54,429 Shares in Atlanta Braves Holdings, Inc. $BATRK Acquired by OP Asset Management Ltd

OP Asset Management Ltd bought a new position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) during the first quarter, Holdings Channel reports. The fund bought 54,429 shares of the financial services provider’s stock, valued at approximately $2,324,000.

Several other large investors have also recently modified their holdings of BATRK. EverSource Wealth Advisors LLC lifted its holdings 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 worth $33,000 after purchasing an additional 631 shares during the period. Advisory Services Network LLC acquired a new stake in Atlanta Braves in the third quarter valued at $34,000. Comerica Bank increased its holdings in Atlanta Braves by 44.8% in the first quarter. Comerica Bank now owns 1,031 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 319 shares during the period. Kestra Advisory Services LLC bought a new position in Atlanta Braves during the 4th quarter worth $51,000. Finally, Brown Brothers Harriman & Co. grew its position in shares of Atlanta Braves by 72.6% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,426 shares of the financial services provider’s stock valued at $56,000 after buying an additional 600 shares during the last quarter. Institutional investors own 64.88% of the company’s stock.

Atlanta Braves Trading Up 2.3%

Shares of BATRK opened at $51.96 on Friday. The stock has a market capitalization of $2.75 billion, a P/E ratio of -144.33 and a beta of 0.71. The firm’s fifty day simple moving average is $49.97 and its two-hundred day simple moving average is $44.42. Atlanta Braves Holdings, Inc. has a 12 month low of $37.76 and a 12 month high of $52.75.

Atlanta Braves (NASDAQ:BATRK) last posted its quarterly earnings data on Monday, May 11th. The financial services provider reported ($0.63) earnings per share for the quarter, topping the consensus estimate 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. As a group, research analysts predict that Atlanta Braves Holdings, Inc. will post 0.02 EPS for the current fiscal year.

Analysts Set New Price Targets

BATRK has been the subject of a number of analyst reports. Zacks Research downgraded Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Atlanta Braves in a report on Wednesday. Wall Street Zen raised shares of Atlanta Braves from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Finally, Rosenblatt Securities raised their price target on shares of Atlanta Braves from $69.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. One research analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Atlanta Braves presently has an average rating of “Hold” and an average price target of $75.00.

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.