Sanders Morris Harris LLC Buys Shares of 15,150 Atlanta Braves Holdings, Inc. $BATRK

Sanders Morris Harris LLC purchased a new position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 15,150 shares of the financial services provider’s stock, valued at approximately $630,000.

A number of other hedge funds have also recently added to or reduced their stakes in BATRK. Aristeia Capital L.L.C. lifted its holdings in Atlanta Braves by 2.3% during the 1st quarter. Aristeia Capital L.L.C. now owns 2,470,052 shares of the financial services provider’s stock worth $98,827,000 after buying an additional 55,690 shares during the period. T. Rowe Price Investment Management Inc. lifted its stake in shares of Atlanta Braves by 8.2% in the first quarter. T. Rowe Price Investment Management Inc. now owns 1,829,000 shares of the financial services provider’s stock valued at $73,179,000 after buying an additional 138,111 shares in the last quarter. Broad Bay Capital Management LP grew its holdings in Atlanta Braves by 24.3% during the first quarter. Broad Bay Capital Management LP now owns 1,732,882 shares of the financial services provider’s stock worth $69,333,000 after buying an additional 338,655 shares in the last quarter. Gabelli Funds LLC increased its stake in Atlanta Braves by 3.7% in the 1st quarter. Gabelli Funds LLC now owns 1,473,271 shares of the financial services provider’s stock valued at $58,946,000 after buying an additional 52,777 shares during the last quarter. Finally, Gamco Investors INC. ET AL increased its position in shares of Atlanta Braves by 1.2% during the 2nd quarter. Gamco Investors INC. ET AL now owns 1,452,088 shares of the financial services provider’s stock valued at $67,914,000 after purchasing an additional 16,663 shares during the last quarter. Institutional investors and hedge funds own 64.88% of the company’s stock.

Atlanta Braves Trading Up 0.7%

NASDAQ BATRK opened at $40.18 on Thursday. Atlanta Braves Holdings, Inc. has a 12 month low of $35.46 and a 12 month high of $47.18. The company’s 50 day moving average is $39.37 and its two-hundred day moving average is $42.28. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of -1,004.12 and a beta of 0.62.

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

Insider Transactions at Atlanta Braves

In other news, major shareholder John C. Malone purchased 28,567 shares of the firm’s stock in a transaction on Monday, November 17th. The stock was acquired at an average cost of $41.97 per share, with a total value of $1,198,956.99. Following the completion of the transaction, the insider owned 479,972 shares in the company, valued at $20,144,424.84. This represents a 6.33% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, major shareholder Gamco Investors, Inc. Et Al sold 1,100 shares of the stock in a transaction that occurred on Friday, September 19th. The shares were 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 of the company’s stock, valued at $81,342. The trade was a 37.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders bought 67,236 shares of company stock worth $2,822,097 and sold 2,900 shares worth $131,467. Corporate insiders own 11.43% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on BATRK shares. Rosenblatt Securities reissued a “buy” rating and issued a $69.00 price target on shares of Atlanta Braves in a research report on Tuesday, December 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of Atlanta Braves in a report on Monday. Zacks Research cut Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. Finally, Wall Street Zen upgraded shares of Atlanta Braves from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. One investment analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Atlanta Braves presently has an average rating of “Hold” and an average target price of $57.00.

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.