Poehling Capital Management INC. Purchases New Shares in Atlanta Braves Holdings, Inc. $BATRK

Poehling Capital Management INC. purchased a new position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 23,337 shares of the financial services provider’s stock, valued at approximately $996,000.

Other institutional investors have also added to or reduced their stakes in the company. EverSource Wealth Advisors LLC boosted its holdings in shares of Atlanta Braves by 956.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 697 shares of the financial services provider’s stock valued at $33,000 after buying an additional 631 shares in the last quarter. Advisory Services Network LLC bought a new stake in Atlanta Braves during the third quarter worth about $34,000. Comerica Bank grew 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 worth $41,000 after purchasing an additional 319 shares during the period. Kestra Advisory Services LLC purchased a new stake in Atlanta Braves in the fourth quarter worth about $51,000. Finally, Brown Brothers Harriman & Co. increased its stake in shares of Atlanta Braves by 72.6% during the fourth quarter. Brown Brothers Harriman & Co. now owns 1,426 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 600 shares in the last quarter. Institutional investors own 64.88% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BATRK shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Atlanta Braves in a report on Wednesday. Rosenblatt Securities boosted their target price on Atlanta Braves from $69.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. Zacks Research cut Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. Finally, Wall Street Zen upgraded Atlanta Braves from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. One analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $75.00.

Atlanta Braves Price Performance

BATRK stock opened at $51.96 on Friday. The company has a market cap of $2.75 billion, a P/E ratio of -144.33 and a beta of 0.71. Atlanta Braves Holdings, Inc. has a 1 year low of $37.76 and a 1 year high of $52.75. The stock’s fifty day moving average price is $49.97 and its 200-day moving average price is $44.42.

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 firm had revenue of $72.01 million during the quarter, compared to the consensus estimate of $64.60 million. As a group, 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.