Capula Management Ltd Takes Position in Atlanta Braves Holdings, Inc. $BATRK

Capula Management Ltd acquired a new position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 58,641 shares of the financial services provider’s stock, valued at approximately $2,504,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Lido Advisors LLC grew its holdings in Atlanta Braves by 9.9% during the first quarter. Lido Advisors LLC now owns 6,310 shares of the financial services provider’s stock valued at $269,000 after purchasing an additional 570 shares during the period. First Trust Advisors LP increased its position in Atlanta Braves by 30.2% in the first quarter. First Trust Advisors LP now owns 32,015 shares of the financial services provider’s stock worth $1,367,000 after buying an additional 7,430 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in shares of Atlanta Braves by 22.7% in the first quarter. PNC Financial Services Group Inc. now owns 3,575 shares of the financial services provider’s stock worth $153,000 after buying an additional 662 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Atlanta Braves by 10.3% in the first quarter. Dimensional Fund Advisors LP now owns 935,115 shares of the financial services provider’s stock worth $39,927,000 after buying an additional 87,538 shares during the period. Finally, Parallel Advisors LLC lifted its position in shares of Atlanta Braves by 46.7% during the 1st quarter. Parallel Advisors LLC now owns 3,824 shares of the financial services provider’s stock valued at $163,000 after buying an additional 1,217 shares in the last quarter. 64.88% of the stock is currently owned by hedge funds and other institutional investors.

Atlanta Braves Stock Down 0.3%

Shares of Atlanta Braves stock opened at $50.00 on Friday. The company has a market capitalization of $2.64 billion, a price-to-earnings ratio of -138.89 and a beta of 0.68. The stock’s 50-day simple moving average is $50.83 and its 200-day simple moving average is $46.08. Atlanta Braves Holdings, Inc. has a 52 week low of $37.76 and a 52 week high of $53.25.

Atlanta Braves (NASDAQ:BATRK) last released its earnings results on Monday, May 11th. The financial services provider reported ($0.63) earnings per share (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 analysts’ expectations of $64.60 million. On average, equities analysts expect that Atlanta Braves Holdings, Inc. will post -0.06 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently issued reports on BATRK shares. Morgan Stanley downgraded Atlanta Braves from an “overweight” rating to an “equal weight” rating and set a $54.00 price objective for the company. in a research note on Wednesday, July 15th. Zacks Research cut shares of Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Wall Street Zen raised shares of Atlanta Braves from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Rosenblatt Securities increased their price objective on shares of Atlanta Braves from $69.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Atlanta Braves in a research report on Wednesday, June 24th. One equities research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Atlanta Braves has an average rating of “Hold” and a consensus price target of $64.50.

Atlanta Braves Profile

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.