Entropy Technologies LP Makes New Investment in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Entropy Technologies LP bought a new position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 7,548 shares of the financial services provider’s stock, valued at approximately $300,000.

A number of other hedge funds also recently made changes to their positions in BATRK. Aristeia Capital L.L.C. lifted its position in Atlanta Braves by 42.9% during the second quarter. Aristeia Capital L.L.C. now owns 1,321,464 shares of the financial services provider’s stock valued at $52,119,000 after purchasing an additional 396,720 shares during the last quarter. Schwartz Investment Counsel Inc. raised its position in shares of Atlanta Braves by 54.6% during the 2nd quarter. Schwartz Investment Counsel Inc. now owns 542,264 shares of the financial services provider’s stock valued at $21,387,000 after buying an additional 191,478 shares in the last quarter. Harbor Capital Advisors Inc. grew its position in Atlanta Braves by 76.9% in the third quarter. Harbor Capital Advisors Inc. now owns 315,424 shares of the financial services provider’s stock worth $12,554,000 after acquiring an additional 137,124 shares in the last quarter. Vanguard Group Inc. increased its stake in Atlanta Braves by 2.3% during the first quarter. Vanguard Group Inc. now owns 2,342,671 shares of the financial services provider’s stock worth $91,505,000 after acquiring an additional 53,272 shares during the last quarter. Finally, Quarry LP raised its position in Atlanta Braves by 30,140.2% during the second quarter. Quarry LP now owns 51,106 shares of the financial services provider’s stock valued at $2,016,000 after purchasing an additional 50,937 shares during the period. 64.88% of the stock is currently owned by hedge funds and other institutional investors.

Atlanta Braves Trading Down 2.2 %

Shares of BATRK opened at $40.07 on Friday. The company’s fifty day simple moving average is $40.33 and its 200-day simple moving average is $40.58. The company has a market cap of $2.04 billion, a P/E ratio of -54.89 and a beta of 0.70. Atlanta Braves Holdings, Inc. has a twelve month low of $35.37 and a twelve month high of $44.42.

Analyst Ratings Changes

Separately, Rosenblatt Securities dropped their target price on 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 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.