Sumitomo Mitsui Trust Group Inc. Purchases 513 Shares of Atlanta Braves Holdings, Inc. $BATRK

Sumitomo Mitsui Trust Group Inc. increased its position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 4.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 11,628 shares of the financial services provider’s stock after purchasing an additional 513 shares during the quarter. Sumitomo Mitsui Trust Group Inc.’s holdings in Atlanta Braves were worth $544,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CWM LLC boosted its stake in shares of Atlanta Braves by 56.4% in the 1st quarter. CWM LLC now owns 824 shares of the financial services provider’s stock worth $33,000 after buying an additional 297 shares during the last quarter. US Bancorp DE increased its position in shares of Atlanta Braves by 10.4% during the first quarter. US Bancorp DE now owns 3,160 shares of the financial services provider’s stock valued at $126,000 after acquiring an additional 298 shares during the last quarter. Comerica Bank lifted its holdings in Atlanta Braves by 44.8% during the first quarter. Comerica Bank now owns 1,031 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 319 shares during the period. Sheets Smith Wealth Management boosted its position in Atlanta Braves by 1.9% in the second quarter. Sheets Smith Wealth Management now owns 20,199 shares of the financial services provider’s stock worth $945,000 after purchasing an additional 370 shares during the last quarter. Finally, Signaturefd LLC boosted its position in Atlanta Braves by 28.4% in the second quarter. Signaturefd LLC now owns 2,020 shares of the financial services provider’s stock worth $94,000 after purchasing an additional 447 shares during the last quarter. Hedge funds and other institutional investors own 64.88% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Atlanta Braves in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Atlanta Braves currently has a consensus rating of “Hold” and a consensus target price of $57.00.

Insider Buying and Selling

In other Atlanta Braves news, major shareholder John C. Malone bought 840 shares of the stock in a transaction on Monday, October 27th. The shares were acquired at an average price of $41.99 per share, with a total value of $35,271.60. Following the acquisition, the insider directly owned 372,547 shares of the company’s stock, valued at $15,643,248.53. The trade was a 0.23% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, major shareholder Gamco Investors, Inc. Et Al sold 800 shares of the stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $45.41, for a total value of $36,328.00. Following the sale, the insider owned 1,000 shares in the company, valued at approximately $45,410. This represents a 44.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,700 shares of company stock worth $167,859 over the last 90 days. 11.43% of the stock is currently owned by corporate insiders.

Atlanta Braves Stock Performance

Shares of BATRK opened at $40.72 on Friday. Atlanta Braves Holdings, Inc. has a fifty-two week low of $35.46 and a fifty-two week high of $47.18. The business has a 50-day moving average of $41.40 and a 200 day moving average of $42.47. The firm has a market cap of $2.56 billion, a P/E ratio of -116.34 and a beta of 0.61.

Atlanta Braves (NASDAQ:BATRK) last issued 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 business had revenue of $312.44 million for the quarter, compared to analysts’ expectations of $296.36 million. As a group, research analysts predict that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share 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.