Thompson Siegel & Walmsley LLC Purchases 104,009 Shares of Atlanta Braves Holdings, Inc. $BATRK

Thompson Siegel & Walmsley LLC lifted its position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 73.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 245,154 shares of the financial services provider’s stock after acquiring an additional 104,009 shares during the quarter. Thompson Siegel & Walmsley LLC’s holdings in Atlanta Braves were worth $9,671,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Eurizon Capital SGR S.p.A. bought a new stake in shares of Atlanta Braves during the fourth quarter worth $97,000. Geode Capital Management LLC raised its position in shares of Atlanta Braves by 0.3% during the fourth quarter. Geode Capital Management LLC now owns 1,086,388 shares of the financial services provider’s stock worth $42,864,000 after acquiring an additional 2,944 shares during the last quarter. Praxis Capital Management LLC bought a new stake in shares of Atlanta Braves during the fourth quarter worth $394,000. Redmont Wealth Advisors LLC raised its position in shares of Atlanta Braves by 7.3% during the fourth quarter. Redmont Wealth Advisors LLC now owns 14,558 shares of the financial services provider’s stock worth $574,000 after acquiring an additional 990 shares during the last quarter. Finally, ProShare Advisors LLC raised its position in shares of Atlanta Braves by 6.9% during the fourth quarter. ProShare Advisors LLC now owns 8,441 shares of the financial services provider’s stock worth $333,000 after acquiring an additional 544 shares during the last quarter. Institutional investors own 64.88% of the company’s stock.

Atlanta Braves Trading Down 0.1%

NASDAQ:BATRK opened at $49.54 on Tuesday. Atlanta Braves Holdings, Inc. has a 1 year low of $37.76 and a 1 year high of $52.05. The stock has a market cap of $2.62 billion, a price-to-earnings ratio of -137.61 and a beta of 0.71. The stock has a 50-day moving average price of $47.20 and a two-hundred day moving average price of $42.89.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on BATRK shares. Wall Street Zen upgraded Atlanta Braves from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Zacks Research downgraded Atlanta Braves from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Atlanta Braves in a report on Friday, March 27th. Finally, Rosenblatt Securities upped 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 equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $60.00.

About Atlanta Braves

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.