Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Shares Acquired by Parthenon LLC

Parthenon LLC lifted its stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 8.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 86,440 shares of the financial services provider’s stock after buying an additional 6,686 shares during the period. Parthenon LLC owned approximately 0.17% of Atlanta Braves worth $3,409,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in BATRK. Moran Wealth Management LLC lifted its position in Atlanta Braves by 4.7% during the fourth quarter. Moran Wealth Management LLC now owns 6,394 shares of the financial services provider’s stock valued at $253,000 after purchasing an additional 287 shares during the period. Wealth Enhancement Advisory Services LLC lifted its position in Atlanta Braves by 2.6% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 13,388 shares of the financial services provider’s stock valued at $528,000 after purchasing an additional 341 shares during the period. Hahn Capital Management LLC lifted its position in Atlanta Braves by 33.7% during the second quarter. Hahn Capital Management LLC now owns 1,962 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 495 shares during the period. Brown Brothers Harriman & Co. lifted its position in Atlanta Braves by 31.2% during the fourth quarter. Brown Brothers Harriman & Co. now owns 2,452 shares of the financial services provider’s stock valued at $97,000 after purchasing an additional 583 shares during the period. Finally, Redmont Wealth Advisors LLC lifted its position in Atlanta Braves by 4.2% during the first quarter. Redmont Wealth Advisors LLC now owns 15,393 shares of the financial services provider’s stock valued at $601,000 after purchasing an additional 614 shares during the period. 64.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Atlanta Braves

In related news, major shareholder Associated Capital Group, Inc. acquired 2,000 shares of the firm’s stock in a transaction dated Monday, June 24th. The shares were purchased at an average cost of $39.96 per share, for a total transaction of $79,920.00. Following the acquisition, the insider now owns 7,550 shares in the company, valued at approximately $301,698. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 11.43% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Rosenblatt Securities cut their price objective on shares of Atlanta Braves from $54.00 to $53.00 and set a “buy” rating for the company in a report on Wednesday, August 14th.

Atlanta Braves Trading Down 0.6 %

Shares of NASDAQ BATRK opened at $40.15 on Friday. Atlanta Braves Holdings, Inc. has a 12-month low of $33.95 and a 12-month high of $44.42. The stock has a market cap of $2.03 billion, a PE ratio of -20.08 and a beta of 0.73. The company has a 50-day moving average of $42.23 and a 200 day moving average of $40.00.

Atlanta Braves (NASDAQ:BATRK) last posted its earnings results on Thursday, August 8th. The financial services provider reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.05. The firm had revenue of $282.88 million during the quarter, compared to analyst estimates of $288.20 million. During the same quarter in the previous year, the firm earned ($0.55) earnings per share. On average, sell-side analysts forecast that Atlanta Braves Holdings, Inc. will post -0.31 EPS for the current fiscal year.

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.