Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Shares Acquired by nVerses Capital LLC

nVerses Capital LLC increased its holdings in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 25.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,000 shares of the financial services provider’s stock after acquiring an additional 600 shares during the quarter. nVerses Capital LLC’s holdings in Atlanta Braves were worth $119,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of BATRK. Quent Capital LLC lifted its stake in Atlanta Braves by 568.4% during the first quarter. Quent Capital LLC now owns 1,651 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 1,404 shares during the last quarter. Hahn Capital Management LLC lifted its stake 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 worth $77,000 after purchasing an additional 495 shares during the last quarter. OFI Invest Asset Management purchased a new stake in Atlanta Braves in the second quarter valued at approximately $156,000. Mogy Joel R Investment Counsel Inc. purchased a new stake in Atlanta Braves in the second quarter valued at approximately $212,000. Finally, Hsbc Holdings PLC lifted its stake in Atlanta Braves by 29.2% in the second quarter. Hsbc Holdings PLC now owns 6,902 shares of the financial services provider’s stock valued at $269,000 after buying an additional 1,561 shares during the last quarter. 64.88% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Atlanta Braves Stock Down 2.6 %

Shares of NASDAQ BATRK opened at $40.02 on Monday. Atlanta Braves Holdings, Inc. has a fifty-two week low of $33.95 and a fifty-two week high of $44.42. The business has a 50 day moving average price of $41.15 and a two-hundred day moving average price of $40.32. The firm has a market cap of $2.03 billion, a PE ratio of -20.01 and a beta of 0.71.

Atlanta Braves (NASDAQ:BATRK) last announced its earnings results on Thursday, August 8th. The financial services provider reported $0.46 earnings per share for the quarter, beating the consensus estimate 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 previous year, the firm earned ($0.55) EPS. On average, analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.39 earnings per share for the current year.

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.