Atlanta Braves Holdings, Inc. $BATRK Shares Purchased by Elgethun Capital Management

Elgethun Capital Management boosted its position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 8.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 160,326 shares of the financial services provider’s stock after acquiring an additional 12,077 shares during the quarter. Atlanta Braves makes up 1.1% of Elgethun Capital Management’s investment portfolio, making the stock its 24th biggest position. Elgethun Capital Management’s holdings in Atlanta Braves were worth $6,325,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its holdings in Atlanta Braves by 218.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 799 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 548 shares in the last quarter. EverSource Wealth Advisors LLC grew its holdings in Atlanta Braves by 956.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 697 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 631 shares in the last quarter. Advisory Services Network LLC acquired a new position in Atlanta Braves during the 3rd quarter worth $34,000. Comerica Bank grew its holdings in Atlanta Braves by 44.8% during the 1st quarter. Comerica Bank now owns 1,031 shares of the financial services provider’s stock worth $41,000 after acquiring an additional 319 shares in the last quarter. Finally, Quarry LP grew its holdings in Atlanta Braves by 287.5% during the 3rd quarter. Quarry LP now owns 1,585 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 1,176 shares in the last quarter. 64.88% of the stock is owned by institutional investors and hedge funds.

Atlanta Braves Stock Performance

NASDAQ BATRK opened at $48.49 on Thursday. Atlanta Braves Holdings, Inc. has a one year low of $37.76 and a one year high of $52.05. The company has a 50-day simple moving average of $47.49 and a 200-day simple moving average of $43.03. The firm has a market capitalization of $2.56 billion, a PE ratio of -134.69 and a beta of 0.71.

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

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Wall Street Zen raised shares of Atlanta Braves from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Rosenblatt Securities raised their price objective 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. Zacks Research lowered shares of Atlanta Braves from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Atlanta Braves in a report on Friday, March 27th. One analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Atlanta Braves presently has an average rating of “Hold” and a consensus target price of $60.00.

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.