HighTower Advisors LLC Has $2.06 Million Holdings in Atlanta Braves Holdings, Inc. $BATRK

HighTower Advisors LLC decreased its position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 8.1% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 51,530 shares of the financial services provider’s stock after selling 4,525 shares during the period. HighTower Advisors LLC owned 0.10% of Atlanta Braves worth $2,062,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Aristeia Capital L.L.C. increased its stake in Atlanta Braves by 34.5% in the 4th quarter. Aristeia Capital L.L.C. now owns 2,414,362 shares of the financial services provider’s stock valued at $92,373,000 after buying an additional 618,887 shares during the last quarter. T. Rowe Price Investment Management Inc. increased its stake in Atlanta Braves by 256.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,690,889 shares of the financial services provider’s stock valued at $64,694,000 after buying an additional 1,215,948 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Atlanta Braves by 5.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 817,798 shares of the financial services provider’s stock valued at $31,288,000 after buying an additional 40,827 shares during the last quarter. Wellington Management Group LLP increased its stake in Atlanta Braves by 3.1% in the 4th quarter. Wellington Management Group LLP now owns 654,762 shares of the financial services provider’s stock valued at $25,051,000 after buying an additional 19,718 shares during the last quarter. Finally, Tudor Investment Corp ET AL increased its stake in Atlanta Braves by 44.3% in the 4th quarter. Tudor Investment Corp ET AL now owns 456,000 shares of the financial services provider’s stock valued at $17,447,000 after buying an additional 139,952 shares during the last quarter. Hedge funds and other institutional investors own 64.88% of the company’s stock.

Analyst Ratings Changes

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

Insider Activity

In other Atlanta Braves news, major shareholder Mario J. Gabelli acquired 1,549 shares of the business’s stock in a transaction that occurred on Wednesday, May 28th. The stock was bought at an average cost of $43.45 per share, with a total value of $67,304.05. Following the acquisition, the insider owned 27,152 shares in the company, valued at approximately $1,179,754.40. This represents a 6.05% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Derek Gordon Schiller sold 72,505 shares of the firm’s stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $43.00, for a total transaction of $3,117,715.00. Following the completion of the transaction, the executive vice president directly owned 300,233 shares of the company’s stock, valued at approximately $12,910,019. This trade represents a 19.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 211,605 shares of company stock valued at $9,214,527 in the last three months. Company insiders own 11.43% of the company’s stock.

Atlanta Braves Stock Up 2.7%

Atlanta Braves stock opened at $44.99 on Friday. Atlanta Braves Holdings, Inc. has a twelve month low of $35.46 and a twelve month high of $47.18. The firm has a 50 day moving average price of $45.34 and a 200-day moving average price of $41.73. The company has a market capitalization of $2.82 billion, a P/E ratio of -128.54 and a beta of 0.67.

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 analysts’ consensus estimates of $0.64 by ($0.18). The firm had revenue of $312.44 million for the quarter, compared to analysts’ expectations of $296.36 million. Equities analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.

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.