First Bank & Trust Sells 529 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

First Bank & Trust decreased its holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 6.5% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 7,605 shares of the financial services provider’s stock after selling 529 shares during the period. First Bank & Trust’s holdings in Atlanta Braves were worth $301,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of BATRK. MetLife Investment Management LLC lifted its holdings in Atlanta Braves by 55.6% in the first quarter. MetLife Investment Management LLC now owns 19,979 shares of the financial services provider’s stock valued at $558,000 after buying an additional 7,137 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Atlanta Braves by 2.3% in the first quarter. Dimensional Fund Advisors LP now owns 654,061 shares of the financial services provider’s stock valued at $18,255,000 after buying an additional 14,935 shares during the period. Gamco Investors INC. ET AL raised its holdings in shares of Atlanta Braves by 16.2% during the first quarter. Gamco Investors INC. ET AL now owns 1,395,064 shares of the financial services provider’s stock valued at $38,936,000 after purchasing an additional 194,438 shares during the period. Gabelli Funds LLC raised its holdings in shares of Atlanta Braves by 8.3% during the first quarter. Gabelli Funds LLC now owns 782,217 shares of the financial services provider’s stock valued at $21,832,000 after purchasing an additional 60,008 shares during the period. Finally, GABELLI & Co INVESTMENT ADVISERS INC. acquired a new position in shares of Atlanta Braves during the first quarter valued at about $678,000. Institutional investors own 0.35% of the company’s stock.

Insiders Place Their Bets

In other news, major shareholder Gamco Investors, Inc. Et Al acquired 800 shares of Atlanta Braves stock in a transaction on Wednesday, August 23rd. The stock was acquired at an average cost of $41.91 per share, with a total value of $33,528.00. Following the transaction, the insider now owns 22,800 shares of the company’s stock, valued at approximately $955,548. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Atlanta Braves Price Performance

NASDAQ:BATRK opened at $36.18 on Tuesday. The firm has a 50-day moving average of $37.92 and a 200-day moving average of $37.05. Atlanta Braves Holdings, Inc. has a one year low of $26.52 and a one year high of $50.15.

Atlanta Braves (NASDAQ:BATRK) last posted its earnings results on Friday, August 4th. The financial services provider reported ($0.55) EPS for the quarter, missing the consensus estimate of $0.49 by ($1.04). The firm had revenue of $270.00 million for the quarter, compared to the consensus estimate of $275.44 million. As a group, sell-side analysts expect that Atlanta Braves Holdings, Inc. will post -1.66 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on BATRK shares. TheStreet lowered shares of Atlanta Braves from a “c” rating to a “d+” rating in a report on Monday, August 7th. Morgan Stanley reiterated an “equal weight” rating and set a $41.00 price objective on shares of Atlanta Braves in a report on Monday, August 7th. StockNews.com lowered shares of Atlanta Braves from a “hold” rating to a “sell” rating in a report on Tuesday, September 12th. Seaport Res Ptn reiterated a “buy” rating on shares of Atlanta Braves in a report on Friday, August 4th. Finally, Rosenblatt Securities boosted their target price on shares of Atlanta Braves from $42.00 to $49.00 and gave the stock a “buy” rating in a research report on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $45.00.

About Atlanta Braves

Atlanta Braves Holdings, Inc owns and operates league baseball club. It also operates league baseball club's stadium; and mixed-use real estate development project. The company is based in Englewood, Colorado.