Voya Investment Management LLC Cuts Stock Position in Atlanta Braves Holdings, Inc. $BATRK

Voya Investment Management LLC lowered its holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 13.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,922 shares of the financial services provider’s stock after selling 2,460 shares during the period. Voya Investment Management LLC’s holdings in Atlanta Braves were worth $637,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. CWM LLC lifted its position in shares of Atlanta Braves by 56.4% during the 1st quarter. CWM LLC now owns 824 shares of the financial services provider’s stock valued at $33,000 after buying an additional 297 shares during the last quarter. Comerica Bank lifted its position in shares of Atlanta Braves by 44.8% during the 1st quarter. Comerica Bank now owns 1,031 shares of the financial services provider’s stock valued at $41,000 after buying an additional 319 shares during the last quarter. Summit Securities Group LLC purchased a new position in shares of Atlanta Braves during the 1st quarter valued at $60,000. Versant Capital Management Inc lifted its position in shares of Atlanta Braves by 335.7% during the 1st quarter. Versant Capital Management Inc now owns 1,817 shares of the financial services provider’s stock valued at $73,000 after buying an additional 1,400 shares during the last quarter. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new position in shares of Atlanta Braves during the 1st quarter valued at $84,000. Hedge funds and other institutional investors own 64.88% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on BATRK. Citigroup raised Atlanta Braves to a “hold” rating and set a $45.00 price target on the stock in a research report on Friday, June 13th. Rosenblatt Securities upped their price target on Atlanta Braves from $52.00 to $69.00 and gave the company a “buy” rating in a research report on Friday, June 20th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Atlanta Braves has a consensus rating of “Moderate Buy” and an average price target of $57.00.

Insider Activity at Atlanta Braves

In other Atlanta Braves news, major shareholder Gamco Investors, Inc. Et Al sold 1,100 shares of Atlanta Braves stock in a transaction on Friday, September 19th. The stock was sold at an average price of $45.19, for a total value of $49,709.00. Following the completion of the sale, the insider owned 1,800 shares of the company’s stock, valued at approximately $81,342. This trade represents a 37.93% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 11.43% of the company’s stock.

Atlanta Braves Trading Down 0.1%

Atlanta Braves stock opened at $41.06 on Friday. The firm has a market cap of $2.58 billion, a price-to-earnings ratio of -117.31 and a beta of 0.67. The stock has a fifty day simple moving average of $43.81 and a two-hundred day simple moving average of $42.19. 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 posted its earnings results on Thursday, August 7th. The financial services provider reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.18). The business had revenue of $312.44 million during the quarter, compared to analyst estimates of $296.36 million. On average, equities research analysts forecast 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.