Greenland Capital Management LP Has $4.27 Million Holdings in Atlanta Braves Holdings, Inc. $BATRK

Greenland Capital Management LP trimmed its position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 20.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 102,542 shares of the financial services provider’s stock after selling 26,125 shares during the quarter. Greenland Capital Management LP’s holdings in Atlanta Braves were worth $4,265,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Quent Capital LLC acquired a new stake in shares of Atlanta Braves during the third quarter valued at approximately $28,000. First Horizon Corp acquired a new position in Atlanta Braves in the 3rd quarter worth approximately $30,000. Farther Finance Advisors LLC grew its position in Atlanta Braves by 701.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 761 shares of the financial services provider’s stock worth $32,000 after purchasing an additional 666 shares in the last quarter. Jones Financial Companies Lllp raised its stake in Atlanta Braves by 218.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 799 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 548 shares during the period. Finally, EverSource Wealth Advisors LLC raised its stake in Atlanta Braves by 956.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 697 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 631 shares during the period. 64.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Atlanta Braves Trading Down 0.8%

BATRK opened at $42.77 on Tuesday. The stock has a fifty day moving average price of $40.26 and a 200 day moving average price of $40.70. Atlanta Braves Holdings, Inc. has a 1 year low of $35.46 and a 1 year high of $47.18. The stock has a market cap of $2.21 billion, a price-to-earnings ratio of -1,068.98 and a beta of 0.61.

Insider Buying and Selling at Atlanta Braves

In other news, major shareholder John C. Malone purchased 35,000 shares of Atlanta Braves stock in a transaction dated Thursday, February 5th. The stock was acquired at an average cost of $44.23 per share, for a total transaction of $1,548,050.00. Following the acquisition, the insider directly owned 521,862 shares in the company, valued at $23,081,956.26. This represents a 7.19% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

About Atlanta Braves

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.