Nuveen LLC Makes New $9 Million Investment in Atlanta Braves Holdings, Inc. $BATRK

Nuveen LLC purchased a new position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 224,808 shares of the financial services provider’s stock, valued at approximately $8,995,000. Nuveen LLC owned 0.44% of Atlanta Braves as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in BATRK. LPL Financial LLC increased its holdings in shares of Atlanta Braves by 4.1% during the 4th quarter. LPL Financial LLC now owns 7,580 shares of the financial services provider’s stock worth $290,000 after buying an additional 302 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in shares of Atlanta Braves by 3.0% during the 4th quarter. Envestnet Asset Management Inc. now owns 33,202 shares of the financial services provider’s stock worth $1,270,000 after buying an additional 962 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Atlanta Braves during the 4th quarter worth $3,324,000. Barclays PLC increased its holdings in shares of Atlanta Braves by 7.9% during the 4th quarter. Barclays PLC now owns 88,826 shares of the financial services provider’s stock worth $3,398,000 after buying an additional 6,496 shares during the last quarter. Finally, First Trust Advisors LP acquired a new stake in shares of Atlanta Braves during the 4th quarter worth $1,177,000. 64.88% of the stock is currently owned by institutional investors and hedge funds.

Atlanta Braves Price Performance

NASDAQ:BATRK opened at $44.99 on Friday. The business’s 50-day moving average is $45.34 and its two-hundred day moving average is $41.73. Atlanta Braves Holdings, Inc. has a 12 month low of $35.46 and a 12 month high of $47.18. The firm has a market capitalization of $2.82 billion, a PE ratio of -128.54 and a beta of 0.67.

Atlanta Braves (NASDAQ:BATRK) last released its quarterly earnings data on Thursday, August 7th. The financial services provider reported $0.46 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.18). The business had revenue of $312.44 million during the quarter, compared to the consensus estimate of $296.36 million. Equities analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.

Wall Street Analyst Weigh In

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

Insider Transactions at Atlanta Braves

In other news, EVP Derek Gordon Schiller sold 30,000 shares of Atlanta Braves stock in a transaction dated Friday, June 20th. The stock was sold at an average price of $45.50, for a total transaction of $1,365,000.00. Following the sale, the executive vice president directly owned 300,233 shares of the company’s stock, valued at approximately $13,660,601.50. The trade was a 9.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Michael P. Plant sold 69,000 shares of Atlanta Braves stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $43.00, for a total value of $2,967,000.00. Following the sale, the executive vice president directly owned 205,593 shares in the company, valued at approximately $8,840,499. The trade was a 25.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 211,605 shares of company stock valued at $9,214,527. 11.43% of the stock is currently owned by insiders.

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.