First Bank & Trust Invests $292,000 in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

First Bank & Trust bought a new position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) during the 1st quarter, HoldingsChannel reports. The fund bought 7,487 shares of the financial services provider’s stock, valued at approximately $292,000.

Several other large investors have also made changes to their positions in BATRK. Janney Montgomery Scott LLC bought a new stake in Atlanta Braves during the 3rd quarter worth about $312,000. Deutsche Bank AG boosted its stake in shares of Atlanta Braves by 38.4% in the 3rd quarter. Deutsche Bank AG now owns 25,419 shares of the financial services provider’s stock valued at $908,000 after purchasing an additional 7,058 shares during the last quarter. Rhumbline Advisers boosted its stake in shares of Atlanta Braves by 21.0% in the 3rd quarter. Rhumbline Advisers now owns 66,161 shares of the financial services provider’s stock valued at $2,364,000 after purchasing an additional 11,478 shares during the last quarter. Ancora Advisors LLC boosted its stake in shares of Atlanta Braves by 16.7% in the 3rd quarter. Ancora Advisors LLC now owns 136,352 shares of the financial services provider’s stock valued at $4,872,000 after purchasing an additional 19,504 shares during the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new position in shares of Atlanta Braves in the 3rd quarter valued at about $1,009,000. Institutional investors own 64.88% of the company’s stock.

Atlanta Braves Stock Up 1.6 %

Shares of NASDAQ BATRK opened at $39.44 on Friday. Atlanta Braves Holdings, Inc. has a 1 year low of $33.95 and a 1 year high of $50.15. The firm’s 50-day moving average is $38.93 and its 200-day moving average is $39.11.

Atlanta Braves (NASDAQ:BATRK) last announced its quarterly earnings results on Wednesday, May 8th. The financial services provider reported ($0.83) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.64) by ($0.19). The company had revenue of $37.08 million for the quarter, compared to analyst estimates of $39.63 million. As a group, analysts predict that Atlanta Braves Holdings, Inc. will post -0.46 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, TheStreet lowered 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 company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $45.00.

Insider Activity at Atlanta Braves

In other news, major shareholder Associated Capital Group, Inc. purchased 2,000 shares of the business’s stock in a transaction that occurred on Monday, June 24th. The shares were acquired at an average cost of $39.96 per share, for a total transaction of $79,920.00. Following the transaction, the insider now directly owns 7,550 shares of the company’s stock, valued at approximately $301,698. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 11.43% of the stock is currently owned by corporate insiders.

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.