Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Position Raised by Schwartz Investment Counsel Inc.

Schwartz Investment Counsel Inc. raised its position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 54.6% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 542,264 shares of the financial services provider’s stock after purchasing an additional 191,478 shares during the quarter. Schwartz Investment Counsel Inc. owned about 1.07% of Atlanta Braves worth $21,387,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Atlanta Braves by 9.6% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,402 shares of the financial services provider’s stock worth $847,000 after purchasing an additional 1,879 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Atlanta Braves by 18.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,138 shares of the financial services provider’s stock valued at $401,000 after acquiring an additional 1,555 shares during the last quarter. Victory Capital Management Inc. bought a new stake in shares of Atlanta Braves during the 4th quarter worth $308,000. Wilbanks Smith & Thomas Asset Management LLC boosted its stake in shares of Atlanta Braves by 33.1% during the 4th quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 9,352 shares of the financial services provider’s stock worth $370,000 after acquiring an additional 2,326 shares in the last quarter. Finally, Sheets Smith Wealth Management grew its holdings in shares of Atlanta Braves by 5.2% in the 4th quarter. Sheets Smith Wealth Management now owns 18,345 shares of the financial services provider’s stock worth $726,000 after acquiring an additional 900 shares during the last quarter. 64.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, major shareholder Associated Capital Group, Inc. acquired 2,000 shares of Atlanta Braves stock in a transaction dated Monday, June 24th. The stock was acquired at an average cost of $39.96 per share, for a total transaction of $79,920.00. Following the completion of the purchase, the insider now owns 7,550 shares of the company’s stock, valued at $301,698. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders purchased 3,000 shares of company stock worth $121,765. 11.43% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, Rosenblatt Securities decreased their target price on shares of Atlanta Braves from $54.00 to $53.00 and set a “buy” rating for the company in a report on Wednesday, August 14th.

Atlanta Braves Trading Up 1.0 %

BATRK stock traded up $0.45 during mid-day trading on Friday, hitting $43.74. The stock had a trading volume of 188,204 shares, compared to its average volume of 197,326. The stock has a market capitalization of $2.22 billion and a price-to-earnings ratio of -21.87. Atlanta Braves Holdings, Inc. has a 1-year low of $33.95 and a 1-year high of $44.15. The company has a fifty day moving average of $41.42 and a 200 day moving average of $39.81.

Atlanta Braves (NASDAQ:BATRK) last posted its earnings results on Thursday, August 8th. The financial services provider reported $0.46 EPS for the quarter, topping the consensus estimate of $0.41 by $0.05. The business had revenue of $282.88 million during the quarter, compared to the consensus estimate of $288.20 million. During the same period in the prior year, the firm earned ($0.55) earnings per share. As a group, sell-side analysts expect that Atlanta Braves Holdings, Inc. will post -0.46 earnings per share for the current fiscal year.

Atlanta Braves Profile

Atlanta Braves Holdings, Inc owns and operates the Atlanta Braves Major league baseball club. It also operates mixed-use development project, including retail, office, hotel, and entertainment projects. The company was incorporated in 2022 and is based in Englewood, Colorado.