Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Shares Acquired by Aristeia Capital L.L.C.

Aristeia Capital L.L.C. boosted its position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) by 42.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,321,464 shares of the financial services provider's stock after buying an additional 396,720 shares during the period. Atlanta Braves makes up approximately 1.2% of Aristeia Capital L.L.C.'s investment portfolio, making the stock its 14th largest holding. Aristeia Capital L.L.C. owned 2.61% of Atlanta Braves worth $52,119,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of BATRK. Breach Inlet Capital Management LLC purchased a new stake in Atlanta Braves in the 4th quarter worth approximately $15,556,000. Freshford Capital Management LLC lifted its position in shares of Atlanta Braves by 84.9% during the 4th quarter. Freshford Capital Management LLC now owns 762,359 shares of the financial services provider's stock valued at $30,174,000 after buying an additional 350,000 shares in the last quarter. Broad Bay Capital Management LP lifted its position in shares of Atlanta Braves by 17.4% during the 4th quarter. Broad Bay Capital Management LP now owns 2,023,789 shares of the financial services provider's stock valued at $80,102,000 after buying an additional 300,000 shares in the last quarter. Schwartz Investment Counsel Inc. lifted its position in shares of Atlanta Braves by 54.6% during the 2nd quarter. Schwartz Investment Counsel Inc. now owns 542,264 shares of the financial services provider's stock valued at $21,387,000 after buying an additional 191,478 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in shares of Atlanta Braves by 289.5% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 178,300 shares of the financial services provider's stock valued at $7,032,000 after buying an additional 132,520 shares in the last quarter. Hedge funds and other institutional investors own 64.88% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Rosenblatt Securities decreased their target price 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 Price Performance

NASDAQ BATRK traded down $0.42 during mid-day trading on Tuesday, hitting $40.49. The stock had a trading volume of 62,146 shares, compared to its average volume of 206,276. The firm's 50 day moving average is $42.22 and its 200 day moving average is $40.12. Atlanta Braves Holdings, Inc. has a twelve month low of $33.95 and a twelve month high of $44.42. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of -20.46 and a beta of 0.72.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.41 by $0.05. The firm had revenue of $282.88 million during the quarter, compared to analyst estimates of $288.20 million. During the same period in the prior year, the company posted ($0.55) earnings per share. As a group, equities research analysts expect that Atlanta Braves Holdings, Inc. will post -0.31 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.