Harvey Partners LLC Purchases 48,386 Shares of Atlanta Braves Holdings, Inc. $BATRK

Harvey Partners LLC lifted its holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 7.3% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 709,386 shares of the financial services provider’s stock after purchasing an additional 48,386 shares during the period. Atlanta Braves accounts for approximately 3.3% of Harvey Partners LLC’s portfolio, making the stock its 11th biggest holding. Harvey Partners LLC’s holdings in Atlanta Braves were worth $33,178,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. EverSource Wealth Advisors LLC grew its holdings in Atlanta Braves by 956.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 697 shares of the financial services provider’s stock valued at $33,000 after buying an additional 631 shares during the last quarter. Cullen Frost Bankers Inc. acquired a new stake in shares of Atlanta Braves in the second quarter worth $45,000. Comerica Bank grew its stake 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 worth $41,000 after acquiring an additional 319 shares during the last quarter. Summit Securities Group LLC bought a new position in Atlanta Braves during the first quarter worth $60,000. Finally, Signaturefd LLC raised its stake in Atlanta Braves by 28.4% during the 2nd quarter. Signaturefd LLC now owns 2,020 shares of the financial services provider’s stock valued at $94,000 after purchasing an additional 447 shares during the last quarter. Institutional investors own 64.88% of the company’s stock.

Insider Buying and Selling at Atlanta Braves

In other news, major shareholder John C. Malone bought 28,567 shares of the company’s stock in a transaction that occurred on Monday, November 17th. The stock was acquired at an average price of $41.97 per share, for a total transaction of $1,198,956.99. Following the transaction, the insider directly owned 479,972 shares of the company’s stock, valued at $20,144,424.84. This trade represents a 6.33% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, major shareholder Gamco Investors, Inc. Et Al sold 1,100 shares of Atlanta Braves stock in a transaction dated Friday, September 19th. The shares were sold at an average price of $45.19, for a total transaction of $49,709.00. Following the transaction, the insider directly owned 1,800 shares of the company’s stock, valued at $81,342. This represents a 37.93% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have acquired 67,236 shares of company stock valued at $2,822,097 and have sold 3,700 shares valued at $167,859. Corporate insiders own 11.43% of the company’s stock.

Atlanta Braves Stock Up 0.3%

NASDAQ:BATRK opened at $39.94 on Friday. The firm has a market capitalization of $2.06 billion, a PE ratio of -998.25 and a beta of 0.62. Atlanta Braves Holdings, Inc. has a 12-month low of $35.46 and a 12-month high of $47.18. The firm has a 50-day moving average price of $39.41 and a 200 day moving average price of $42.28.

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, beating the consensus estimate of $0.24 by $0.23. The company had revenue of $311.54 million during the quarter, compared to the consensus estimate of $309.06 million. On average, research analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.

Analysts Set New Price Targets

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

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.