OP Asset Management Ltd Buys Shares of 54,429 Atlanta Braves Holdings, Inc. $BATRK

OP Asset Management Ltd purchased a new stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 54,429 shares of the financial services provider’s stock, valued at approximately $2,324,000. OP Asset Management Ltd owned about 0.10% of Atlanta Braves as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. lifted its position in shares of Atlanta Braves by 12.8% during the 4th quarter. Vanguard Group Inc. now owns 2,789,084 shares of the financial services provider’s stock worth $110,029,000 after buying an additional 317,065 shares during the last quarter. Hawk Ridge Capital Management LP grew its position in Atlanta Braves by 16.5% in the fourth 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 acquiring an additional 377,307 shares during the last quarter. Broad Bay Capital Management LP grew its position in Atlanta Braves by 11.9% in the fourth quarter. Broad Bay Capital Management LP now owns 2,202,745 shares of the financial services provider’s stock valued at $86,898,000 after acquiring an additional 233,771 shares during the last quarter. CI Investments Inc. grew its position in Atlanta Braves by 1.0% in the fourth quarter. CI Investments Inc. now owns 1,699,739 shares of the financial services provider’s stock valued at $67,055,000 after acquiring an additional 16,404 shares during the last quarter. Finally, Geode Capital Management LLC raised its stake in 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 acquiring an additional 2,944 shares in the last quarter. Institutional investors and hedge funds own 64.88% of the company’s stock.

Atlanta Braves Stock Up 2.3%

NASDAQ BATRK opened at $51.96 on Friday. Atlanta Braves Holdings, Inc. has a twelve month low of $37.76 and a twelve month high of $52.75. The company has a market cap of $2.75 billion, a price-to-earnings ratio of -144.33 and a beta of 0.71. The business’s fifty day moving average is $49.97 and its 200 day moving average is $44.42.

Atlanta Braves (NASDAQ:BATRK) last issued its earnings results on Monday, May 11th. The financial services provider reported ($0.63) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.83) by $0.20. The firm had revenue of $72.01 million during the quarter, compared to analyst estimates of $64.60 million. On average, research analysts anticipate that Atlanta Braves Holdings, Inc. will post 0.02 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms have recently commented on BATRK. Wall Street Zen raised shares of Atlanta Braves from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Atlanta Braves in a report on Wednesday. Rosenblatt Securities upped their price objective on shares of Atlanta Braves from $69.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Finally, Zacks Research downgraded shares of Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. One research analyst has rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $75.00.

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.