Atlanta Braves Holdings, Inc. $BATRK Stake Boosted by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS raised its holdings in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 13.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,000 shares of the financial services provider’s stock after acquiring an additional 1,200 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in Atlanta Braves were worth $468,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of BATRK. Wellington Management Group LLP grew its stake in Atlanta Braves by 105.9% during the 1st quarter. Wellington Management Group LLP now owns 1,348,113 shares of the financial services provider’s stock valued at $53,938,000 after acquiring an additional 693,351 shares in the last quarter. Irenic Capital Management LP purchased a new position in Atlanta Braves during the 1st quarter valued at about $15,794,000. Broad Bay Capital Management LP grew its stake in Atlanta Braves by 24.3% during the 1st quarter. Broad Bay Capital Management LP now owns 1,732,882 shares of the financial services provider’s stock valued at $69,333,000 after acquiring an additional 338,655 shares in the last quarter. Nuveen LLC purchased a new position in Atlanta Braves during the 1st quarter valued at about $8,995,000. Finally, Cinctive Capital Management LP purchased a new position in Atlanta Braves during the 1st quarter valued at about $8,254,000. Hedge funds and other institutional investors own 64.88% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated a “sell (d-)” rating on shares of Atlanta Braves in a report on Wednesday, October 8th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $57.00.

Atlanta Braves Stock Up 0.2%

Shares of BATRK stock opened at $39.17 on Friday. 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 cap of $2.46 billion, a PE ratio of -111.91 and a beta of 0.61. The stock has a 50 day moving average of $42.28 and a 200-day moving average of $42.32.

Atlanta Braves (NASDAQ:BATRK) last issued its quarterly 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 firm had revenue of $312.44 million during the quarter, compared to the consensus estimate of $296.36 million. As a group, equities analysts predict that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.

Insider Activity at Atlanta Braves

In other news, major shareholder Gamco Investors, Inc. Et Al sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, September 19th. The stock was sold at an average price of $45.19, for a total transaction of $49,709.00. Following the completion of the transaction, the insider directly owned 1,800 shares in the company, valued at $81,342. The trade was a 37.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 3,700 shares of company stock worth $167,859 in the last three months. 11.43% of the stock is 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.