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

Berkshire Hathaway Inc reduced its holdings 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 institutional investor owned 115,428 shares of the financial services provider’s stock after selling 108,217 shares during the quarter. Berkshire Hathaway Inc owned approximately 0.22% of Atlanta Braves worth $4,554,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Vanguard Group Inc. boosted its holdings 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 worth $110,029,000 after acquiring an additional 317,065 shares in the last quarter. Hawk Ridge Capital Management LP lifted its holdings in Atlanta Braves by 16.5% during the 4th quarter. Hawk Ridge Capital Management LP now owns 2,661,429 shares of the financial services provider’s stock worth $104,993,000 after buying an additional 377,307 shares in the last quarter. Broad Bay Capital Management LP lifted its holdings in Atlanta Braves by 11.9% during the 4th quarter. Broad Bay Capital Management LP now owns 2,202,745 shares of the financial services provider’s stock worth $86,898,000 after buying an additional 233,771 shares in the last quarter. CI Investments Inc. lifted its holdings in Atlanta Braves by 1.0% during the 4th quarter. CI Investments Inc. now owns 1,699,739 shares of the financial services provider’s stock worth $67,055,000 after buying an additional 16,404 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Atlanta Braves by 0.3% during the 4th quarter. Geode Capital Management LLC now owns 1,086,388 shares of the financial services provider’s stock worth $42,864,000 after buying an additional 2,944 shares in the last quarter. 64.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have issued reports on BATRK. Rosenblatt Securities upped 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. Zacks Research downgraded Atlanta Braves from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Wall Street Zen raised Atlanta Braves from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Atlanta Braves in a report on Friday, March 27th. One investment analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given 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 Trading Down 0.9%

Shares of Atlanta Braves stock opened at $51.10 on Thursday. The company has a market capitalization of $2.70 billion, a PE ratio of -141.94 and a beta of 0.71. Atlanta Braves Holdings, Inc. has a 12 month low of $37.76 and a 12 month high of $52.11. The stock’s fifty day simple moving average is $49.04 and its 200 day simple moving average is $43.87.

Atlanta Braves (NASDAQ:BATRK) last issued its quarterly earnings data on Monday, May 11th. The financial services provider reported ($0.63) EPS for the quarter, topping the consensus estimate 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. Analysts predict 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.