Charles Schwab Investment Management Inc. Buys 4,203 Shares of Atlanta Braves Holdings, Inc. (NASDAQ: BATRK)

Charles Schwab Investment Management Inc. increased its position in Atlanta Braves Holdings, Inc. (NASDAQ: BATRK – Free Report) by 1.0% during the 4th quarter, according to its latest disclosure with the Securities and Exchange Commission. The fund held 405,334 shares of the financial services provider after purchasing an additional 4,203 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.66% of the Atlanta Braves, worth $16,043,000 at the end of the most recent reporting period.

Other large investors have also recently changed their positions in the company. Dfpg Investments LLC increased its stake in Atlanta Braves by 4.4% during the fourth quarter. Dfpg Investments LLC now owns 10,435 shares of the financial services provider’s stock worth $402,000 after acquiring an additional 441 shares during the last quarter. Sheets Smith Wealth Management increased its stake in Atlanta Braves by 5.2% during the fourth quarter. Sheets Smith Wealth Management now owns 18,345 shares of the financial services provider’s stock worth $726,000 after acquiring an additional 900 shares during the last quarter. Wittenberg Investment Management Inc. increased its stake in Atlanta Braves by 2.8% during the third quarter. Wittenberg Investment Management Inc. now owns 37,531 shares of the financial services provider’s stock worth $1,341,000 after acquiring an additional 1,009 shares during the last quarter. DAVENPORT & Co LLC increased its stake in Atlanta Braves by 2.5% during the fourth quarter. DAVENPORT & Co LLC now owns 55,289 shares of the financial services provider’s stock worth $2,188,000 after acquiring an additional 1,325 shares during the last quarter. Finally, Redmont Wealth Advisors LLC increased its stake in Atlanta Braves by 11.0% during the fourth quarter. Redmont Wealth Advisors LLC now owns 14,779 shares of the financial services provider’s stock worth $585,000 after acquiring an additional 1,459 shares during the last quarter. 64.88% of shares are held by institutional investors.

Atlanta Braves Price Performance

Shares of NASDAQ:BATRK opened at $38.93 on Tuesday. Atlanta Braves Holdings, Inc. has a one-year low of $33.95 and a one-year high of $50.15. The company has a 50-day simple moving average of $38.53 and a two-hundred-day simple moving average of $38.56. The company has a market capitalization of $1.97 billion and a PE ratio of -19.47.

The Atlanta Braves (NASDAQ:BATRK – Get Free Report) last announced earnings on Wednesday, May 8th. The financial services provider reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by $0.19. The company had revenue of $37.08 million during the quarter, compared to analyst estimates of $39.63 million. Equity research analysts expect Atlanta Braves Holdings, Inc. to post -0.46 EPS for the current fiscal year.

Analysts set new price targets

Separately, TheStreet lowered the Atlanta Braves from a “c-” rating to a “d+” rating in a research report on Tuesday, March 19. One analyst has rated the stock with a sell rating, another has given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $45.00.

Get our latest analysis on BATRK

About the Atlanta Braves

(Free report)

Atlanta Braves Holdings, Inc owns and operates the Atlanta Braves major league baseball club. It also manages mixed-use development projects, including retail, office, hotel and entertainment projects. The company was incorporated in 2022 and is based in Englewood, Colorado.

Further reading

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