Moran Wealth Management LLC Grows Position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Moran Wealth Management LLC grew its position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 44.3% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,946 shares of the financial services provider’s stock after purchasing an additional 3,667 shares during the period. Moran Wealth Management LLC’s holdings in Atlanta Braves were worth $475,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of BATRK. Quent Capital LLC raised its position in Atlanta Braves by 568.4% in the third quarter. Quent Capital LLC now owns 1,651 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 1,404 shares during the period. Hahn Capital Management LLC boosted its position in shares of Atlanta Braves by 33.7% in the second quarter. Hahn Capital Management LLC now owns 1,962 shares of the financial services provider’s stock worth $77,000 after buying an additional 495 shares during the period. nVerses Capital LLC acquired a new stake in shares of Atlanta Braves in the second quarter valued at about $95,000. OFI Invest Asset Management purchased a new stake in shares of Atlanta Braves during the 2nd quarter valued at about $156,000. Finally, Quest Partners LLC lifted its position in Atlanta Braves by 28,820.0% during the 3rd quarter. Quest Partners LLC now owns 4,338 shares of the financial services provider’s stock worth $173,000 after acquiring an additional 4,323 shares in the last quarter. Hedge funds and other institutional investors own 64.88% of the company’s stock.

Analyst Ratings Changes

Separately, Rosenblatt Securities lowered their price objective on shares of Atlanta Braves from $54.00 to $53.00 and set a “buy” rating for the company in a research report on Wednesday, August 14th.

Atlanta Braves Price Performance

Shares of BATRK stock opened at $40.19 on Friday. The company’s fifty day moving average price is $40.28 and its two-hundred day moving average price is $40.62. The firm has a market capitalization of $2.04 billion, a P/E ratio of -54.52 and a beta of 0.70. Atlanta Braves Holdings, Inc. has a 12 month low of $35.42 and a 12 month high of $44.42.

About Atlanta Braves

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.