Atlanta Braves’ (BATRK) Buy Rating Reaffirmed at Rosenblatt Securities

Rosenblatt Securities reaffirmed their buy rating on shares of Atlanta Braves (NASDAQ:BATRK) in a research report sent to investors on Tuesday,Benzinga reports. Rosenblatt Securities currently has a $69.00 target price on the financial services provider’s stock.

Other equities research analysts also recently issued research reports about the company. Zacks Research raised Atlanta Braves from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Atlanta Braves in a research note on Wednesday, November 19th. Finally, Wall Street Zen downgraded shares of Atlanta Braves from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $57.00.

Atlanta Braves Price Performance

Shares of BATRK stock opened at $38.88 on Tuesday. The firm has a market cap of $2.01 billion, a P/E ratio of -971.76 and a beta of 0.62. Atlanta Braves has a 1-year low of $35.46 and a 1-year high of $47.18. The firm’s 50-day simple moving average is $39.75 and its 200-day simple moving average is $42.40.

Atlanta Braves (NASDAQ:BATRK) last announced its quarterly earnings data on Wednesday, November 5th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.23. The company had revenue of $311.54 million for the quarter, compared to analysts’ expectations of $309.06 million. Analysts expect that Atlanta Braves will post -0.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Atlanta Braves

In related news, major shareholder John C. Malone acquired 4,631 shares of the business’s stock in a transaction on Tuesday, November 18th. The stock was bought at an average cost of $41.99 per share, with a total value of $194,455.69. Following the completion of the acquisition, the insider owned 484,603 shares in the company, valued at $20,348,479.97. The trade was a 0.96% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Gamco Investors, Inc. Et Al sold 800 shares of the business’s stock in a transaction on Thursday, September 25th. The shares were sold at an average price of $45.41, for a total transaction of $36,328.00. Following the completion of the sale, the insider owned 1,000 shares in the company, valued at $45,410. This represents a 44.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders purchased 67,236 shares of company stock worth $2,822,097 and sold 3,700 shares worth $167,859.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Wellington Management Group LLP boosted its stake in shares of Atlanta Braves by 105.9% in 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 purchasing an additional 693,351 shares during the last quarter. Dendur Capital LP bought a new stake in shares of Atlanta Braves during the second quarter worth approximately $20,111,000. Irenic Capital Management LP acquired a new position in Atlanta Braves in the first quarter valued at approximately $15,794,000. Qube Research & Technologies Ltd lifted its holdings in Atlanta Braves by 504.1% in the third quarter. Qube Research & Technologies Ltd now owns 436,158 shares of the financial services provider’s stock valued at $18,140,000 after buying an additional 363,953 shares during the period. Finally, Broad Bay Capital Management LP boosted its stake in Atlanta Braves by 24.3% in the first 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 during the last quarter. Institutional investors own 64.88% of the company’s stock.

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.