Breach Inlet Capital Management LLC Buys 80,488 Shares of Atlanta Braves Holdings, Inc. $BATRK

Breach Inlet Capital Management LLC increased its stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 11.7% during the fourth quarter, Holdings Channel.com reports. The fund owned 766,361 shares of the financial services provider’s stock after buying an additional 80,488 shares during the period. Atlanta Braves makes up about 14.2% of Breach Inlet Capital Management LLC’s portfolio, making the stock its 2nd biggest position. Breach Inlet Capital Management LLC’s holdings in Atlanta Braves were worth $30,233,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in BATRK. Comerica Bank lifted its stake in shares of Atlanta Braves by 44.8% in the first 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 period. AQR Capital Management LLC acquired a new position in shares of Atlanta Braves in the first quarter worth approximately $382,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake 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 during the period. Jones Financial Companies Lllp lifted its stake 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 during the period. Finally, Goldman Sachs Group Inc. lifted its stake 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 during the period. 64.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Wall Street Zen raised Atlanta Braves from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Atlanta Braves in a research note on Friday, March 27th. Zacks Research lowered Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Rosenblatt Securities lifted their price objective on 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, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $75.00.

Atlanta Braves Stock Performance

Shares of BATRK stock opened at $51.10 on Thursday. The company has a market cap of $2.70 billion, a P/E ratio of -141.94 and a beta of 0.71. The stock has a 50 day simple moving average of $49.04 and a two-hundred day simple moving average of $43.87. Atlanta Braves Holdings, Inc. has a fifty-two week low of $37.76 and a fifty-two week high of $52.11.

Atlanta Braves (NASDAQ:BATRK) last issued its earnings results on Monday, May 11th. The financial services provider reported ($0.63) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.83) by $0.20. The business had revenue of $72.01 million during the quarter, compared to the consensus estimate of $64.60 million. On average, research analysts predict that Atlanta Braves Holdings, Inc. will post 0.02 earnings per share for the current 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.