Atlanta Braves Holdings announces voting results

Atlanta Braves Holdings, Inc. (NASDAQ:BATRA), currently trading near its 52-week high at $45.24 and maintaining a market capitalization of $2.81 billion, reported the outcomes of its Annual Meeting of Stockholders held on June 10, 2025. According to InvestingPro analysis, the company’s stock currently shows overbought conditions. The meeting’s agenda included the election of board members and the ratification of the company’s independent auditor for the upcoming fiscal year. With the company’s next earnings report due on August 1, 2025, investors seeking deeper insights can access comprehensive analysis through InvestingPro’s detailed research reports, which reveal additional key metrics and growth indicators.

During the meeting, stockholders voted on two key proposals. The first proposal was the election of two Class II director nominees as outlined in the company’s 2025 Proxy Statement. These directors are to serve a three-year term expiring at the 2028 Annual Meeting of Stockholders. Terence F. McGuirk received 15,291,904 votes for his election, with 156,550 votes withheld and 3,080,075 broker non-votes. Diana M. Murphy was elected with 14,337,391 votes for, 1,111,063 votes withheld, and 3,080,075 broker non-votes.

The second proposal concerned the ratification of KPMG as the company’s independent registered accounting firm for the fiscal year ending December 31, 2025. This proposal was approved with 18,447,374 votes for, 66,858 against, and 14,297 abstained.

The company, based in Atlanta, GA, is incorporated in Nevada and is recognized under the Services-Amusement & Recreation Services sector. The results of these votes were filed in an 8-K form with the SEC today, as per the regulatory requirements.

This information is based on the company’s recent SEC filing.

In other recent news, Benchmark analyst Matthew Harrigan has reaffirmed a Buy rating on Liberty Braves Group, maintaining a price target of $60. This comes as the company, which owns the Atlanta Braves, is valued at $3 billion, ranking it as the eighth most expensive Major League Baseball team according to Forbes. The valuation highlights the growing market for major sports teams, with the Portland Trail Blazers recently valued at $3.6 billion. Forbes has noted an average valuation of $2.6 billion for MLB teams this spring, though there is current uncertainty surrounding media rights affecting these valuations. Liberty Braves stands out with a larger fan area TV market and superior payroll return on investment compared to teams like the New York Yankees and Los Angeles Dodgers. Harrigan’s positive outlook is set against a backdrop of rising valuations in the sports industry, where NBA teams have increased in value by 101%, NFL teams by 87%, and MLB teams by 36% over the past five years. Despite challenges in media rights, the Liberty Braves Group remains a significant player in the sports market.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.