Diversify Wealth Management LLC Has $1.03 Million Position in Atlanta Braves Holdings, Inc. $BATRK

Diversify Wealth Management LLC increased its stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 304.7% in the 1st quarter, HoldingsChannel.com reports. The firm owned 24,150 shares of the financial services provider’s stock after acquiring an additional 18,183 shares during the period. Diversify Wealth Management LLC’s holdings in Atlanta Braves were worth $1,031,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in Atlanta Braves by 12.8% in the fourth quarter. Vanguard Group Inc. now owns 2,789,084 shares of the financial services provider’s stock valued at $110,029,000 after acquiring an additional 317,065 shares during the last quarter. Hawk Ridge Capital Management LP boosted its stake in shares of Atlanta Braves by 16.5% in the 4th quarter. Hawk Ridge Capital Management LP now owns 2,661,429 shares of the financial services provider’s stock valued at $104,993,000 after purchasing an additional 377,307 shares during the last quarter. Broad Bay Capital Management LP grew its position in shares of Atlanta Braves by 11.9% during the 4th quarter. Broad Bay Capital Management LP now owns 2,202,745 shares of the financial services provider’s stock worth $86,898,000 after buying an additional 233,771 shares during the period. CI Investments Inc. grew its position in shares of Atlanta Braves by 1.0% during the 4th quarter. CI Investments Inc. now owns 1,699,739 shares of the financial services provider’s stock worth $67,055,000 after buying an additional 16,404 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Atlanta Braves by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 1,086,388 shares of the financial services provider’s stock worth $42,864,000 after buying an additional 2,944 shares during the last quarter. Institutional investors and hedge funds own 64.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on BATRK. Weiss Ratings restated a “sell (d-)” rating on shares of Atlanta Braves in a report on Wednesday, June 24th. Rosenblatt Securities increased their price target on Atlanta Braves from $69.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Zacks Research lowered Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Morgan Stanley cut Atlanta Braves from an “overweight” rating to an “equal weight” rating and set a $54.00 price objective for the company. in a research note on Wednesday. Finally, Wall Street Zen raised Atlanta Braves from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $64.50.

Atlanta Braves Stock Down 1.5%

Shares of BATRK stock opened at $51.28 on Thursday. Atlanta Braves Holdings, Inc. has a 12-month low of $37.76 and a 12-month high of $53.25. The firm has a market capitalization of $2.71 billion, a price-to-earnings ratio of -142.44 and a beta of 0.68. The firm has a fifty day moving average of $50.79 and a 200-day moving average of $45.60.

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