Janus Henderson Group PLC Raises Stock Position in Atlanta Braves Holdings, Inc. $BATRK

Janus Henderson Group PLC lifted its holdings in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 13.2% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 834,765 shares of the financial services provider’s stock after purchasing an additional 97,443 shares during the quarter. Janus Henderson Group PLC’s holdings in Atlanta Braves were worth $35,645,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Global Trust Asset Management LLC acquired a new position in shares of Atlanta Braves in the first quarter valued at approximately $26,000. EverSource Wealth Advisors LLC lifted 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 buying an additional 631 shares in the last quarter. Advisory Services Network LLC purchased a new position in Atlanta Braves in the 3rd quarter valued at approximately $34,000. Fifth Third Bancorp purchased a new position in Atlanta Braves in the 1st quarter valued at approximately $35,000. Finally, Comerica Bank grew its stake in shares of 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 acquiring an additional 319 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 analysts have recently weighed in on the company. Morgan Stanley lowered Atlanta Braves from an “overweight” rating to an “equal weight” rating and set a $54.00 price objective on the stock. in a research report on Wednesday, July 15th. Weiss Ratings reissued a “sell (d-)” rating on shares of Atlanta Braves in a research note on Wednesday, June 24th. Zacks Research downgraded Atlanta Braves from a “strong-buy” rating to a “hold” rating in a report 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 investment analyst has rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $64.50.

Atlanta Braves Stock Performance

Shares of BATRK opened at $50.83 on Monday. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of -141.19 and a beta of 0.68. The firm’s fifty day simple moving average is $50.89 and its 200-day simple moving average is $46.54. Atlanta Braves Holdings, Inc. has a twelve month low of $37.76 and a twelve month high of $53.25.

Atlanta Braves (NASDAQ:BATRK) last issued its earnings results on Monday, May 11th. The financial services provider reported ($0.63) EPS for the quarter, topping analysts’ consensus estimates of ($0.83) by $0.20. The firm had revenue of $72.01 million for the quarter, compared to analyst estimates of $64.60 million. On average, analysts predict that Atlanta Braves Holdings, Inc. will post -0.06 earnings per share for the current fiscal 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.