Vanguard Group Inc. increased its position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK – Free Report) by 12.8% during the 4th quarter, Holdings Channel reports. The fund owned 2,789,084 shares of the financial services provider’s stock after buying an additional 317,065 shares during the quarter. Vanguard Group Inc. owned 0.05% of Atlanta Braves worth $110,029,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of BATRK. Comerica Bank boosted its stake in Atlanta Braves by 44.8% during the 1st quarter. Comerica Bank now owns 1,031 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 319 shares during the last quarter. AQR Capital Management LLC bought a new stake in shares of Atlanta Braves in the first quarter worth about $382,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Atlanta Braves by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,839 shares of the financial services provider’s stock worth $1,194,000 after acquiring an additional 1,302 shares in the last quarter. Jones Financial Companies Lllp increased its holdings in shares of Atlanta Braves by 12,972.7% in the first quarter. Jones Financial Companies Lllp now owns 18,694 shares of the financial services provider’s stock worth $748,000 after acquiring an additional 18,551 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Atlanta Braves by 8.8% in the first quarter. Goldman Sachs Group Inc. now owns 269,383 shares of the financial services provider’s stock worth $10,778,000 after acquiring an additional 21,883 shares in the last quarter. Institutional investors own 64.88% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities research analysts have issued reports on BATRK shares. Zacks Research downgraded Atlanta Braves from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Wall Street Zen downgraded shares of Atlanta Braves from a “hold” rating to a “sell” rating in a research report on Sunday, April 12th. Rosenblatt Securities boosted their price objective on shares of Atlanta Braves from $69.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Atlanta Braves in a research note on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $60.00.
Atlanta Braves Trading Down 1.4%
BATRK stock opened at $49.52 on Wednesday. The stock has a market capitalization of $2.61 billion, a P/E ratio of -137.56 and a beta of 0.73. Atlanta Braves Holdings, Inc. has a 12 month low of $37.76 and a 12 month high of $52.05. The firm has a 50-day moving average price of $45.33 and a 200-day moving average price of $41.86.
Atlanta Braves (NASDAQ:BATRK – Get Free Report) last posted its earnings results on Monday, May 11th. The financial services provider reported ($0.63) EPS for the quarter, topping analysts’ consensus estimates of ($0.83) by $0.20. The company had revenue of $72.01 million during the quarter, compared to the consensus estimate of $64.60 million. As a group, equities analysts predict that Atlanta Braves Holdings, Inc. will post 0.09 EPS for the current fiscal year.
Atlanta Braves Company Profile
The Atlanta Braves Real Estate Ownership Trust (NASDAQ:BATRK) is a publicly traded real estate investment trust established in 2021 by Liberty Braves Group. The trust’s primary purpose is to own and manage a portfolio of sports and entertainment properties related to the Atlanta Braves baseball franchise. BATRK generates stable rental income by leasing its assets to the Braves Baseball Club, LLC, under long-term lease agreements designed to align property performance with franchise needs.
The trust’s portfolio is anchored by Truist Park, the 41,084-seat baseball stadium that has served as the Braves’ home since 2017.
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