Breach Inlet Capital Management LLC Raises Stock Holdings in Atlanta Braves Holdings, Inc. $BATRK

Breach Inlet Capital Management LLC increased its stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 11.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 766,361 shares of the financial services provider’s stock after purchasing an additional 80,488 shares during the period. Atlanta Braves makes up 14.2% of Breach Inlet Capital Management LLC’s holdings, making the stock its 2nd biggest holding. Breach Inlet Capital Management LLC owned 1.48% of Atlanta Braves worth $30,233,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of BATRK. EverSource Wealth Advisors LLC boosted its stake in Atlanta Braves by 956.1% in the second quarter. EverSource Wealth Advisors LLC now owns 697 shares of the financial services provider’s stock valued at $33,000 after buying an additional 631 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Atlanta Braves by 218.3% in the third quarter. Jones Financial Companies Lllp now owns 799 shares of the financial services provider’s stock valued at $33,000 after buying an additional 548 shares in the last quarter. Advisory Services Network LLC acquired a new stake in Atlanta Braves in the third quarter valued at about $34,000. Comerica Bank boosted its stake in Atlanta Braves by 44.8% in the first quarter. Comerica Bank now owns 1,031 shares of the financial services provider’s stock valued at $41,000 after buying an additional 319 shares in the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in Atlanta Braves in the fourth quarter valued at about $51,000. 64.88% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts recently weighed in 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. Rosenblatt Securities raised their price objective on Atlanta Braves from $69.00 to $75.00 and gave the company a “buy” rating in a research note on Thursday, April 2nd. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Atlanta Braves in a research note on Friday, March 27th. Finally, Zacks Research lowered Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 27th. One 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’s stock. According to data from MarketBeat.com, Atlanta Braves currently has an average rating of “Hold” and a consensus price target of $75.00.

Atlanta Braves Trading Down 0.9%

Shares of BATRK stock opened at $51.10 on Thursday. The business’s 50-day moving average price is $49.04 and its 200-day moving average price is $43.87. Atlanta Braves Holdings, Inc. has a 12 month low of $37.76 and a 12 month high of $52.11. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of -141.94 and a beta of 0.71.

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

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.