Sheets Smith Wealth Management Buys 700 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Sheets Smith Wealth Management lifted its stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 3.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,936 shares of the financial services provider’s stock after acquiring an additional 700 shares during the period. Sheets Smith Wealth Management’s holdings in Atlanta Braves were worth $724,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Delphi Management Inc. MA increased its position in Atlanta Braves by 0.8% in the 2nd quarter. Delphi Management Inc. MA now owns 47,231 shares of the financial services provider’s stock worth $1,863,000 after buying an additional 388 shares during the period. FMR LLC raised its stake in shares of Atlanta Braves by 2.1% in the third quarter. FMR LLC now owns 21,343 shares of the financial services provider’s stock valued at $849,000 after purchasing an additional 444 shares in the last quarter. Quarry LP lifted its position in Atlanta Braves by 0.9% in the third quarter. Quarry LP now owns 51,562 shares of the financial services provider’s stock worth $2,052,000 after purchasing an additional 456 shares during the period. Diversify Advisory Services LLC boosted its stake in Atlanta Braves by 3.1% during the fourth quarter. Diversify Advisory Services LLC now owns 15,526 shares of the financial services provider’s stock worth $560,000 after buying an additional 474 shares in the last quarter. Finally, nVerses Capital LLC increased its holdings in Atlanta Braves by 25.0% in the 3rd quarter. nVerses Capital LLC now owns 3,000 shares of the financial services provider’s stock valued at $119,000 after buying an additional 600 shares during the period. 64.88% of the stock is owned by institutional investors.

Atlanta Braves Price Performance

Shares of BATRK stock opened at $38.07 on Wednesday. The stock’s fifty day simple moving average is $38.92 and its 200 day simple moving average is $40.49. Atlanta Braves Holdings, Inc. has a one year low of $35.81 and a one year high of $44.42. The firm has a market cap of $1.94 billion, a price-to-earnings ratio of -52.15 and a beta of 0.72.

Atlanta Braves (NASDAQ:BATRK) last posted its earnings results on Wednesday, November 6th. The financial services provider reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.34). The firm had revenue of $290.67 million for the quarter, compared to the consensus estimate of $301.09 million. During the same period in the prior year, the business earned ($0.10) EPS. On average, research analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current year.

Atlanta Braves Company Profile

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.