Geode Capital Management LLC Buys 2,173 Shares of Atlanta Braves Holdings, Inc. $BATRK

Geode Capital Management LLC increased its stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 0.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,034,929 shares of the financial services provider’s stock after purchasing an additional 2,173 shares during the period. Geode Capital Management LLC owned 2.02% of Atlanta Braves worth $48,408,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Parthenon LLC increased its stake in shares of Atlanta Braves by 83.1% in the 2nd quarter. Parthenon LLC now owns 158,295 shares of the financial services provider’s stock valued at $7,403,000 after buying an additional 71,855 shares during the period. Gabelli Funds LLC boosted its holdings in Atlanta Braves by 3.7% in the first quarter. Gabelli Funds LLC now owns 1,473,271 shares of the financial services provider’s stock valued at $58,946,000 after acquiring an additional 52,777 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new stake in Atlanta Braves in the second quarter worth about $288,000. Y Intercept Hong Kong Ltd bought a new stake in Atlanta Braves during the 2nd quarter worth about $3,273,000. Finally, Longboard Asset Management LP acquired a new position in Atlanta Braves in the second quarter valued at approximately $315,000. Institutional investors and hedge funds own 64.88% of the company’s stock.

Analysts Set New Price Targets

BATRK has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Atlanta Braves in a research note on Wednesday, November 19th. Wall Street Zen lowered Atlanta Braves from a “hold” rating to a “sell” rating in a research report on Saturday, November 8th. Finally, Zacks Research upgraded shares of Atlanta Braves from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $57.00.

Insider Buying and Selling

In other news, major shareholder Gamco Investors, Inc. Et Al sold 1,100 shares of the company’s stock in a transaction that occurred on Friday, September 19th. The shares were sold at an average price of $45.19, for a total value of $49,709.00. Following the completion of the transaction, the insider owned 1,800 shares in the company, valued at $81,342. This represents a 37.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder John C. Malone acquired 28,567 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The shares were bought at an average price of $41.97 per share, for a total transaction of $1,198,956.99. Following the completion of the acquisition, the insider owned 479,972 shares of the company’s stock, valued at $20,144,424.84. This trade represents a 6.33% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders acquired 67,236 shares of company stock worth $2,822,097 and sold 3,700 shares worth $167,859. Insiders own 11.43% of the company’s stock.

Atlanta Braves Trading Down 2.1%

BATRK stock opened at $38.05 on Tuesday. Atlanta Braves Holdings, Inc. has a 1-year low of $35.46 and a 1-year high of $47.18. The firm has a market cap of $1.96 billion, a PE ratio of -951.01 and a beta of 0.61. The business’s 50-day moving average price is $40.01 and its two-hundred day moving average price is $42.48.

Atlanta Braves (NASDAQ:BATRK) last released its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.23. The business had revenue of $311.54 million for the quarter, compared to analyst estimates of $309.06 million. On average, analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current year.

Atlanta Braves 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.