Carlson Capital L P Invests $3.37 Million in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Carlson Capital L P purchased a new stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 85,000 shares of the financial services provider’s stock, valued at approximately $3,368,000. Carlson Capital L P owned 0.17% of Atlanta Braves at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of BATRK. Bank of Montreal Can bought a new stake in Atlanta Braves during the 2nd quarter worth approximately $1,151,000. M&R Capital Management Inc. raised its position in Atlanta Braves by 91.6% in the 2nd quarter. M&R Capital Management Inc. now owns 1,046 shares of the financial services provider’s stock valued at $41,000 after buying an additional 500 shares during the last quarter. SouthState Corp lifted its stake in Atlanta Braves by 66.7% during the 2nd quarter. SouthState Corp now owns 1,250 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 500 shares in the last quarter. Wilbanks Smith & Thomas Asset Management LLC purchased a new position in Atlanta Braves during the 2nd quarter worth $269,000. Finally, Redmont Wealth Advisors LLC bought a new stake in shares of Atlanta Braves in the 2nd quarter worth $467,000. Institutional investors and hedge funds own 0.35% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on BATRK shares. Seaport Res Ptn restated a “buy” rating on shares of Atlanta Braves in a report on Friday, August 4th. Morgan Stanley reaffirmed an “equal weight” rating and set a $41.00 price target on shares of Atlanta Braves in a research report on Monday, August 7th. TheStreet cut Atlanta Braves from a “c” rating to a “d+” rating in a research report on Monday, August 7th. Rosenblatt Securities raised their target price on Atlanta Braves from $42.00 to $49.00 and gave the company a “buy” rating in a research report on Wednesday, September 6th. Finally, StockNews.com downgraded shares of Atlanta Braves from a “hold” rating to a “sell” rating in a report on Monday, November 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $45.00.

Atlanta Braves Price Performance

NASDAQ BATRK traded up $0.45 on Friday, hitting $36.23. 305,136 shares of the stock traded hands, compared to its average volume of 179,786. The business’s fifty day moving average is $35.90 and its two-hundred day moving average is $37.47. Atlanta Braves Holdings, Inc. has a 12 month low of $31.17 and a 12 month high of $50.15.

Insider Transactions at Atlanta Braves

In other Atlanta Braves news, major shareholder Associated Capital Group, Inc. bought 1,000 shares of Atlanta Braves stock in a transaction dated Monday, October 23rd. The stock was purchased at an average price of $37.75 per share, for a total transaction of $37,750.00. Following the completion of the purchase, the insider now directly owns 2,510 shares of the company’s stock, valued at $94,752.50. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, major shareholder Associated Capital Group, Inc. purchased 1,000 shares of the business’s stock in a transaction dated Monday, October 23rd. The stock was purchased at an average cost of $37.75 per share, with a total value of $37,750.00. Following the completion of the acquisition, the insider now directly owns 2,510 shares of the company’s stock, valued at $94,752.50. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, major shareholder Gamco Investors, Inc. Et Al purchased 800 shares of Atlanta Braves stock in a transaction dated Wednesday, August 23rd. The stock was bought at an average price of $41.91 per share, with a total value of $33,528.00. Following the completion of the transaction, the insider now owns 22,800 shares of the company’s stock, valued at approximately $955,548. The disclosure for this purchase can be found here. In the last 90 days, insiders bought 2,300 shares of company stock worth $91,103. 11.43% of the stock is owned by company insiders.

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.