Quent Capital LLC Increases Position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Quent Capital LLC increased its holdings of shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK – Free Report) by 568.4% during the first quarter, according to the company in its latest SEC filing (Form 13F). The fund owned 1,651 shares of the financial services provider after acquiring an additional 1,404 shares during the quarter. Quent Capital LLC’s holdings in Atlanta Braves were worth $64,000 in its latest SEC filing.

Other hedge funds and institutional investors also modified their holdings in the company. Broad Bay Capital Management LP increased its holdings in Atlanta Braves by 17.4% in 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. Sequoia Financial Advisors LLC purchased a new stake in Atlanta Braves in the fourth quarter valued at approximately $954,000. Freshford Capital Management LLC increased its holdings in Atlanta Braves by 84.9% in the fourth quarter. Freshford Capital Management LLC now owns 762,359 shares of the financial services provider’s stock valued at $30,174,000 after purchasing an additional 350,000 shares in the last quarter. Schwartz Investment Counsel Inc. acquired a new stake in Atlanta Braves in the fourth quarter valued at approximately $4,691,000. Finally, Diversify Advisory Services LLC acquired a new stake in Atlanta Braves in the first quarter valued at approximately $763,000. 64.88% of the shares are held by hedge funds and other institutional investors.

Changes in analyst ratings

Separately, TheStreet downgraded the Atlanta Braves from a “c-” to a “d+” rating in a research note on Tuesday, March 19th. One 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. Based on data from MarketBeat, the company currently has a consensus rating of “hold” and an average target price of $45.00.

Check out our latest Atlanta Braves research report

Atlanta Braves Stock Performance

BATRK shares opened at $40.94 on Tuesday. The company has a 50-day moving average of $39.11 and a 200-day moving average of $39.16. Atlanta Braves Holdings, Inc. has a 52-week low of $33.95 and a 52-week high of $50.15.

The Atlanta Braves (NASDAQ:BATRK – Get Free Report) released its quarterly results on Wednesday, May 8th. The financial services provider reported earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $39.63 million. On average, research analysts expect Atlanta Braves Holdings, Inc. to post EPS of -0.46 for the current year.

Insider Trading at the Atlanta Braves

In other Atlanta Braves news, majority shareholder Associated Capital Group, Inc. acquired 2,000 shares of Atlanta Braves stock in a transaction dated Monday, June 24. 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 transaction was disclosed in a legal filing with the SEC, accessible via this hyperlink. Over the last three months, insiders have acquired 3,000 shares of the company’s stock valued at $121,765.

About the Atlanta Braves

(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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