Aristeia Capital L.L.C. Increases Stock Position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Aristeia Capital L.L.C. raised its stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 42.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,321,464 shares of the financial services provider’s stock after purchasing an additional 396,720 shares during the period. Atlanta Braves accounts for approximately 1.2% of Aristeia Capital L.L.C.’s holdings, making the stock its 14th biggest position. Aristeia Capital L.L.C. owned 2.61% of Atlanta Braves worth $52,119,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in BATRK. Broad Bay Capital Management LP raised its stake in Atlanta Braves by 17.4% during the fourth quarter. Broad Bay Capital Management LP now owns 2,023,789 shares of the financial services provider’s stock valued at $80,102,000 after purchasing an additional 300,000 shares in the last quarter. Freshford Capital Management LLC raised its position in shares of Atlanta Braves by 84.9% during the 4th quarter. Freshford Capital Management LLC now owns 762,359 shares of the financial services provider’s stock valued at $30,174,000 after buying an additional 350,000 shares in the last quarter. Diversify Advisory Services LLC purchased a new position in Atlanta Braves in the first quarter worth about $763,000. SG Americas Securities LLC purchased a new position in Atlanta Braves in the second quarter worth about $1,177,000. Finally, Eagle Asset Management Inc. bought a new stake in Atlanta Braves during the fourth quarter worth approximately $3,909,000. Hedge funds and other institutional investors own 64.88% of the company’s stock.

Analyst Ratings Changes

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

Atlanta Braves Price Performance

Atlanta Braves stock opened at $40.91 on Tuesday. Atlanta Braves Holdings, Inc. has a 1-year low of $33.95 and a 1-year high of $44.42. The company’s 50-day moving average is $42.22 and its 200 day moving average is $40.12. The firm has a market capitalization of $2.07 billion, a P/E ratio of -20.46 and a beta of 0.72.

Atlanta Braves (NASDAQ:BATRK) last issued its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.05. The business had revenue of $282.88 million for the quarter, compared to the consensus estimate of $288.20 million. During the same period in the prior year, the business posted ($0.55) earnings per share. Research analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.31 earnings per share 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.