nVerses Capital LLC Invests $95,000 in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

nVerses Capital LLC bought a new stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 2,400 shares of the financial services provider’s stock, valued at approximately $95,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Moran Wealth Management LLC lifted its stake in shares of Atlanta Braves by 4.7% in the fourth quarter. Moran Wealth Management LLC now owns 6,394 shares of the financial services provider’s stock valued at $253,000 after buying an additional 287 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Atlanta Braves by 2.6% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 13,388 shares of the financial services provider’s stock valued at $528,000 after acquiring an additional 341 shares in the last quarter. Brown Brothers Harriman & Co. lifted its position in Atlanta Braves by 31.2% in the 4th quarter. Brown Brothers Harriman & Co. now owns 2,452 shares of the financial services provider’s stock valued at $97,000 after acquiring an additional 583 shares in the last quarter. Redmont Wealth Advisors LLC boosted its stake in Atlanta Braves by 4.2% during the 1st quarter. Redmont Wealth Advisors LLC now owns 15,393 shares of the financial services provider’s stock valued at $601,000 after purchasing an additional 614 shares during the last quarter. Finally, ProShare Advisors LLC increased its holdings in Atlanta Braves by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 8,186 shares of the financial services provider’s stock worth $320,000 after purchasing an additional 644 shares in the last quarter. 64.88% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Atlanta Braves news, major shareholder Associated Capital Group, Inc. purchased 2,000 shares of the stock in a transaction dated Monday, June 24th. The shares were bought at an average price of $39.96 per share, with a total value of $79,920.00. Following the completion of the transaction, the insider now directly owns 7,550 shares in the company, valued at approximately $301,698. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 11.43% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Separately, Rosenblatt Securities dropped their target price on Atlanta Braves from $54.00 to $53.00 and set a “buy” rating on the stock in a report on Wednesday, August 14th.

Atlanta Braves Stock Down 2.5 %

Shares of BATRK stock opened at $41.80 on Wednesday. The firm has a market cap of $2.12 billion and a P/E ratio of -20.90. The company has a 50 day moving average of $41.97 and a 200-day moving average of $39.93. Atlanta Braves Holdings, Inc. has a 12-month low of $33.95 and a 12-month high of $44.42.

Atlanta Braves (NASDAQ:BATRK) last released its earnings results on Thursday, August 8th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.05. The firm had revenue of $282.88 million during the quarter, compared to analysts’ expectations of $288.20 million. During the same period in the prior year, the business earned ($0.55) earnings per share. As a group, equities analysts expect that Atlanta Braves Holdings, Inc. will post -0.31 EPS for the current year.

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.