Everett Harris & Co. CA Takes $1.59 Million Position in Atlanta Braves Holdings, Inc. $BATRK

Everett Harris & Co. CA acquired a new stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 40,399 shares of the financial services provider’s stock, valued at approximately $1,594,000. Everett Harris & Co. CA owned approximately 0.08% of Atlanta Braves as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Highbridge Capital Management LLC lifted its holdings in Atlanta Braves by 34.9% in the 3rd quarter. Highbridge Capital Management LLC now owns 393,633 shares of the financial services provider’s stock valued at $16,371,000 after purchasing an additional 101,765 shares in the last quarter. Capula Management Ltd purchased a new position in Atlanta Braves in the 3rd quarter valued at $977,000. Vanguard Group Inc. lifted its holdings in Atlanta Braves by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 2,472,019 shares of the financial services provider’s stock valued at $102,811,000 after purchasing an additional 23,694 shares in the last quarter. JPMorgan Chase & Co. lifted its holdings in Atlanta Braves by 46.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 204,929 shares of the financial services provider’s stock valued at $8,523,000 after purchasing an additional 64,968 shares in the last quarter. Finally, Parthenon LLC lifted its holdings in Atlanta Braves by 31.3% in the 4th quarter. Parthenon LLC now owns 223,665 shares of the financial services provider’s stock valued at $8,824,000 after purchasing an additional 53,321 shares in the last quarter. Hedge funds and other institutional investors own 64.88% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on BATRK shares. Rosenblatt Securities raised their price objective on Atlanta Braves from $69.00 to $75.00 and gave the company a “buy” rating in a report on Thursday, April 2nd. Zacks Research lowered Atlanta Braves from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Wall Street Zen upgraded Atlanta Braves from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Weiss Ratings reiterated 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 issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $60.00.

Atlanta Braves Stock Down 0.2%

NASDAQ BATRK opened at $49.48 on Tuesday. Atlanta Braves Holdings, Inc. has a 52 week low of $37.76 and a 52 week high of $52.05. The business’s fifty day simple moving average is $47.92 and its 200-day simple moving average is $43.27. The firm has a market cap of $2.62 billion, a PE ratio of -137.44 and a beta of 0.71.

Atlanta Braves (NASDAQ:BATRK) last posted its quarterly earnings results 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 company had revenue of $72.01 million for the quarter, compared to analysts’ expectations of $64.60 million. Research analysts expect that Atlanta Braves Holdings, Inc. will post 0.02 EPS for the current 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.