Harvey Partners LLC Purchases 64,500 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Harvey Partners LLC boosted its position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 14.6% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 507,000 shares of the financial services provider’s stock after acquiring an additional 64,500 shares during the period. Atlanta Braves accounts for 2.3% of Harvey Partners LLC’s portfolio, making the stock its 18th largest position. Harvey Partners LLC’s holdings in Atlanta Braves were worth $20,179,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Atlanta Braves by 2.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 13,388 shares of the financial services provider’s stock worth $528,000 after acquiring an additional 341 shares during the period. Delphi Management Inc. MA grew its stake in Atlanta Braves by 0.8% during the second quarter. Delphi Management Inc. MA now owns 47,231 shares of the financial services provider’s stock valued at $1,863,000 after acquiring an additional 388 shares in the last quarter. FMR LLC boosted its stake in Atlanta Braves by 2.1% in the third quarter. FMR LLC now owns 21,343 shares of the financial services provider’s stock worth $849,000 after buying an additional 444 shares in the last quarter. Diversify Advisory Services LLC raised its position in Atlanta Braves by 3.4% during the 3rd quarter. Diversify Advisory Services LLC now owns 15,052 shares of the financial services provider’s stock valued at $607,000 after purchasing an additional 489 shares during the last quarter. Finally, Hahn Capital Management LLC boosted its stake in Atlanta Braves by 33.7% during the second quarter. Hahn Capital Management LLC now owns 1,962 shares of the financial services provider’s stock worth $77,000 after acquiring an additional 495 shares in the last quarter. Institutional investors and hedge funds own 64.88% of the company’s stock.

Atlanta Braves Trading Up 0.5 %

BATRK stock opened at $40.54 on Tuesday. The stock has a market cap of $2.06 billion, a P/E ratio of -55.53 and a beta of 0.70. Atlanta Braves Holdings, Inc. has a twelve month low of $35.46 and a twelve month high of $44.42. The company’s 50 day moving average is $40.16 and its two-hundred day moving average is $40.73.

Analyst Upgrades and Downgrades

Separately, Rosenblatt Securities reduced 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 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.