State of Wyoming Makes New $717,000 Investment in Atlanta Braves Holdings, Inc. $BATRK

State of Wyoming bought a new position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) in the 2nd quarter, Holdings Channel.com reports. The fund bought 15,334 shares of the financial services provider’s stock, valued at approximately $717,000.

Several other large investors have also modified their holdings of BATRK. Aristeia Capital L.L.C. grew its stake in Atlanta Braves by 2.3% in the first quarter. Aristeia Capital L.L.C. now owns 2,470,052 shares of the financial services provider’s stock worth $98,827,000 after purchasing an additional 55,690 shares in the last quarter. T. Rowe Price Investment Management Inc. lifted its holdings in Atlanta Braves by 8.2% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,829,000 shares of the financial services provider’s stock worth $73,179,000 after buying an additional 138,111 shares during the last quarter. Broad Bay Capital Management LP grew its position in shares of 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 in the last quarter. Gabelli Funds LLC increased its holdings in shares of Atlanta Braves by 3.7% in the 1st 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. Finally, Gamco Investors INC. ET AL raised its position in shares of Atlanta Braves by 1.2% during the 2nd quarter. Gamco Investors INC. ET AL now owns 1,452,088 shares of the financial services provider’s stock valued at $67,914,000 after acquiring an additional 16,663 shares in the last quarter. Institutional investors own 64.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on BATRK. Rosenblatt Securities reaffirmed a “buy” rating and issued a $69.00 price objective on shares of Atlanta Braves in a report on Tuesday, December 2nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Atlanta Braves in a report on Monday, December 8th. Zacks Research downgraded shares of Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research report on Friday, December 5th. Finally, Wall Street Zen upgraded shares of Atlanta Braves from a “sell” rating to a “hold” rating in a research note on Saturday, December 6th. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $57.00.

Atlanta Braves Stock Performance

Shares of BATRK opened at $39.94 on Monday. The firm has a fifty day moving average of $39.41 and a 200-day moving average of $42.30. The company has a market cap of $2.06 billion, a price-to-earnings ratio of -998.25 and a beta of 0.62. Atlanta Braves Holdings, Inc. has a 1 year low of $35.46 and a 1 year high of $47.18.

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

Insider Activity at Atlanta Braves

In other Atlanta Braves news, major shareholder John C. Malone purchased 4,631 shares of the business’s stock in a transaction dated Tuesday, November 18th. The shares were bought at an average price of $41.99 per share, with a total value of $194,455.69. Following the completion of the acquisition, the insider owned 484,603 shares in the company, valued at approximately $20,348,479.97. This represents a 0.96% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Gamco Investors, Inc. Et Al sold 800 shares of the stock in a transaction that occurred on Thursday, September 25th. The stock was sold at an average price of $45.41, for a total value of $36,328.00. Following the completion of the transaction, the insider directly owned 1,000 shares of the company’s stock, valued at $45,410. This trade represents a 44.44% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders acquired 67,236 shares of company stock worth $2,822,097 and sold 3,700 shares worth $167,859.

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.