SG Americas Securities LLC Has $7.86 Million Holdings in Atlanta Braves Holdings, Inc. $BATRK

SG Americas Securities LLC cut its holdings in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 6.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 184,058 shares of the financial services provider’s stock after selling 12,555 shares during the quarter. SG Americas Securities LLC owned 0.35% of Atlanta Braves worth $7,859,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BATRK. Troluce Capital Advisors LLC acquired a new stake in Atlanta Braves during the fourth quarter worth approximately $21,043,000. Hawk Ridge Capital Management LP lifted its position in shares of Atlanta Braves by 16.5% during the 4th quarter. Hawk Ridge Capital Management LP now owns 2,661,429 shares of the financial services provider’s stock valued at $104,993,000 after acquiring an additional 377,307 shares during the period. Qube Research & Technologies Ltd grew its holdings in shares of Atlanta Braves by 504.1% during the 3rd quarter. Qube Research & Technologies Ltd now owns 436,158 shares of the financial services provider’s stock worth $18,140,000 after purchasing an additional 363,953 shares in the last quarter. Vanguard Group Inc. increased its position in shares of Atlanta Braves by 12.8% in the fourth quarter. Vanguard Group Inc. now owns 2,789,084 shares of the financial services provider’s stock worth $110,029,000 after purchasing an additional 317,065 shares during the period. Finally, Broad Bay Capital Management LP increased its position in shares of Atlanta Braves by 11.9% in the fourth quarter. Broad Bay Capital Management LP now owns 2,202,745 shares of the financial services provider’s stock worth $86,898,000 after purchasing an additional 233,771 shares during the period. 64.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently weighed in on BATRK shares. Zacks Research cut shares of Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of Atlanta Braves in a report on Wednesday. Rosenblatt Securities boosted their target price on shares of Atlanta Braves from $69.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. Finally, Wall Street Zen raised shares of Atlanta Braves from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $75.00.

Atlanta Braves Stock Up 2.3%

NASDAQ:BATRK opened at $51.96 on Friday. The stock’s 50-day simple moving average is $49.97 and its 200 day simple moving average is $44.42. The firm has a market capitalization of $2.75 billion, a PE ratio of -144.33 and a beta of 0.71. Atlanta Braves Holdings, Inc. has a twelve month low of $37.76 and a twelve month high of $52.75.

Atlanta Braves (NASDAQ:BATRK) last issued its earnings results on Monday, May 11th. The financial services provider reported ($0.63) EPS for the quarter, topping the consensus estimate of ($0.83) by $0.20. The business had revenue of $72.01 million for the quarter, compared to analyst estimates of $64.60 million. On average, analysts anticipate that Atlanta Braves Holdings, Inc. will post 0.02 EPS for the current fiscal year.

About Atlanta Braves

The Atlanta Braves Real Estate Ownership Trust (NASDAQ:BATRK) is a publicly traded real estate investment trust established in 2021 by Liberty Braves Group. The trust’s primary purpose is to own and manage a portfolio of sports and entertainment properties related to the Atlanta Braves baseball franchise. BATRK generates stable rental income by leasing its assets to the Braves Baseball Club, LLC, under long-term lease agreements designed to align property performance with franchise needs.

The trust’s portfolio is anchored by Truist Park, the 41,084-seat baseball stadium that has served as the Braves’ home since 2017.