River Road Asset Management LLC Sells 3,183 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

River Road Asset Management LLC cut its holdings in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 2.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 130,735 shares of the financial services provider’s stock after selling 3,183 shares during the period. River Road Asset Management LLC’s holdings in Atlanta Braves were worth $5,174,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Sequoia Financial Advisors LLC bought a new stake in shares of Atlanta Braves in the fourth quarter valued at about $954,000. Schwartz Investment Counsel Inc. bought a new stake in shares of Atlanta Braves in the fourth quarter valued at about $4,691,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Atlanta Braves by 43.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 401,131 shares of the financial services provider’s stock valued at $14,332,000 after purchasing an additional 121,776 shares in the last quarter. Vanguard Group Inc. lifted its holdings in shares of Atlanta Braves by 20.3% in the third quarter. Vanguard Group Inc. now owns 2,343,979 shares of the financial services provider’s stock valued at $83,750,000 after purchasing an additional 396,079 shares in the last quarter. Finally, Berkshire Hathaway Inc bought a new stake in Atlanta Braves during the third quarter worth about $7,991,000. 64.88% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, TheStreet lowered Atlanta Braves from a “c-” rating to a “d+” rating in a report on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Atlanta Braves has an average rating of “Hold” and a consensus price target of $45.00.

Atlanta Braves Trading Down 0.2 %

BATRK opened at $37.50 on Thursday. Atlanta Braves Holdings, Inc. has a 52-week low of $33.95 and a 52-week high of $50.15. The business’s 50-day simple moving average is $38.96 and its 200 day simple moving average is $38.03.

Atlanta Braves (NASDAQ:BATRK) last released its earnings results on Wednesday, February 28th. The financial services provider reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.30). The company had revenue of $67.75 million during the quarter, compared to analyst estimates of $61.94 million. As a group, research analysts predict that Atlanta Braves Holdings, Inc. will post -0.42 earnings per share for the current year.

Atlanta Braves Company Profile

Atlanta Braves Holdings, Inc owns and operates the Atlanta Braves Major league baseball club. It also operates mixed-use development project, including retail, office, hotel, and entertainment projects. The company was incorporated in 2022 and is based in Englewood, Colorado.