Diversify Advisory Services LLC Purchases 19,672 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Diversify Advisory Services LLC acquired a new stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK – Free Report) during the 1st quarter, according to the company in its latest Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 19,672 shares of the financial services provider, valued at approximately $763,000.

Several other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its holdings in the Atlanta Braves by 20.3% in the third quarter. Vanguard Group Inc. now owns 2,343,979 shares of the financial services provider’s stock valued at $83,750,000 after purchasing an additional 396,079 shares in the last quarter. Broad Bay Capital Management LP increased its stake in shares of the Atlanta Braves by 17.4% during the fourth 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 purchasing an additional 300,000 shares in the last quarter. Gamco Investors INC. ET AL increased its stake in shares of the Atlanta Braves by 1.9% during the fourth quarter. English Gamco Investors INC. ET AL now owns 1,461,503 shares of the financial services provider’s stock valued at $57,846,000 after acquiring an additional 26,768 shares in the last quarter. Gabelli Funds LLC increased its stake in Atlanta Braves shares by 7.6% during the fourth quarter. Gabelli Funds LLC now owns 1,288,847 shares of the financial services provider’s stock valued at $51,013,000 after acquiring an additional 91,355 shares in the last quarter. Finally, Wellington Management Group LLP increased its stake in Atlanta Braves shares by 6.0% during the fourth quarter. Wellington Management Group LLP now owns 1,129,382 shares of the financial services provider’s stock valued at $44,701,000 after acquiring an additional 63,579 shares in the last quarter. Institutional investors and hedge funds hold 64.88% of the company’s shares.

Analyst Upgrades and Downgrades

Separately, TheStreet downgraded the Atlanta Braves from a “c-” to a “d+” in a research note on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, one has rated it with a hold rating, and two have rated it with a buy rating. The company currently has a consensus rating of “hold” and an average price target of $45.00, according to MarketBeat data.

Read our latest analysis on BATRK

Atlanta Braves shares rise 0.3%

BATRK opened at $40.14 on Friday. Atlanta Braves Holdings, Inc. has a 52-week low of $33.95 and a 52-week high of $50.15. The company’s 50-day simple moving average is $39.11 and its 200-day simple moving average is $39.16.

Atlanta Braves (NASDAQ:BATRK – Get Free Report) last released its financial results on Wednesday, May 8th. The financial services provider reported earnings per share of ($0.83) for the quarter, which was ($0.19) below the consensus estimate of ($0.64). The company had revenue of $37.08 million during the quarter, compared to analysts’ expectations of $39.63 million. On average, equity analysts expect Atlanta Braves Holdings, Inc. to post EPS of -0.46 for the current fiscal year.

Insider buying and selling

In other Atlanta Braves news, major shareholder Associated Capital Group, Inc. purchased 2,000 shares of Atlanta Braves stock in a transaction that occurred on Monday, June 24th. The shares were purchased at an average cost of $39.96 per share, for a total transaction of $79,920.00. Following the close of the transaction, the insider now owns 7,550 shares of the company’s stock, valued at approximately $301,698. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed via this link. Over the last ninety days, insiders have acquired 3,000 shares of the company’s stock valued at $121,765.

Atlanta Braves Company Profile

(Free report)

Atlanta Braves Holdings, Inc. owns and operates the Atlanta Braves Major League Baseball team. It also operates mixed-use development projects, including retail, office, hospitality and entertainment projects. The company was incorporated in 2022 and is headquartered in Englewood, Colorado.

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