SG Americas Securities LLC Grows Position in Atlanta Braves Holdings, Inc. $BATRK

SG Americas Securities LLC raised its stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 138.6% in the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 40,340 shares of the financial services provider’s stock after purchasing an additional 23,435 shares during the period. SG Americas Securities LLC’s holdings in Atlanta Braves were worth $1,678,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in BATRK. Gamco Investors INC. ET AL lifted 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 buying an additional 16,663 shares in the last quarter. Harvey Partners LLC increased its holdings in Atlanta Braves by 7.3% in the 2nd quarter. Harvey Partners LLC now owns 709,386 shares of the financial services provider’s stock worth $33,178,000 after acquiring an additional 48,386 shares in the last quarter. Dendur Capital LP bought a new stake in Atlanta Braves during the 2nd quarter worth approximately $20,111,000. HBK Investments L P lifted its holdings in Atlanta Braves by 5.6% during the second quarter. HBK Investments L P now owns 420,898 shares of the financial services provider’s stock valued at $19,685,000 after purchasing an additional 22,478 shares in the last quarter. Finally, Loomis Sayles & Co. L P boosted its position in shares of Atlanta Braves by 13.7% in the second quarter. Loomis Sayles & Co. L P now owns 316,320 shares of the financial services provider’s stock worth $14,794,000 after purchasing an additional 38,078 shares during the period. Institutional investors own 64.88% of the company’s stock.

Atlanta Braves Trading Down 0.4%

Shares of NASDAQ BATRK opened at $40.13 on Friday. 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 price is $39.30 and its 200-day moving average price is $41.74. The stock has a market capitalization of $2.07 billion, a price-to-earnings ratio of -1,003.00 and a beta of 0.62.

Atlanta Braves (NASDAQ:BATRK) last issued its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $309.06 million. On average, equities analysts predict that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.

Insider Transactions at Atlanta Braves

In other news, major shareholder John C. Malone acquired 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, with a total value of $194,455.69. Following the completion of the purchase, the insider directly owned 484,603 shares of the company’s stock, valued at $20,348,479.97. This represents a 0.96% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders acquired 67,236 shares of company stock valued at $2,822,097 in the last ninety days. 11.43% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Rosenblatt Securities restated a “buy” rating and set a $69.00 target price on shares of Atlanta Braves in a research note on Tuesday, December 2nd. Zacks Research raised Atlanta Braves from a “hold” rating to a “strong-buy” rating in a report on Monday, January 5th. Weiss Ratings restated a “sell (d-)” rating on shares of Atlanta Braves in a research report on Monday, December 29th. Finally, Wall Street Zen upgraded Atlanta Braves from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $57.00.

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.