Everett Harris & Co. CA Acquires New Holdings in Atlanta Braves Holdings, Inc. $BATRK

Everett Harris & Co. CA acquired a new stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 40,399 shares of the financial services provider’s stock, valued at approximately $1,594,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of BATRK. Qube Research & Technologies Ltd raised its holdings in Atlanta Braves by 504.1% in the 3rd quarter. Qube Research & Technologies Ltd now owns 436,158 shares of the financial services provider’s stock valued at $18,140,000 after buying an additional 363,953 shares during the period. Vanguard Group Inc. raised its holdings in Atlanta Braves by 12.8% in the 4th quarter. Vanguard Group Inc. now owns 2,789,084 shares of the financial services provider’s stock valued at $110,029,000 after buying an additional 317,065 shares during the period. Invesco Ltd. raised its holdings in Atlanta Braves by 406.3% in the 3rd quarter. Invesco Ltd. now owns 261,754 shares of the financial services provider’s stock valued at $10,886,000 after buying an additional 210,051 shares during the period. Millennium Management LLC raised its holdings in Atlanta Braves by 68.1% in the 3rd quarter. Millennium Management LLC now owns 494,905 shares of the financial services provider’s stock valued at $20,583,000 after buying an additional 200,555 shares during the period. Finally, Scopia Capital Management LP purchased a new stake in Atlanta Braves in the 2nd quarter valued at about $8,755,000. 64.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

BATRK has been the topic of several research analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Atlanta Braves in a report on Friday, March 27th. Wall Street Zen upgraded shares of Atlanta Braves from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Zacks Research lowered shares of Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Rosenblatt Securities boosted their price target on shares of Atlanta Braves from $69.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. One investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $60.00.

Atlanta Braves Price Performance

Shares of NASDAQ:BATRK opened at $49.48 on Tuesday. The firm has a market capitalization of $2.62 billion, a PE ratio of -137.44 and a beta of 0.71. The firm’s 50-day moving average is $47.92 and its two-hundred day moving average is $43.27. Atlanta Braves Holdings, Inc. has a 1 year low of $37.76 and a 1 year high of $52.05.

Atlanta Braves (NASDAQ:BATRK) last issued 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 business had revenue of $72.01 million for the quarter, compared to analysts’ expectations of $64.60 million. Analysts expect that Atlanta Braves Holdings, Inc. will post 0.02 EPS for the current fiscal year.

About Atlanta Braves

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.