Atlanta Braves (NASDAQ:BATRK) Sets New 1-Year High at $44.16

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)’s stock price hit a new 52-week high on Wednesday . The stock traded as high as $44.16 and last traded at $44.15, with a volume of 97402 shares trading hands. The stock had previously closed at $43.11.

Wall Street Analyst Weigh In

Separately, Rosenblatt Securities dropped their price target on shares of Atlanta Braves from $54.00 to $53.00 and set a “buy” rating on the stock in a research note on Wednesday, August 14th.

Atlanta Braves Stock Performance

The firm has a market capitalization of $2.17 billion and a price-to-earnings ratio of -21.44. The firm has a fifty day moving average price of $41.88 and a 200 day moving average price of $39.92.

Atlanta Braves (NASDAQ:BATRK) last released its earnings results on Thursday, August 8th. The financial services provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.05. The business had revenue of $282.88 million during the quarter, compared to analyst estimates of $288.20 million. During the same period last year, the business posted ($0.55) EPS. Research analysts predict that Atlanta Braves Holdings, Inc. will post -0.46 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, major shareholder Associated Capital Group, Inc. purchased 2,000 shares of Atlanta Braves stock in a transaction dated Monday, June 24th. The stock was bought at an average cost of $39.96 per share, for a total transaction of $79,920.00. Following the transaction, the insider now owns 7,550 shares in the company, valued at $301,698. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 11.43% of the stock is currently owned by company insiders.

Institutional Trading of Atlanta Braves

Several large investors have recently bought and sold shares of BATRK. Moran Wealth Management LLC grew its position in shares of Atlanta Braves by 4.7% in 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 last quarter. Third Avenue Management LLC grew its holdings in Atlanta Braves by 1.2% during the 4th quarter. Third Avenue Management LLC now owns 26,000 shares of the financial services provider’s stock valued at $1,029,000 after buying an additional 300 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased 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 worth $528,000 after buying an additional 341 shares in the last quarter. Delphi Management Inc. MA lifted its position in shares of Atlanta Braves by 0.8% in the second quarter. Delphi Management Inc. MA now owns 47,231 shares of the financial services provider’s stock valued at $1,863,000 after acquiring an additional 388 shares in the last quarter. Finally, Hahn Capital Management LLC boosted its stake in shares of 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 acquiring an additional 495 shares during the last quarter. Institutional investors and hedge funds own 64.88% of the company’s stock.

About Atlanta Braves

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.