Cinctive Capital Management LP Has $6.21 Million Stake in Atlanta Braves Holdings, Inc. $BATRK

Cinctive Capital Management LP raised its position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 35.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 157,411 shares of the financial services provider’s stock after purchasing an additional 40,843 shares during the quarter. Cinctive Capital Management LP’s holdings in Atlanta Braves were worth $6,210,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC increased its position in shares of Atlanta Braves by 956.1% in the second quarter. EverSource Wealth Advisors LLC now owns 697 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 631 shares during the last quarter. Jones Financial Companies Lllp increased its position in shares of Atlanta Braves by 218.3% in the third quarter. Jones Financial Companies Lllp now owns 799 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 548 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Atlanta Braves in the third quarter valued at about $34,000. Comerica Bank increased its position in shares of Atlanta Braves by 44.8% in the first quarter. Comerica Bank now owns 1,031 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 319 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Atlanta Braves in the fourth quarter valued at about $51,000. Institutional investors and hedge funds own 64.88% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Zacks Research downgraded Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Atlanta Braves in a research report on Friday, March 27th. Rosenblatt Securities lifted their target price on Atlanta Braves from $69.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. Finally, Wall Street Zen raised Atlanta Braves from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $75.00.

Atlanta Braves Stock Down 0.9%

Shares of NASDAQ:BATRK opened at $51.10 on Thursday. Atlanta Braves Holdings, Inc. has a 12-month low of $37.76 and a 12-month high of $52.11. The stock has a market cap of $2.70 billion, a PE ratio of -141.94 and a beta of 0.71. The business has a 50 day moving average of $49.04 and a 200-day moving average of $43.87.

Atlanta Braves (NASDAQ:BATRK) last issued its quarterly earnings data on Monday, May 11th. The financial services provider reported ($0.63) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.83) by $0.20. The firm had revenue of $72.01 million for the quarter, compared to the consensus estimate of $64.60 million. Equities research analysts expect that Atlanta Braves Holdings, Inc. will post 0.02 earnings per share for the current year.

Atlanta Braves Company Profile

The Atlanta Braves Real Estate Ownership Trust (NASDAQ:BATRK) is a publicly traded real estate investment trust established in 2021 by Liberty Braves Group. The trust’s primary purpose is to own and manage a portfolio of sports and entertainment properties related to the Atlanta Braves baseball franchise. BATRK generates stable rental income by leasing its assets to the Braves Baseball Club, LLC, under long-term lease agreements designed to align property performance with franchise needs.

The trust’s portfolio is anchored by Truist Park, the 41,084-seat baseball stadium that has served as the Braves’ home since 2017.