Thompson Siegel & Walmsley LLC Acquires 104,009 Shares of Atlanta Braves Holdings, Inc. $BATRK

Thompson Siegel & Walmsley LLC boosted its holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 73.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 245,154 shares of the financial services provider’s stock after buying an additional 104,009 shares during the period. Thompson Siegel & Walmsley LLC owned approximately 0.47% of Atlanta Braves worth $9,671,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in BATRK. Qube Research & Technologies Ltd increased its position in Atlanta Braves by 504.1% in the 3rd quarter. Qube Research & Technologies Ltd now owns 436,158 shares of the financial services provider’s stock worth $18,140,000 after buying an additional 363,953 shares during the period. Vanguard Group Inc. grew its holdings 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 purchasing an additional 317,065 shares in the last quarter. Invesco Ltd. grew its holdings in shares of Atlanta Braves by 406.3% during the 3rd quarter. Invesco Ltd. now owns 261,754 shares of the financial services provider’s stock worth $10,886,000 after purchasing an additional 210,051 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Atlanta Braves by 68.1% during the 3rd quarter. Millennium Management LLC now owns 494,905 shares of the financial services provider’s stock worth $20,583,000 after purchasing an additional 200,555 shares in the last quarter. Finally, Scopia Capital Management LP acquired a new stake in shares of Atlanta Braves during the 2nd quarter worth approximately $8,755,000. 64.88% of the stock is owned by institutional investors.

Atlanta Braves Stock Performance

Atlanta Braves stock opened at $49.54 on Tuesday. The firm has a market cap of $2.62 billion, a P/E ratio of -137.61 and a beta of 0.71. The business’s fifty day moving average is $47.20 and its two-hundred day moving average is $42.89. Atlanta Braves Holdings, Inc. has a 52 week low of $37.76 and a 52 week high of $52.05.

Atlanta Braves (NASDAQ:BATRK) last posted its quarterly earnings data 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 business had revenue of $72.01 million during the quarter, compared to analyst estimates of $64.60 million. On average, equities research analysts predict that Atlanta Braves Holdings, Inc. will post 0.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on BATRK shares. Zacks Research lowered Atlanta Braves from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings reissued a “sell (d-)” rating on shares of Atlanta Braves in a report on Friday, March 27th. Wall Street Zen raised Atlanta Braves from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Rosenblatt Securities lifted their price objective on Atlanta Braves from $69.00 to $75.00 and gave the stock a “buy” rating in a report on Thursday, April 2nd. One research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $60.00.

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.