Berkshire Hathaway Inc Has $4.55 Million Stake in Atlanta Braves Holdings, Inc. $BATRK

Berkshire Hathaway Inc decreased its position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 48.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 115,428 shares of the financial services provider’s stock after selling 108,217 shares during the quarter. Berkshire Hathaway Inc’s holdings in Atlanta Braves were worth $4,554,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of Atlanta Braves by 12.8% in the 4th quarter. Vanguard Group Inc. now owns 2,789,084 shares of the financial services provider’s stock valued at $110,029,000 after purchasing an additional 317,065 shares during the period. Hawk Ridge Capital Management LP raised its stake in shares of Atlanta Braves by 16.5% in the 4th 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 purchasing an additional 377,307 shares during the period. Broad Bay Capital Management LP raised its stake in shares of Atlanta Braves by 11.9% in the 4th 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 purchasing an additional 233,771 shares during the period. CI Investments Inc. raised its stake in shares of Atlanta Braves by 1.0% in the 4th quarter. CI Investments Inc. now owns 1,699,739 shares of the financial services provider’s stock valued at $67,055,000 after purchasing an additional 16,404 shares during the period. Finally, Geode Capital Management LLC raised its stake in shares of Atlanta Braves by 0.3% in the 4th quarter. Geode Capital Management LLC now owns 1,086,388 shares of the financial services provider’s stock valued at $42,864,000 after purchasing an additional 2,944 shares during the period. Institutional investors and hedge funds own 64.88% of the company’s stock.

Analyst Upgrades and Downgrades

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

Atlanta Braves Stock Down 0.9%

Shares of NASDAQ BATRK opened at $51.10 on Thursday. The business’s 50 day moving average price is $49.04 and its two-hundred day moving average price is $43.87. The company has a market cap of $2.70 billion, a PE ratio of -141.94 and a beta of 0.71. Atlanta Braves Holdings, Inc. has a twelve month low of $37.76 and a twelve month high of $52.11.

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

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.