Atlanta Braves Holdings, Inc. $BATRK Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. boosted its holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 12.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,789,084 shares of the financial services provider’s stock after acquiring an additional 317,065 shares during the quarter. Vanguard Group Inc. owned 5.40% of Atlanta Braves worth $110,029,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in BATRK. Quent Capital LLC bought a new position in Atlanta Braves during the 3rd quarter valued at $28,000. First Horizon Corp bought a new stake in shares of Atlanta Braves in the 3rd quarter worth $30,000. Farther Finance Advisors LLC raised its stake in shares of Atlanta Braves by 701.1% in the 3rd quarter. Farther Finance Advisors LLC now owns 761 shares of the financial services provider’s stock worth $32,000 after buying an additional 666 shares in the last quarter. Jones Financial Companies Lllp raised its stake in shares of Atlanta Braves by 218.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 799 shares of the financial services provider’s stock worth $33,000 after buying an additional 548 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Atlanta Braves by 956.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 697 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 631 shares in the last quarter. 64.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

BATRK has been the subject of a number of research reports. Rosenblatt Securities lifted their price objective on Atlanta Braves from $69.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, April 2nd. Wall Street Zen lowered Atlanta Braves from a “hold” rating to a “sell” rating in a report on Sunday, April 12th. Zacks Research cut shares of Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Weiss Ratings restated 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 given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $60.00.

Atlanta Braves Price Performance

Atlanta Braves stock opened at $49.52 on Wednesday. The company has a market capitalization of $2.61 billion, a PE ratio of -137.56 and a beta of 0.73. The business has a 50 day simple moving average of $45.33 and a 200 day simple moving average of $41.86. Atlanta Braves Holdings, Inc. has a one year low of $37.76 and a one year high of $52.05.

Atlanta Braves (NASDAQ:BATRK) last announced its 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 firm had revenue of $72.01 million for the quarter, compared to analyst estimates of $64.60 million. Equities analysts anticipate that Atlanta Braves Holdings, Inc. will post 0.09 earnings per share for the current fiscal year.

Atlanta Braves 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.