Atlanta Braves (NASDAQ:BATRK) Hits New 1-Year High at $44.16

Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Get Free Report)'s share price reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $44.16 and last traded at $44.15, with a volume of 97402 shares. The stock had previously closed at $43.11.

Wall Street Analysts Forecast Growth

Separately, Rosenblatt Securities cut their price target on shares of 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 Stock Up 2.0 %

The firm has a 50 day moving average price of $41.69 and a 200 day moving average price of $39.87. The stock has a market cap of $2.23 billion and a PE ratio of -21.99.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last issued its earnings results on Thursday, August 8th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping 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 quarter in the previous year, the company earned ($0.55) earnings per share. Equities analysts forecast that Atlanta Braves Holdings, Inc. will post -0.46 earnings per share for the current year.

Insider Activity at Atlanta Braves

In related news, major shareholder Associated Capital Group, Inc. acquired 2,000 shares of the company's stock in a transaction that occurred on Monday, June 24th. The shares were bought at an average price of $39.96 per share, with a total value of $79,920.00. Following the completion of the transaction, the insider now directly owns 7,550 shares in the company, valued at $301,698. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have acquired a total of 3,000 shares of company stock valued at $121,765 over the last ninety days. 11.43% of the stock is owned by company insiders.

Institutional Trading of Atlanta Braves

Several hedge funds and other institutional investors have recently made changes to their positions in BATRK. Moran Wealth Management LLC raised its position in shares of Atlanta Braves by 4.7% in the 4th quarter. Moran Wealth Management LLC now owns 6,394 shares of the financial services provider's stock valued at $253,000 after purchasing an additional 287 shares during the last quarter. Third Avenue Management LLC increased its stake in Atlanta Braves by 1.2% during the 4th quarter. Third Avenue Management LLC now owns 26,000 shares of the financial services provider's stock valued at $1,029,000 after purchasing an additional 300 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its holdings in shares of Atlanta Braves by 2.6% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 13,388 shares of the financial services provider's stock worth $528,000 after buying an additional 341 shares during the last quarter. Delphi Management Inc. MA lifted its stake in shares of Atlanta Braves by 0.8% during the second quarter. Delphi Management Inc. MA now owns 47,231 shares of the financial services provider's stock worth $1,863,000 after buying an additional 388 shares during the period. Finally, Hahn Capital Management LLC grew its holdings in shares of 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 last quarter. Hedge funds and other institutional investors own 64.88% of the company's stock.

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.