10,862 Shares in Atlanta Braves Holdings, Inc. $BATRK Bought by Wavvest Wealth LLC

Wavvest Wealth LLC acquired a new position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund acquired 10,862 shares of the financial services provider’s stock, valued at approximately $575,000.

Several other institutional investors have also recently modified their holdings of BATRK. Troluce Capital Advisors LLC grew its holdings in Atlanta Braves by 274.9% during the 1st quarter. Troluce Capital Advisors LLC now owns 2,000,000 shares of the financial services provider’s stock valued at $85,400,000 after buying an additional 1,466,584 shares during the last quarter. Irenic Capital Management LP acquired a new position in shares of Atlanta Braves in the second quarter worth $26,209,000. Southpoint Capital Advisors LP raised its holdings in shares of Atlanta Braves by 28.6% in the first quarter. Southpoint Capital Advisors LP now owns 900,000 shares of the financial services provider’s stock worth $38,430,000 after acquiring an additional 200,000 shares during the last quarter. Baird Financial Group Inc. acquired a new position in shares of Atlanta Braves in the second quarter worth $8,459,000. Finally, Ancora Advisors LLC purchased a new stake in shares of Atlanta Braves in the second quarter valued at $8,163,000. 64.88% of the stock is currently owned by institutional investors and hedge funds.

Atlanta Braves Stock Down 0.2%

Shares of NASDAQ:BATRK opened at $50.07 on Thursday. The business has a fifty day simple moving average of $51.55 and a 200-day simple moving average of $50.47. Atlanta Braves Holdings, Inc. has a 52 week low of $37.76 and a 52 week high of $54.86.

Atlanta Braves (NASDAQ:BATRK) last released its earnings results on Wednesday, August 5th. The financial services provider reported ($0.19) earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.50). The company had revenue of $305.12 million during the quarter, compared to analysts’ expectations of $319.00 million. On average, equities analysts forecast that Atlanta Braves Holdings, Inc. will post -0.44 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have recently issued reports on BATRK shares. Rosenblatt Securities reduced their price objective on Atlanta Braves from $75.00 to $73.00 and set a “buy” rating on the stock in a research report on Friday, August 7th. Morgan Stanley cut Atlanta Braves from an “overweight” rating to an “equal weight” rating and set a $54.00 price objective for the company. in a research report on Wednesday, July 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Atlanta Braves in a research note on Monday, September 21st. Finally, Wall Street Zen downgraded shares of Atlanta Braves from a “hold” rating to a “strong sell” rating in a research note on Saturday, August 8th. One research 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’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $63.50.

Insider Transactions at Atlanta Braves

In related news, EVP Gregory Heller sold 80,263 shares of the firm’s stock in a transaction that occurred on Tuesday, September 29th. The shares were sold at an average price of $53.89, for a total value of $4,325,373.07. Following the sale, the executive vice president directly owned 22,741 shares of the company’s stock, valued at approximately $1,225,512.49. This trade represents a 77.92% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Derek Schiller sold 175,395 shares of the firm’s stock in a transaction that occurred on Wednesday, September 30th. The stock was sold at an average price of $53.20, for a total transaction of $9,331,014.00. Following the completion of the sale, the executive vice president directly owned 316,908 shares in the company, valued at $16,859,505.60. This represents a 35.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 11.43% of the company’s stock.

Atlanta Braves Profile

Atlanta Braves Holdings, Inc owns and operates the Atlanta Braves, a Major League Baseball franchise based in Atlanta, Georgia. The organization generates revenue through professional baseball operations, including ticket sales, sponsorships, broadcasting and media rights, licensing, concessions, premium seating and hospitality.

The Braves play their home games at Truist Park, which opened in 2017 in Cobb County, northwest of downtown Atlanta. The surrounding Battery Atlanta development provides additional dining, retail, entertainment, office and residential offerings, as well as event and hospitality services, supporting the company’s broader sports and mixed-use real estate activities.

The franchise traces its history to 1871 and has operated in Atlanta since 1966, following earlier periods in Boston and Milwaukee.