Zurcher Kantonalbank Zurich Cantonalbank Grows Stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 18.1% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,138 shares of the financial services provider’s stock after purchasing an additional 1,555 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Atlanta Braves were worth $401,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in BATRK. HHM Wealth Advisors LLC bought a new stake in shares of Atlanta Braves in the third quarter worth about $46,000. Investors Research Corp purchased a new stake in shares of Atlanta Braves during the 3rd quarter worth approximately $52,000. Hahn Capital Management LLC bought a new position in shares of Atlanta Braves during the 3rd quarter valued at approximately $88,000. Montag A & Associates Inc. purchased a new position in shares of Atlanta Braves in the third quarter valued at $127,000. Finally, Aire Advisors LLC purchased a new position in shares of Atlanta Braves in the fourth quarter valued at $207,000. 64.88% of the stock is owned by hedge funds and other institutional investors.

Atlanta Braves Stock Up 0.6 %

NASDAQ:BATRK opened at $38.79 on Friday. The business has a 50 day simple moving average of $38.48 and a 200-day simple moving average of $38.11. 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 issued its quarterly earnings results on Wednesday, February 28th. The financial services provider reported ($0.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.30). The company had revenue of $67.75 million during the quarter, compared to the consensus estimate of $61.94 million. Research analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.18 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, TheStreet lowered shares of Atlanta Braves from a “c-” rating to a “d+” rating in a research report on Tuesday, March 19th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average 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.