Columbia Asset Management Increases Holdings in Atlanta Braves Holdings, Inc. $BATRK

Columbia Asset Management grew its holdings in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 38.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 27,475 shares of the financial services provider’s stock after purchasing an additional 7,700 shares during the quarter. Columbia Asset Management owned approximately 0.05% of Atlanta Braves worth $1,285,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in BATRK. Wellington Management Group LLP increased its holdings in Atlanta Braves by 105.9% in the 1st quarter. Wellington Management Group LLP now owns 1,348,113 shares of the financial services provider’s stock worth $53,938,000 after acquiring an additional 693,351 shares during the last quarter. Irenic Capital Management LP purchased a new stake in Atlanta Braves in the 1st quarter worth about $15,794,000. Broad Bay Capital Management LP increased its holdings in Atlanta Braves by 24.3% in the 1st quarter. Broad Bay Capital Management LP now owns 1,732,882 shares of the financial services provider’s stock worth $69,333,000 after acquiring an additional 338,655 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Atlanta Braves in the 1st quarter worth about $12,077,000. Finally, Nuveen LLC purchased a new stake in Atlanta Braves in the 1st quarter worth about $8,995,000. 64.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on BATRK. Citigroup raised Atlanta Braves to a “hold” rating and set a $45.00 price objective for the company in a report on Friday, June 13th. Rosenblatt Securities lifted their price objective on Atlanta Braves from $52.00 to $69.00 and gave the stock a “buy” rating in a report on Friday, June 20th. One investment analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $57.00.

Atlanta Braves Stock Up 0.5%

BATRK stock opened at $41.59 on Wednesday. The firm has a market capitalization of $2.61 billion, a PE ratio of -118.83 and a beta of 0.67. Atlanta Braves Holdings, Inc. has a twelve month low of $35.46 and a twelve month high of $47.18. The stock has a 50-day simple moving average of $43.50 and a two-hundred day simple moving average of $42.27.

Atlanta Braves (NASDAQ:BATRK) last posted its earnings results on Thursday, August 7th. The financial services provider reported $0.46 earnings per share 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. On average, equities research analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other Atlanta Braves news, major shareholder Gamco Investors, Inc. Et Al sold 1,100 shares of Atlanta Braves stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $45.19, for a total transaction of $49,709.00. Following the completion of the transaction, the insider owned 1,800 shares of the company’s stock, valued at $81,342. The trade was a 37.93% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 3,700 shares of company stock worth $167,859.

Atlanta Braves Company Profile

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.