Atlanta Braves Series C (BATRK)
Runs the Braves, Truist Park, BravesVision, and The Battery Atlanta real estate.
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Owns the Atlanta Braves, operates Truist Park, and leases office and retail space at The Battery Atlanta. Baseball events, BravesVision, national media rights, sponsorships, merchandise, and year-round real estate income drive the business, while results remain tied to team performance, MLB economics, and tenant demand.
Owns the Atlanta Braves Major League Baseball club and operates Truist Park through its Baseball segment. Revenue comes from tickets, concessions, suites and premium seating, sponsorships, retail and licensing, shared MLB streams, and media rights. BravesVision brings local television production, sales, and distribution in-house.
Around the ballpark, The Battery Atlanta adds year-round office and retail rent, tenant reimbursements, parking income, and sponsorships, alongside hotel and entertainment operations. This pairing extends the venue economy beyond home games and into recurring commercial leases.
Results remain tied to team performance, attendance, the seasonal baseball calendar, player-development and salary decisions, MLB rules and revenue sharing, media distribution, and leasing demand. Series C shares generally carry no voting rights.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Jul 15, 2026 | Morgan Stanley | Downgrade | Target: $45 | Target: $54 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $116.3M · Total debt $889.8M · Total assets $1.74B · Shareholders' equity $514.3M
- Revenue
- $305.1M
- Operating income
- −$18.5M
- Net income
- −$12.2M
No dividends on record.
| Institutions | ≈ 82.04% | 52.65M shares | |
|---|---|---|---|
| 328 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 8.24% | 5.28M shares | |
| 11 holders · as of Aug 21, 2026 | |||
| Strategic holders | 5.20% | 3.34M shares | |
| 2 holders · as of Jan 13, 2025 | |||
| Other | ≈ 4.52% | 2.90M shares | |
| remainder | |||
64.17M company shares as of Sep 22, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
This company has 3 share classes; every stake here is a share of the whole company.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 6.91% | 548,568 A · 3.89M C | as of Jun 30, 2026 |
John C. MaloneInsider10 percent owner | 6.32% | 2.93M C · 901,616 B · 226,153 A | filed Feb 27, 2026 |
Gamco Investors, Inc. et alInstitution | 5.32% | 2.14M A · 1.27M C | as of Jun 30, 2026 |
BlackRock, Inc.Strategic | 5.18% | 3.33M | filed Feb 14, 2024 |
Vanguard Capital Management LLCInstitution | 4.00% | 409,165 A · 2.16M C | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 19, 2026 | Jill L. Robinson | officer: EVP, CFO & Treasurer | −30,263 | $52.84 |
| Feb 25, 2026 | John C. Malone | 10 percent owner | +10,868 | $58.00 |
| Feb 25, 2026 | John C. Malone | 10 percent owner | −14,614 | $43.13 |
| Feb 13, 2026 | Jill L. Robinson | officer: EVP, CFO & Treasurer | −60,000 | $42.00 |
| Feb 2, 2026 | Jill L. Robinson | officer: EVP, CFO & Treasurer | −20,000 | $40.00 |
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Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Atlanta Braves Series C | $52.49 | +0.52% | $3.32B | — | — | 4.4 | −2.3% |
| Madison Square Garden Sports | $402.40 | +0.58% | $9.63B | 1,250.3 | — | 8.3 | +36.7% |
| Rogers Communications | $33.48 | −2.70% | $18.59B | 4.0 | 14.0 | 1.2 | +3.3% |
| Manchester United | $20.50 | +0.42% | $3.52B | — | — | 3.9 | +20.8% |
| TKO Group | $188.57 | −1.34% | $14.33B | 65.9 | 33.8 | 2.7 | +18.2% |
| Formula One Group Series C | $96.04 | −0.41% | $24.17B | 52.4 | 45.2 | 5.6 | −30.4% |
| Live Nation Entertainment | $170.25 | +0.63% | $39.37B | — | 142.0 | 1.5 | +9.4% |
| Median | 59.2 | 39.5 | 3.3 | +13.8% |