105,000 Shares in Atlanta Braves Holdings, Inc. $BATRK Purchased by Needham Investment Management LLC

Needham Investment Management LLC acquired a new position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) during the 4th quarter, Holdings Channel reports. The fund acquired 105,000 shares of the financial services provider’s stock, valued at approximately $4,142,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Lido Advisors LLC boosted its position in shares of Atlanta Braves by 5.1% in the 3rd quarter. Lido Advisors LLC now owns 5,512 shares of the financial services provider’s stock worth $229,000 after buying an additional 269 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of Atlanta Braves by 0.7% in the 2nd quarter. California State Teachers Retirement System now owns 39,984 shares of the financial services provider’s stock worth $1,870,000 after buying an additional 285 shares in the last quarter. Comerica Bank boosted its position in shares of Atlanta Braves by 44.8% in the 1st quarter. Comerica Bank now owns 1,031 shares of the financial services provider’s stock worth $41,000 after buying an additional 319 shares in the last quarter. Diversify Advisory Services LLC lifted its holdings in Atlanta Braves by 2.0% in the 4th quarter. Diversify Advisory Services LLC now owns 16,743 shares of the financial services provider’s stock valued at $671,000 after purchasing an additional 323 shares in the last quarter. Finally, Sei Investments Co. lifted its holdings in Atlanta Braves by 5.1% in the 3rd quarter. Sei Investments Co. now owns 7,070 shares of the financial services provider’s stock valued at $294,000 after purchasing an additional 346 shares in the last quarter. 64.88% of the stock is currently owned by hedge funds and other institutional investors.

Atlanta Braves Trading Up 0.2%

BATRK stock opened at $50.82 on Tuesday. The firm has a 50 day simple moving average of $48.74 and a 200-day simple moving average of $43.70. Atlanta Braves Holdings, Inc. has a twelve month low of $37.76 and a twelve month high of $52.05. The company has a market capitalization of $2.69 billion, a P/E ratio of -141.17 and a beta of 0.71.

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

Wall Street Analyst Weigh In

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

Atlanta Braves 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.