23,337 Shares in Atlanta Braves Holdings, Inc. $BATRK Acquired by Poehling Capital Management INC.

Poehling Capital Management INC. purchased a new position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 23,337 shares of the financial services provider’s stock, valued at approximately $996,000.

A number of other institutional investors have also recently made changes to their positions in BATRK. EverSource Wealth Advisors LLC grew its holdings in shares of Atlanta Braves by 956.1% in the second quarter. EverSource Wealth Advisors LLC now owns 697 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 631 shares during the last quarter. Advisory Services Network LLC bought a new stake in Atlanta Braves during the 3rd quarter valued at $34,000. Comerica Bank boosted its position in Atlanta Braves by 44.8% during the 1st 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 during the period. Kestra Advisory Services LLC purchased a new stake in Atlanta Braves during the 4th quarter valued at $51,000. Finally, Brown Brothers Harriman & Co. grew its holdings in Atlanta Braves by 72.6% in the 4th quarter. Brown Brothers Harriman & Co. now owns 1,426 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 64.88% of the company’s stock.

Atlanta Braves Trading Up 2.3%

Shares of NASDAQ BATRK opened at $51.96 on Friday. Atlanta Braves Holdings, Inc. has a 12 month low of $37.76 and a 12 month high of $52.75. The firm has a market capitalization of $2.75 billion, a PE ratio of -144.33 and a beta of 0.71. The firm has a fifty day simple moving average of $49.97 and a two-hundred day simple moving average of $44.42.

Atlanta Braves (NASDAQ:BATRK) last posted its earnings results 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 company had revenue of $72.01 million during the quarter, compared to analysts’ expectations 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 year.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on BATRK shares. Wall Street Zen upgraded shares of Atlanta Braves from a “sell” rating to a “hold” rating in a research report on Saturday, May 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Atlanta Braves in a report on Wednesday. Rosenblatt Securities raised their target price on Atlanta Braves from $69.00 to $75.00 and gave the stock a “buy” rating in a research note on Thursday, April 2nd. Finally, Zacks Research cut Atlanta Braves from a “strong-buy” rating to a “hold” rating in a report on Monday, April 27th. One investment analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Atlanta Braves currently has an average rating of “Hold” and a consensus target price of $75.00.

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.