Sequoia Financial Advisors LLC Takes $954,000 Position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Sequoia Financial Advisors LLC bought a new position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 24,094 shares of the financial services provider's stock, valued at approximately $954,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Stifel Financial Corp increased its holdings in Atlanta Braves by 6.6% in the third quarter. Stifel Financial Corp now owns 6,186 shares of the financial services provider's stock valued at $221,000 after purchasing an additional 384 shares during the last quarter. Tower Research Capital LLC TRC grew its stake in Atlanta Braves by 30.7% in the third quarter. Tower Research Capital LLC TRC now owns 1,701 shares of the financial services provider's stock valued at $61,000 after acquiring an additional 400 shares during the period. Dfpg Investments LLC grew its stake in Atlanta Braves by 4.4% in the fourth quarter. Dfpg Investments LLC now owns 10,435 shares of the financial services provider's stock valued at $402,000 after acquiring an additional 441 shares during the period. IFP Advisors Inc grew its stake in Atlanta Braves by 99.6% in the third 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. Finally, Sheets Smith Wealth Management grew its stake in Atlanta Braves by 2.7% in the third 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. Institutional investors own 64.88% of the company's stock.

Analyst Ratings Changes

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

Atlanta Braves Stock Performance

Shares of BATRK traded down $0.47 during mid-day trading on Monday, reaching $38.06. The company's stock had a trading volume of 94,812 shares, compared to its average volume of 179,180. Atlanta Braves Holdings, Inc. has a 1-year low of $33.95 and a 1-year high of $50.15. The business has a 50-day simple moving average of $39.11 and a two-hundred day simple moving average of $38.00.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $67.75 million during the quarter, compared to the consensus estimate of $61.94 million. On average, equities research analysts expect that Atlanta Braves Holdings, Inc. will post -0.42 earnings per share for the current year.

Atlanta Braves 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.