Highbridge Capital Management LLC Has $16.81 Million Stock Position in Atlanta Braves Holdings, Inc. $BATRK

Highbridge Capital Management LLC lifted its stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 8.3% during the 4th quarter, HoldingsChannel.com reports. The firm owned 426,160 shares of the financial services provider’s stock after buying an additional 32,527 shares during the period. Highbridge Capital Management LLC’s holdings in Atlanta Braves were worth $16,812,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. EverSource Wealth Advisors LLC grew its holdings in shares of Atlanta Braves by 956.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 697 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 631 shares in the last quarter. Jones Financial Companies Lllp grew its holdings in shares of Atlanta Braves by 218.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 799 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 548 shares in the last quarter. Advisory Services Network LLC acquired a new stake in shares of Atlanta Braves during the 3rd quarter worth $34,000. Comerica Bank grew its holdings in shares of Atlanta Braves by 44.8% during the 1st quarter. Comerica Bank now owns 1,031 shares of the financial services provider’s stock worth $41,000 after purchasing an additional 319 shares in the last quarter. Finally, Quarry LP grew its holdings in shares of Atlanta Braves by 287.5% during the 3rd quarter. Quarry LP now owns 1,585 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 1,176 shares in the last quarter. 64.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Atlanta Braves in a report on Friday, March 27th. Rosenblatt Securities raised their price objective on Atlanta Braves from $69.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Zacks Research lowered Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Wall Street Zen raised Atlanta Braves from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Atlanta Braves currently has a consensus rating of “Hold” and an average price target of $60.00.

Atlanta Braves Stock Up 0.6%

NASDAQ:BATRK opened at $49.59 on Friday. The stock’s 50-day simple moving average is $47.77 and its 200 day simple moving average is $43.15. The firm has a market capitalization of $2.62 billion, a PE ratio of -137.75 and a beta of 0.71. Atlanta Braves Holdings, Inc. has a twelve month low of $37.76 and a twelve month high of $52.05.

Atlanta Braves (NASDAQ:BATRK) last released its quarterly earnings data on Monday, May 11th. The financial services provider reported ($0.63) earnings per share for the quarter, beating the consensus estimate of ($0.83) by $0.20. The business had revenue of $72.01 million during the quarter, compared to analyst estimates of $64.60 million. On average, analysts anticipate that Atlanta Braves Holdings, Inc. will post 0.02 EPS for the current fiscal year.

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.