11,606 Shares in Atlanta Braves Holdings, Inc. $BATRK Bought by AXQ Capital LP

AXQ Capital LP purchased a new stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) during the third quarter, according to its most recent filing with the SEC. The fund purchased 11,606 shares of the financial services provider’s stock, valued at approximately $483,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. California State Teachers Retirement System increased its holdings in shares of Atlanta Braves by 0.7% in the second quarter. California State Teachers Retirement System now owns 39,984 shares of the financial services provider’s stock worth $1,870,000 after purchasing an additional 285 shares during the last quarter. Comerica Bank grew its holdings in 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 in the last quarter. BNP Paribas Financial Markets increased its stake in Atlanta Braves by 4.9% in the 2nd quarter. BNP Paribas Financial Markets now owns 7,885 shares of the financial services provider’s stock worth $369,000 after acquiring an additional 366 shares during the last quarter. Osaic Holdings Inc. increased its stake in Atlanta Braves by 38.1% in the 2nd quarter. Osaic Holdings Inc. now owns 1,464 shares of the financial services provider’s stock worth $68,000 after acquiring an additional 404 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its holdings in shares of Atlanta Braves by 6.9% during the 3rd quarter. Wealth Enhancement Advisory Services LLC now owns 6,603 shares of the financial services provider’s stock worth $269,000 after acquiring an additional 428 shares in the last quarter. Institutional investors own 64.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on BATRK shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Atlanta Braves in a report on Monday, December 29th. Zacks Research cut shares of Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, February 3rd. Wall Street Zen upgraded shares of Atlanta Braves from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Finally, Rosenblatt Securities reaffirmed a “buy” rating and issued a $69.00 price target on shares of Atlanta Braves in a report on Tuesday, December 2nd. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $57.00.

Insider Activity at Atlanta Braves

In other Atlanta Braves news, major shareholder John C. Malone bought 35,000 shares of the business’s stock in a transaction dated Thursday, February 5th. The shares were purchased at an average price of $44.23 per share, with a total value of $1,548,050.00. Following the completion of the purchase, the insider owned 521,862 shares in the company, valued at $23,081,956.26. This represents a 7.19% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website.

Atlanta Braves Trading Up 0.8%

Shares of NASDAQ:BATRK opened at $43.13 on Wednesday. The company has a market capitalization of $2.23 billion, a price-to-earnings ratio of -1,077.98 and a beta of 0.61. Atlanta Braves Holdings, Inc. has a 12 month low of $35.46 and a 12 month high of $47.18. The firm’s 50-day moving average is $40.33 and its 200 day moving average is $40.70.

Atlanta Braves Company Profile

The Atlanta Braves Real Estate Ownership Trust (NASDAQ:BATRK) is a publicly traded real estate investment trust established in 2021 by Liberty Braves Group. The trust’s primary purpose is to own and manage a portfolio of sports and entertainment properties related to the Atlanta Braves baseball franchise. BATRK generates stable rental income by leasing its assets to the Braves Baseball Club, LLC, under long-term lease agreements designed to align property performance with franchise needs.

The trust’s portfolio is anchored by Truist Park, the 41,084-seat baseball stadium that has served as the Braves’ home since 2017.