Renaissance Technologies LLC Raises Holdings in Atlanta Braves Holdings, Inc. $BATRK

Renaissance Technologies LLC increased its stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 27.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 305,041 shares of the financial services provider’s stock after acquiring an additional 64,799 shares during the quarter. Renaissance Technologies LLC’s holdings in Atlanta Braves were worth $13,025,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of BATRK. Parthenon LLC boosted its stake in shares of Atlanta Braves by 31.3% during the fourth quarter. Parthenon LLC now owns 223,665 shares of the financial services provider’s stock valued at $8,824,000 after purchasing an additional 53,321 shares during the period. Capula Management Ltd purchased a new position in shares of Atlanta Braves in the first quarter worth $2,504,000. UBS Group AG increased its stake in shares of Atlanta Braves by 14.5% in the fourth quarter. UBS Group AG now owns 557,102 shares of the financial services provider’s stock worth $21,978,000 after buying an additional 70,341 shares during the period. Everett Harris & Co. CA bought a new stake in Atlanta Braves during the 4th quarter valued at $1,594,000. Finally, Thompson Siegel & Walmsley LLC raised its holdings in Atlanta Braves by 73.7% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 245,154 shares of the financial services provider’s stock valued at $9,671,000 after buying an additional 104,009 shares during the last quarter. 64.88% of the stock is owned by hedge funds and other institutional investors.

Atlanta Braves Stock Up 0.1%

Shares of Atlanta Braves stock opened at $50.83 on Friday. The company has a market cap of $2.69 billion, a PE ratio of -141.19 and a beta of 0.68. The business has a 50 day moving average of $50.89 and a 200 day moving average of $46.50. Atlanta Braves Holdings, Inc. has a 52 week low of $37.76 and a 52 week high of $53.25.

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, topping analysts’ consensus estimates of ($0.83) by $0.20. The business had revenue of $72.01 million during the quarter, compared to analysts’ expectations of $64.60 million. On average, research analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.06 earnings per share for the current year.

Wall Street Analysts Forecast Growth

BATRK has been the subject of several analyst reports. Zacks Research cut shares of Atlanta Braves from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 27th. Morgan Stanley cut shares of Atlanta Braves from an “overweight” rating to an “equal weight” rating and set a $54.00 price objective on the stock. in a research report on Wednesday, July 15th. Wall Street Zen raised shares of Atlanta Braves from a “sell” rating to a “hold” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Atlanta Braves in a report on Wednesday, June 24th. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $64.50.

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.