Schwartz Investment Counsel Inc. Invests $4.69 Million in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Schwartz Investment Counsel Inc. bought a new position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 118,512 shares of the financial services provider's stock, valued at approximately $4,691,000. Schwartz Investment Counsel Inc. owned about 0.19% of Atlanta Braves at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Charles Schwab Investment Management Inc. increased its stake in Atlanta Braves by 43.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 401,131 shares of the financial services provider's stock valued at $14,332,000 after buying an additional 121,776 shares during the last quarter. Vanguard Group Inc. increased its stake in Atlanta Braves by 20.3% in the 3rd quarter. Vanguard Group Inc. now owns 2,343,979 shares of the financial services provider's stock valued at $83,750,000 after buying an additional 396,079 shares during the last quarter. Investors Research Corp purchased a new stake in Atlanta Braves in the 3rd quarter valued at about $52,000. Berkshire Hathaway Inc purchased a new stake in Atlanta Braves in the 3rd quarter valued at about $7,991,000. Finally, Principal Financial Group Inc. increased its stake in shares of Atlanta Braves by 2,140.3% during the 3rd quarter. Principal Financial Group Inc. now owns 154,965 shares of the financial services provider's stock worth $5,537,000 after purchasing an additional 148,048 shares during the last quarter. Institutional investors and hedge funds own 64.88% of the company's stock.

Atlanta Braves Stock Up 2.3 %

NASDAQ:BATRK traded up $0.89 during midday trading on Tuesday, hitting $39.70. The company had a trading volume of 169,965 shares, compared to its average volume of 182,782. Atlanta Braves Holdings, Inc. has a 52-week low of $33.95 and a 52-week high of $50.15. The stock's fifty day moving average price is $39.22 and its 200-day moving average price is $37.92.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last announced its earnings results on Wednesday, February 28th. The financial services provider reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.30). The company had revenue of $67.75 million for the quarter, compared to the consensus estimate of $61.94 million. As a group, research analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.42 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

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.