Atlanta Braves Holdings Series B (BATRK)

Market Cap: $2.49B

About: Atlanta Braves Holdings Inc is a holding company. It operates through its wholly-owned subsidiary, which is the owner and operator of the Atlanta Braves Major League Baseball Club and the mixed-use real estate development, The Battery Atlanta, and is the operator of the Atlanta Braves Major League Baseball Club's stadium, Truist Park. The company predominantly derives revenue related to the Braves baseball franchise and Truist Park from ticket sales, concessions, local broadcasting rights, advertising sponsorships, suites and premium seat fees, retail and licensing revenue, shared MLB revenue streams, including national broadcasting rights and licensing, and other sources. The company's reportable segments include, baseball which generates key revenue, and mixed-use development.

Employees: 86

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

2,696% more call options, than puts

Call options by funds: $1.54M | Put options by funds: $55K

24% more repeat investments, than reductions

Existing positions increased: 82 | Existing positions reduced: 66

14% more funds holding in top 10

Funds holding in top 10: 7 [Q1] → 8 (+1) [Q2]

2% more capital invested

Capital invested by funds: $1.6B [Q1] → $1.64B (+$31.8M) [Q2]

0.67% more ownership

Funds ownership: 81.16% [Q1] → 81.83% (+0.67%) [Q2]

4% less funds holding

Funds holding: 266 [Q1] → 256 (-10) [Q2]

29% less first-time investments, than exits

New positions opened: 25 | Existing positions closed: 35

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $53 32% upside
• Avg. target: $53 32% upside
• High target: $53 32% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Rosenblatt Barton Crockett 54% 1-year accuracy 29 / 54 met price target

32% upside $53

Buy Maintained

14 Aug 2024