Victory Capital Management Inc. acquired a new position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK – Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 7,794 shares of the financial services provider’s stock, valued at approximately $308,000.
Other large investors have also recently bought and sold shares of the company. Montag A & Associates Inc. purchased a new position in shares of Atlanta Braves in the third quarter valued at $127,000. Aire Advisors LLC purchased a new position in shares of Atlanta Braves in the fourth quarter valued at $207,000. Raymond James Trust N.A. purchased a new position in shares of Atlanta Braves in the fourth quarter valued at $217,000. Hosking Partners LLP purchased a new position in shares of Atlanta Braves in the third quarter valued at $268,000. Finally, MGO One Seven LLC purchased a new position in shares of Atlanta Braves in the third quarter valued at $292,000. Hedge funds and other institutional investors own 64.88% of the company’s stock.
Atlanta Braves Stock Up 3.0 %
BATRK opened at $38.93 on Friday. The firm has a market cap of $1.97 billion and a P/E ratio of -19.47. Atlanta Braves Holdings, Inc. has a 52 week low of $33.95 and a 52 week high of $50.15. The business’s fifty day simple moving average is $38.51 and its 200 day simple moving average is $38.50.
Wall Street Analyst Weigh In
Separately, TheStreet cut Atlanta Braves from a “c-” rating to a “d+” rating in a research report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $45.00.
Read Our Latest Analysis on BATRK
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.
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