, the executive vice president owned 300,233 shares in the company, valued at approximately $12,910,019. This trade represents a 19.45% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 211,605 shares of company stock worth $9,214,527 over the last quarter. 11.43% of the stock is currently owned by corporate insiders.

Atlanta Braves Price Performance

NASDAQ BATRK opened at $44.99 on Friday. The company has a market cap of $2.82 billion, a PE ratio of -128.54 and a beta of 0.67. The stock’s 50 day simple moving average is $45.34 and its 200-day simple moving average is $41.73. Atlanta Braves Holdings, Inc. has a 1-year low of $35.46 and a 1-year high of $47.18.

Atlanta Braves (NASDAQ:BATRK) last released its earnings results on Thursday, August 7th. The financial services provider reported $0.46 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.18). The firm had revenue of $312.44 million during the quarter, compared to analyst estimates of $296.36 million. On average, equities research analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have issued reports on BATRK. Rosenblatt Securities increased their price target on Atlanta Braves from $52.00 to $69.00 and gave the stock a “buy” rating in a research report on Friday, June 20th. Wall Street Zen upgraded Atlanta Braves from a “sell” rating to a “hold” rating in a research report on Thursday, May 22nd. Finally, Citigroup upgraded Atlanta Braves to a “hold” rating and set a $45.00 price target on the stock in a research report on Friday, June 13th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $57.00.

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.