Fri Sep 20 08:00:49 UTC 2024: ## Bank of New York Mellon Increases Stake in Atlanta Braves Holdings
**Englewood, CO – September 20, 2024** – Bank of New York Mellon Corp (BNY Mellon) has increased its holdings in Atlanta Braves Holdings, Inc. (BATRA) by 13.1% during the second quarter, according to a recent SEC filing. The firm now owns 35,224 shares of the financial services provider, valued at $1,456,000.
This move by BNY Mellon reflects a growing interest in Atlanta Braves Holdings, as other hedge funds have also been increasing their stakes in the company. Nisa Investment Advisors LLC raised its position by 1,500% during the second quarter, and Quent Capital LLC increased its stake by 1,607.7% during the first quarter.
Institutional investors now own 12.31% of Atlanta Braves Holdings’ stock.
Shares of BATRA opened at $44.20 on Friday, with a 52-week low of $36.78 and a 52-week high of $46.65. The company has a market cap of $2.73 billion and a P/E ratio of -22.10.
In other news, major shareholder Associated Capital Group, Inc. purchased 2,000 shares of BATRA on June 24th at an average price of $39.96 per share. Insiders currently own 4.83% of the company’s stock.
Atlanta Braves Holdings owns and operates the Atlanta Braves Major League Baseball club, as well as mixed-use development projects. The company was incorporated in 2022 and is based in Englewood, Colorado.
First Piper 