Harbor Capital Advisors Inc. Acquires 137,124 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Harbor Capital Advisors Inc. increased its holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) by 76.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 315,424 shares of the financial services provider's stock after acquiring an additional 137,124 shares during the period. Harbor Capital Advisors Inc. owned about 0.62% of Atlanta Braves worth $12,554,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in BATRK. Norden Group LLC purchased a new stake in shares of Atlanta Braves in the first quarter valued at about $721,000. Janney Montgomery Scott LLC boosted its stake in shares of Atlanta Braves by 8.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 9,820 shares of the financial services provider's stock worth $384,000 after buying an additional 780 shares during the last quarter. Quent Capital LLC grew its holdings in shares of Atlanta Braves by 568.4% in the first quarter. Quent Capital LLC now owns 1,651 shares of the financial services provider's stock valued at $64,000 after acquiring an additional 1,404 shares in the last quarter. Central Pacific Bank Trust Division purchased a new stake in shares of Atlanta Braves during the first quarter valued at approximately $487,000. Finally, Swiss National Bank lifted its holdings in Atlanta Braves by 11.8% during the first quarter. Swiss National Bank now owns 94,536 shares of the financial services provider's stock worth $3,693,000 after acquiring an additional 10,000 shares during the period. Institutional investors and hedge funds own 64.88% of the company's stock.

Atlanta Braves Stock Performance

NASDAQ BATRK traded up $0.70 on Friday, hitting $40.21. The stock had a trading volume of 321,178 shares, compared to its average volume of 276,566. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of -40.62 and a beta of 0.70. Atlanta Braves Holdings, Inc. has a 52-week low of $33.95 and a 52-week high of $44.42. The firm has a 50-day moving average of $40.67 and a 200-day moving average of $40.41.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) 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, research analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.44 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Rosenblatt Securities lowered their price objective on shares of 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 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.