Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Shares Bought by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. raised its stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 9.6% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 21,402 shares of the financial services provider’s stock after purchasing an additional 1,879 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Atlanta Braves were worth $847,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the stock. Dfpg Investments LLC boosted its holdings in shares of Atlanta Braves by 4.4% in the 4th quarter. Dfpg Investments LLC now owns 10,435 shares of the financial services provider’s stock valued at $402,000 after purchasing an additional 441 shares during the last quarter. IFP Advisors Inc raised its stake in shares of Atlanta Braves by 99.6% in the 3rd quarter. IFP Advisors Inc now owns 908 shares of the financial services provider’s stock valued at $34,000 after acquiring an additional 453 shares during the period. Sheets Smith Wealth Management raised its stake in shares of Atlanta Braves by 2.7% in the 3rd quarter. Sheets Smith Wealth Management now owns 17,445 shares of the financial services provider’s stock valued at $623,000 after acquiring an additional 465 shares during the period. Wittenberg Investment Management Inc. raised its stake in shares of Atlanta Braves by 2.8% in the 3rd quarter. Wittenberg Investment Management Inc. now owns 37,531 shares of the financial services provider’s stock valued at $1,341,000 after acquiring an additional 1,009 shares during the period. Finally, Handelsbanken Fonder AB raised its stake in shares of Atlanta Braves by 9.7% in the 3rd quarter. Handelsbanken Fonder AB now owns 12,677 shares of the financial services provider’s stock valued at $453,000 after acquiring an additional 1,117 shares during the period. Institutional investors and hedge funds own 64.88% of the company’s stock.

Atlanta Braves Price Performance

BATRK opened at $38.29 on Wednesday. The company has a 50-day moving average of $38.74 and a 200-day moving average of $38.05. Atlanta Braves Holdings, Inc. has a 1-year low of $33.95 and a 1-year high of $50.15.

Atlanta Braves (NASDAQ:BATRK) last released its earnings results on Wednesday, February 28th. The financial services provider reported ($0.52) earnings per share for the quarter, missing the consensus estimate of ($0.22) by ($0.30). The firm had revenue of $67.75 million for the quarter, compared to the consensus estimate of $61.94 million. On average, sell-side analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.42 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, TheStreet downgraded shares of Atlanta Braves from a “c-” rating to a “d+” rating in a research note on Tuesday, March 19th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $45.00.

About Atlanta Braves

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