First Bank & Trust Increases Holdings in Atlanta Braves Holdings, Inc. $BATRK

by · The Cerbat Gem

First Bank & Trust increased its stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK – Free Report) by 6.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 7,132 shares of the financial services provider’s stock after acquiring an additional 452 shares during the quarter. First Bank & Trust’s holdings in Atlanta Braves were worth $334,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Parallel Advisors LLC grew its position in Atlanta Braves by 13.2% during the 2nd quarter. Parallel Advisors LLC now owns 4,130 shares of the financial services provider’s stock worth $193,000 after acquiring an additional 480 shares during the last quarter. Advisors Capital Management LLC grew its position in shares of Atlanta Braves by 2.5% in the 1st quarter. Advisors Capital Management LLC now owns 86,788 shares of the financial services provider’s stock worth $3,472,000 after buying an additional 2,105 shares during the last quarter. SageView Advisory Group LLC bought a new stake in shares of Atlanta Braves in the 1st quarter worth approximately $240,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of Atlanta Braves by 3.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 140,023 shares of the financial services provider’s stock worth $5,602,000 after buying an additional 4,868 shares during the last quarter. Finally, Aristeia Capital L.L.C. grew its position in shares of Atlanta Braves by 2.3% in the 1st quarter. Aristeia Capital L.L.C. now owns 2,470,052 shares of the financial services provider’s stock worth $98,827,000 after buying an additional 55,690 shares during the last quarter. 64.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Atlanta Braves

In other news, EVP Derek Gordon Schiller sold 30,000 shares of the business’s stock in a transaction on Friday, June 20th. The stock was sold at an average price of $45.50, for a total value of $1,365,000.00. Following the completion of the transaction, the executive vice president owned 300,233 shares in the company, valued at $13,660,601.50. The trade was a 9.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Atlanta Braves Trading Down 0.1%

Shares of NASDAQ:BATRK opened at $41.52 on Wednesday. The stock has a fifty day simple moving average of $44.50 and a two-hundred day simple moving average of $42.13. The stock has a market capitalization of $2.61 billion, a price-to-earnings ratio of -118.63 and a beta of 0.67. Atlanta Braves Holdings, Inc. has a 12-month low of $35.46 and a 12-month high of $47.18.

Atlanta Braves (NASDAQ:BATRK – Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.18). The business had revenue of $312.44 million during the quarter, compared to analyst estimates of $296.36 million. As a group, equities research analysts predict that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the company. Wall Street Zen upgraded Atlanta Braves from a “sell” rating to a “hold” rating in a research report on Thursday, May 22nd. Rosenblatt Securities lifted their price objective on Atlanta Braves from $52.00 to $69.00 and gave the stock a “buy” rating in a research report on Friday, June 20th. Finally, Citigroup upgraded Atlanta Braves to a “hold” rating and set a $45.00 price objective on the stock in a research report on Friday, June 13th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $57.00.

Get Our Latest Analysis on Atlanta Braves

About Atlanta Braves

(Free Report)

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.

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