Atlanta Braves’ (BATRK) “Buy” Rating Reiterated at Rosenblatt Securities

Rosenblatt Securities restated their buy rating on shares of Atlanta Braves (NASDAQ:BATRK) in a report released on Tuesday,Benzinga reports. The brokerage currently has a $69.00 price target on the financial services provider’s stock.

Several other analysts have also recently commented on BATRK. Wall Street Zen cut shares of Atlanta Braves from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Zacks Research raised Atlanta Braves from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 6th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Atlanta Braves in a research report on Wednesday, November 19th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $57.00.

Atlanta Braves Price Performance

Shares of BATRK stock opened at $38.59 on Tuesday. The stock’s 50-day moving average is $39.65 and its 200 day moving average is $42.35. Atlanta Braves has a 1-year low of $35.46 and a 1-year high of $47.18. The company has a market cap of $1.99 billion, a P/E ratio of -964.51 and a beta of 0.62.

Atlanta Braves (NASDAQ:BATRK) last posted its earnings results on Wednesday, November 5th. The financial services provider reported $0.47 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.23. The firm had revenue of $311.54 million for the quarter, compared to analysts’ expectations of $309.06 million. On average, analysts anticipate that Atlanta Braves will post -0.89 EPS for the current year.

Insider Buying and Selling at Atlanta Braves

In related news, major shareholder John C. Malone purchased 28,567 shares of the business’s stock in a transaction 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 acquisition, the insider directly owned 479,972 shares in the company, valued at $20,144,424.84. This trade represents a 6.33% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, major shareholder Gamco Investors, Inc. Et Al sold 1,100 shares of the stock in a transaction dated 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 sale, the insider directly owned 1,800 shares in the company, valued at $81,342. This represents a 37.93% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders acquired 67,236 shares of company stock valued at $2,822,097 and sold 3,700 shares valued at $167,859. Insiders own 11.43% of the company’s stock.

Institutional Investors Weigh In On Atlanta Braves

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quent Capital LLC acquired a new position in Atlanta Braves in the third quarter valued at $28,000. First Horizon Corp acquired a new stake in shares of Atlanta Braves during the third quarter worth about $30,000. Farther Finance Advisors LLC lifted its holdings in shares of Atlanta Braves by 701.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 761 shares of the financial services provider’s stock valued at $32,000 after purchasing an additional 666 shares during the last quarter. CWM LLC boosted its position in shares of Atlanta Braves by 56.4% in the 1st quarter. CWM LLC now owns 824 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 297 shares during the period. Finally, Jones Financial Companies Lllp boosted its position in shares of Atlanta Braves by 218.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 799 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 548 shares during the period. 64.88% of the stock is currently owned by institutional investors and hedge funds.

About Atlanta Braves

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.