Sage Investment Advisers LLC purchased a new position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK – Free Report) during the fourth quarter, Holdings Channel reports. The firm purchased 8,508 shares of the financial services provider’s stock, valued at approximately $337,000.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. HHM Wealth Advisors LLC acquired a new position in Atlanta Braves in the 3rd quarter valued at about $46,000. Investors Research Corp purchased a new stake in shares of Atlanta Braves in the 3rd quarter valued at approximately $52,000. Montag A & Associates Inc. purchased a new stake in shares of Atlanta Braves in the 3rd quarter valued at approximately $127,000. Sumitomo Mitsui Trust Holdings Inc. purchased a new stake in shares of Atlanta Braves in the 3rd quarter valued at approximately $201,000. Finally, Aire Advisors LLC purchased a new stake in shares of Atlanta Braves in the 4th quarter valued at approximately $207,000. 64.88% of the stock is currently owned by institutional investors and hedge funds.
Atlanta Braves Price Performance
Shares of Atlanta Braves stock traded up $0.20 on Wednesday, reaching $39.13. The company had a trading volume of 113,512 shares, compared to its average volume of 172,432. Atlanta Braves Holdings, Inc. has a 52-week low of $33.95 and a 52-week high of $50.15. The firm’s 50 day moving average price is $38.45 and its two-hundred day moving average price is $38.19.
Analysts Set New Price Targets
Separately, TheStreet downgraded shares of Atlanta Braves from a “c-” rating to a “d+” rating in a research note on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $45.00.
View Our Latest Report on BATRK
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.
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