Atlanta Braves Holdings Expands Real Estate Portfolio With Pennant Park Acquisition
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Apr 01 2025
0mins
Should l Buy BATRA?
Source: NASDAQ.COM
Acquisition Announcement: Atlanta Braves Holdings, Inc. has acquired Pennant Park, a 763,465-square-foot office complex near The Battery Atlanta, enhancing their development footprint by over 30% and improving amenities for visitors.
Property Details: The 34-acre property, previously owned by Rubenstein Partners, features multiple tenants including The Home Depot, with significant parking and various amenities aimed at integrating sports and real estate innovation.
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Analyst Views on BATRA
Wall Street analysts forecast BATRA stock price to rise
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 45.770
Low
67.00
Averages
67.00
High
67.00
Current: 45.770
Low
67.00
Averages
67.00
High
67.00
About BATRA
Atlanta Braves Holdings, Inc. is a holding company of Braves Holdings, LLC (Braves Holdings). Braves Holdings is the owner and operator of the Atlanta Braves Major League Baseball Club and a real estate portfolio that includes the mixed-use development, The Battery Atlanta, and is the operator of the Atlanta Braves Major League Baseball Club’s stadium, Truist Park. The Company’s segments include Baseball and Mixed-Use Development. The Baseball segment includes operations relating to the Atlanta Braves Major League Baseball Club and the Braves’ ballpark. The Mixed-Use Development segment includes retail, office, hotel and entertainment operations primarily within The Battery Atlanta. The Battery Atlanta is an approximately 2.25 million square-foot mixed-use development, located around Truist Park at the intersection of I-75 and I-285, and offers an expansive mix of market-exclusive entertainment experiences, chef-driven restaurants, boutique shopping, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
John C. Malone Buys $1.72M in BATRA Shares
- Malone's BATRA Purchase: John C. Malone of Atlanta Braves Holdings made a $1.72M investment in BATRA by acquiring 38,669 shares at $44.60 each on Thursday, reflecting his confidence in the company despite the current market price being lower than his purchase price, indicating market volatility.
- Market Price Comparison: BATRA shares are currently trading at $43.04, which is 3.5% below Malone's purchase price, providing a relatively cheaper entry point for investors and potentially attracting more attention to the stock.
- Malone's Investment History: Over the past year, Malone has purchased BATRA on 11 occasions, totaling $11.25M at an average price of $41.53 per share, demonstrating his long-term bullish outlook on the company, which may influence market confidence in BATRA.
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- Malone's BATRA Purchase: John C. Malone of Atlanta Braves Holdings made a $1.72M investment in BATRA by acquiring 38,669 shares at $44.60 each on Thursday, reflecting his confidence in the company despite the current market price being lower than his purchase price, indicating market volatility.
- Market Price Comparison: BATRA shares are currently trading at $43.04, which is 3.5% below Malone's purchase price, providing a relatively cheaper entry point for investors and potentially attracting more attention to the stock.
- Malone's Investment History: Over the past year, Malone has purchased BATRA on 11 occasions, totaling $11.25M at an average price of $41.53 per share, demonstrating his long-term bullish outlook on the company, which may influence market confidence in BATRA.
- Amphenol Insider Trading: Amphenol's Director Robert Livingston bought 10,000 shares at $128.51 each for a total of $1.29M on Thursday, marking his first purchase in the past twelve months, indicating his confidence in the company's future performance.
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- Tesla Stock Performance: Tesla's stock rose by 18.6% in 2025, providing strong support for Musk's wealth growth, with a new pay package potentially awarding him nearly $1 trillion in shares, further accelerating his financial ascent.
- Potential SpaceX IPO: SpaceX is expected to pursue an IPO that could value the company at $1.5 trillion, bringing Musk closer to the goal of becoming the world's first trillionaire, reflecting his strategic positioning in the aerospace industry.
- Sports Team Valuation Comparison: Musk's wealth exceeds the combined valuation of all teams in the four major North American sports leagues, totaling $536.825 billion, illustrating the relative scale of his immense fortune and his potential influence in investment circles.
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- Market Potential: Markel Group, dubbed the 'baby Berkshire', is under activist pressure to unlock value through share buybacks and operational improvements, with a current share price around $2,000 and an estimated worth of $3,100, indicating strong growth potential.
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Diverse Industries, Similar Value: Despite operating in vastly different sectors, the ride-sharing industry and professional sports are highlighted for their potential value.
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