Atlanta Braves Holdings, Inc. $BATRK Shares Purchased by Highbridge Capital Management LLC

Highbridge Capital Management LLC raised its position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 34.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 393,633 shares of the financial services provider’s stock after purchasing an additional 101,765 shares during the period. Highbridge Capital Management LLC’s holdings in Atlanta Braves were worth $16,371,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of BATRK. Redmont Wealth Advisors LLC acquired a new position in shares of Atlanta Braves during the third quarter worth $564,000. Advisors Capital Management LLC boosted its holdings in Atlanta Braves by 8.2% in the third quarter. Advisors Capital Management LLC now owns 98,551 shares of the financial services provider’s stock valued at $4,099,000 after purchasing an additional 7,428 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Atlanta Braves by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 2,472,019 shares of the financial services provider’s stock valued at $102,811,000 after buying an additional 23,694 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Atlanta Braves by 46.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 204,929 shares of the financial services provider’s stock worth $8,523,000 after acquiring an additional 64,968 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D boosted its stake in Atlanta Braves by 5.1% in the third quarter. State of New Jersey Common Pension Fund D now owns 48,552 shares of the financial services provider’s stock valued at $2,019,000 after acquiring an additional 2,367 shares in the last quarter. 64.88% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, major shareholder John C. Malone purchased 35,000 shares of the stock in a transaction that occurred on Thursday, February 5th. The shares were acquired at an average price 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 approximately $23,081,956.26. The trade was a 7.19% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 11.43% of the company’s stock.

Wall Street Analyst Weigh In

BATRK has been the topic of several research analyst reports. Zacks Research lowered Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, February 3rd. Rosenblatt Securities reaffirmed a “buy” rating and set a $69.00 price objective on shares of Atlanta Braves in a research report on Tuesday, December 2nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Atlanta Braves in a report on Monday, December 29th. 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 research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $57.00.

Atlanta Braves Price Performance

Shares of BATRK stock opened at $43.13 on Friday. Atlanta Braves Holdings, Inc. has a 1-year low of $35.46 and a 1-year high of $47.18. The business’s fifty day moving average price is $40.21 and its 200 day moving average price is $40.75. The firm has a market capitalization of $2.23 billion, a PE ratio of -1,077.98 and a beta of 0.61.

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.