5,363 Shares in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Bought by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC bought a new stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,363 shares of the financial services provider’s stock, valued at approximately $213,000.

Several other institutional investors and hedge funds have also bought and sold shares of BATRK. Quent Capital LLC increased its position in shares of Atlanta Braves by 568.4% during the 1st quarter. Quent Capital LLC now owns 1,651 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 1,404 shares during the last quarter. Hahn Capital Management LLC grew 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 buying an additional 495 shares during the period. nVerses Capital LLC purchased a new stake in Atlanta Braves during the second quarter valued at approximately $95,000. OFI Invest Asset Management bought a new position in Atlanta Braves in the second quarter worth approximately $156,000. Finally, Mogy Joel R Investment Counsel Inc. bought a new position in Atlanta Braves in the second quarter worth approximately $212,000. 64.88% of the stock is owned by hedge funds and other institutional investors.

Atlanta Braves Stock Down 0.8 %

NASDAQ BATRK opened at $40.05 on Friday. The stock’s 50-day moving average price is $41.00 and its 200-day moving average price is $40.34. The company has a market capitalization of $2.03 billion, a P/E ratio of -20.03 and a beta of 0.71. Atlanta Braves Holdings, Inc. has a 52 week low of $33.95 and a 52 week high of $44.42.

Atlanta Braves (NASDAQ:BATRK) last posted its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.05. The firm had revenue of $282.88 million during the quarter, compared to the consensus estimate of $288.20 million. During the same quarter in the previous year, the company earned ($0.55) earnings per share. Research analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.39 EPS for the current year.

Wall Street Analyst Weigh In

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 research report on Wednesday, August 14th.

Atlanta Braves Company 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.