Harvey Partners LLC Raises Stock Position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Harvey Partners LLC increased its holdings in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) by 14.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 507,000 shares of the financial services provider's stock after purchasing an additional 64,500 shares during the period. Atlanta Braves accounts for 2.3% of Harvey Partners LLC's holdings, making the stock its 18th biggest holding. Harvey Partners LLC owned about 1.00% of Atlanta Braves worth $20,179,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of BATRK. HBK Investments L P lifted its position in Atlanta Braves by 57.0% during the third quarter. HBK Investments L P now owns 480,000 shares of the financial services provider's stock valued at $19,104,000 after acquiring an additional 174,300 shares during the last quarter. SG Americas Securities LLC purchased a new stake in Atlanta Braves during the second quarter valued at approximately $1,177,000. Vanguard Group Inc. lifted its position 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 valued at $91,505,000 after acquiring an additional 53,272 shares during the last quarter. Harbor Capital Advisors Inc. lifted its position in Atlanta Braves by 76.9% during the third quarter. Harbor Capital Advisors Inc. now owns 315,424 shares of the financial services provider's stock valued at $12,554,000 after acquiring an additional 137,124 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its position in Atlanta Braves by 19.2% during the second quarter. Bank of New York Mellon Corp now owns 178,903 shares of the financial services provider's stock valued at $7,056,000 after acquiring an additional 28,879 shares during the last quarter. 64.88% of the stock is currently owned by institutional investors.

Atlanta Braves Price Performance

BATRK stock traded down $0.16 during midday trading on Tuesday, hitting $40.38. 462,806 shares of the stock traded hands, compared to its average volume of 234,596. The firm has a market cap of $2.05 billion, a P/E ratio of -54.93 and a beta of 0.69. The stock's fifty day simple moving average is $40.16 and its 200-day simple moving average is $40.73. Atlanta Braves Holdings, Inc. has a 1-year low of $35.46 and a 1-year high of $44.42.

Analysts Set New Price Targets

Separately, Rosenblatt Securities decreased their price target on shares of 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 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.