Atlanta Braves Holdings, Inc. $BATRK Shares Acquired by Loomis Sayles & Co. L P

Loomis Sayles & Co. L P increased its stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 13.7% during the 2nd quarter, according to its most recent filing with the SEC. The institutional investor owned 316,320 shares of the financial services provider’s stock after acquiring an additional 38,078 shares during the period. Loomis Sayles & Co. L P’s holdings in Atlanta Braves were worth $14,794,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. CWM LLC raised its stake in shares of Atlanta Braves by 56.4% during the first quarter. CWM LLC now owns 824 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 297 shares during the period. 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 purchasing an additional 319 shares in the last quarter. Cullen Frost Bankers Inc. purchased a new stake in Atlanta Braves during the 2nd quarter worth $45,000. Summit Securities Group LLC acquired a new position in Atlanta Braves in the 1st quarter worth $60,000. Finally, BI Asset Management Fondsmaeglerselskab A S acquired a new stake in shares of Atlanta Braves during the first quarter valued at about $84,000. Hedge funds and other institutional investors own 64.88% of the company’s stock.

Atlanta Braves Price Performance

BATRK stock opened at $39.79 on Monday. The firm has a fifty day moving average price of $39.84 and a two-hundred day moving average price of $42.43. Atlanta Braves Holdings, Inc. has a 1-year low of $35.46 and a 1-year high of $47.18. The firm has a market cap of $2.05 billion, a price-to-earnings ratio of -994.50 and a beta of 0.61.

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

Insider Activity at Atlanta Braves

In related news, major shareholder Gamco Investors, Inc. Et Al sold 800 shares of the company’s stock in a transaction on Thursday, September 25th. The stock was sold at an average price of $45.41, for a total transaction of $36,328.00. Following the completion of the transaction, the insider directly owned 1,000 shares in the company, valued at $45,410. This represents a 44.44% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, major shareholder John C. Malone bought 4,631 shares of the company’s stock in a transaction on Tuesday, November 18th. The stock was bought at an average cost of $41.99 per share, for a total transaction of $194,455.69. Following the completion of the transaction, the insider directly owned 484,603 shares of the company’s stock, valued at $20,348,479.97. This trade represents a 0.96% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders purchased 67,236 shares of company stock worth $2,822,097 and sold 3,700 shares worth $167,859. Company insiders own 11.43% of the company’s stock.

Wall Street Analyst Weigh In

BATRK has been the topic of several recent analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Atlanta Braves in a research note on Wednesday, November 19th. Zacks Research raised shares of Atlanta Braves from a “hold” rating to a “strong-buy” rating in a report on Thursday, November 6th. Finally, Wall Street Zen lowered shares of Atlanta Braves from a “hold” rating to a “sell” rating in a report on Saturday, November 8th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $57.00.

About Atlanta Braves

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.