Rhumbline Advisers Increases Stock Position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Rhumbline Advisers increased its holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 13.9% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 71,651 shares of the financial services provider’s stock after buying an additional 8,733 shares during the period. Rhumbline Advisers owned 0.14% of Atlanta Braves worth $2,826,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its position in shares of 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 valued at $528,000 after buying an additional 341 shares during the period. Brown Brothers Harriman & Co. increased its holdings in Atlanta Braves by 31.2% during the 4th quarter. Brown Brothers Harriman & Co. now owns 2,452 shares of the financial services provider’s stock worth $97,000 after acquiring an additional 583 shares during the period. Redmont Wealth Advisors LLC lifted its stake in Atlanta Braves by 4.2% in the 1st quarter. Redmont Wealth Advisors LLC now owns 15,393 shares of the financial services provider’s stock worth $601,000 after purchasing an additional 614 shares in the last quarter. ProShare Advisors LLC boosted its holdings in Atlanta Braves by 8.5% in the 1st quarter. ProShare Advisors LLC now owns 8,186 shares of the financial services provider’s stock valued at $320,000 after purchasing an additional 644 shares during the period. Finally, Janney Montgomery Scott LLC grew its position in shares of Atlanta Braves by 8.6% during the 1st quarter. Janney Montgomery Scott LLC now owns 9,820 shares of the financial services provider’s stock valued at $384,000 after purchasing an additional 780 shares in the last quarter. 64.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Atlanta Braves Trading Up 0.3 %

Shares of BATRK opened at $41.06 on Thursday. Atlanta Braves Holdings, Inc. has a 12-month low of $33.95 and a 12-month high of $44.42. The company has a market cap of $2.08 billion, a PE ratio of -20.53 and a beta of 0.72. The stock has a 50-day moving average price of $42.26 and a 200-day moving average price of $40.05.

Atlanta Braves (NASDAQ:BATRK) last announced its earnings results on Thursday, August 8th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.05. The company had revenue of $282.88 million for the quarter, compared to the consensus estimate of $288.20 million. During the same quarter in the previous year, the firm earned ($0.55) earnings per share. As a group, analysts predict that Atlanta Braves Holdings, Inc. will post -0.31 earnings per share for the current year.

Insider Transactions at Atlanta Braves

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

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.