HighTower Advisors LLC trimmed its position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK – Free Report) by 30.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 47,317 shares of the financial services provider’s stock after selling 20,852 shares during the period. HighTower Advisors LLC owned about 0.09% of Atlanta Braves worth $1,867,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its stake in shares of Atlanta Braves by 956.1% during the second quarter. EverSource Wealth Advisors LLC now owns 697 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 631 shares during the last quarter. Jones Financial Companies Lllp raised its stake in shares of Atlanta Braves by 218.3% during the third quarter. Jones Financial Companies Lllp now owns 799 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 548 shares during the last quarter. Advisory Services Network LLC bought a new position in shares of Atlanta Braves during the third quarter valued at about $34,000. Comerica Bank raised its stake in shares of Atlanta Braves by 44.8% during the first quarter. Comerica Bank now owns 1,031 shares of the financial services provider’s stock valued at $41,000 after acquiring an additional 319 shares during the last quarter. Finally, Osaic Holdings Inc. raised its stake in shares of Atlanta Braves by 38.1% during the second quarter. Osaic Holdings Inc. now owns 1,464 shares of the financial services provider’s stock valued at $68,000 after acquiring an additional 404 shares during the last quarter. 64.88% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
BATRK has been the subject of several recent analyst reports. Rosenblatt Securities upped their price objective on shares of Atlanta Braves from $69.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Wall Street Zen raised shares of Atlanta Braves from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Zacks Research downgraded shares of Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Atlanta Braves in a research note on Friday, March 27th. One analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Atlanta Braves currently has a consensus rating of “Hold” and a consensus target price of $60.00.
Atlanta Braves Price Performance
BATRK stock opened at $49.54 on Tuesday. Atlanta Braves Holdings, Inc. has a 1 year low of $37.76 and a 1 year high of $52.05. The company has a market cap of $2.62 billion, a P/E ratio of -137.61 and a beta of 0.71. The firm has a 50-day moving average of $47.20 and a 200 day moving average of $42.89.
Atlanta Braves (NASDAQ:BATRK – Get Free Report) last released its quarterly earnings results on Monday, May 11th. The financial services provider reported ($0.63) earnings per share (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. On average, equities research analysts expect that Atlanta Braves Holdings, Inc. will post 0.02 earnings per share 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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