UBS Group AG Has $21.98 Million Stock Holdings in Atlanta Braves Holdings, Inc. $BATRK

UBS Group AG grew its position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 14.5% in the 4th quarter, Holdings Channel reports. The institutional investor owned 557,102 shares of the financial services provider’s stock after purchasing an additional 70,341 shares during the period. UBS Group AG’s holdings in Atlanta Braves were worth $21,978,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. Qube Research & Technologies Ltd lifted its holdings in shares of Atlanta Braves by 504.1% during the 3rd quarter. Qube Research & Technologies Ltd now owns 436,158 shares of the financial services provider’s stock valued at $18,140,000 after purchasing an additional 363,953 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Atlanta Braves by 12.8% during the fourth quarter. Vanguard Group Inc. now owns 2,789,084 shares of the financial services provider’s stock worth $110,029,000 after buying an additional 317,065 shares during the last quarter. Invesco Ltd. lifted its stake in shares of Atlanta Braves by 406.3% in the 3rd quarter. Invesco Ltd. now owns 261,754 shares of the financial services provider’s stock valued at $10,886,000 after acquiring an additional 210,051 shares during the last quarter. Millennium Management LLC boosted 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 valued at $20,583,000 after acquiring an additional 200,555 shares in the last quarter. Finally, Scopia Capital Management LP bought a new stake in Atlanta Braves during the 2nd quarter worth $8,755,000. 64.88% of the stock is currently owned by institutional investors and hedge funds.

Atlanta Braves Price Performance

NASDAQ BATRK opened at $50.22 on Tuesday. The stock has a market capitalization of $2.64 billion, a P/E ratio of -128.77 and a beta of 0.73. The business has a 50 day simple moving average of $45.21 and a 200 day simple moving average of $41.79. Atlanta Braves Holdings, Inc. has a one year low of $37.76 and a one year high of $52.05.

Atlanta Braves (NASDAQ:BATRK) last posted its quarterly earnings results on Monday, May 11th. The financial services provider reported ($0.63) earnings per share (EPS) 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 the consensus estimate of $64.60 million. Equities analysts expect that Atlanta Braves Holdings, Inc. will post 0.09 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have commented on BATRK. Zacks Research downgraded Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Wall Street Zen downgraded Atlanta Braves from a “hold” rating to a “sell” rating in a research note on Sunday, April 12th. Rosenblatt Securities lifted their target price on shares of Atlanta Braves from $69.00 to $75.00 and gave the stock a “buy” rating in a research report on Thursday, April 2nd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Atlanta Braves in a report on Friday, March 27th. One equities research analyst has rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $60.00.

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.