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

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 18.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,138 shares of the financial services provider’s stock after purchasing an additional 1,555 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Atlanta Braves were worth $401,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. Sequoia Financial Advisors LLC acquired a new position in Atlanta Braves in the 4th quarter valued at $954,000. Schwartz Investment Counsel Inc. purchased a new position in shares of Atlanta Braves in the fourth quarter worth about $4,691,000. Charles Schwab Investment Management Inc. boosted its position in Atlanta Braves by 43.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 401,131 shares of the financial services provider’s stock worth $14,332,000 after acquiring an additional 121,776 shares during the last quarter. Vanguard Group Inc. grew its stake in Atlanta Braves by 20.3% during 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 acquiring an additional 396,079 shares in the last quarter. Finally, Berkshire Hathaway Inc acquired a new stake in Atlanta Braves in the 3rd quarter valued at about $7,991,000. Institutional investors and hedge funds own 64.88% of the company’s stock.

Atlanta Braves Price Performance

Shares of BATRK stock opened at $38.79 on Friday. Atlanta Braves Holdings, Inc. has a twelve month low of $33.95 and a twelve month high of $50.15. The company’s 50-day moving average price is $38.48 and its 200-day moving average price is $38.11.

Atlanta Braves (NASDAQ:BATRK) last posted 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 business had revenue of $67.75 million for the quarter, compared to the consensus estimate of $61.94 million. Equities research analysts forecast that Atlanta Braves Holdings, Inc. will post -0.18 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, TheStreet lowered Atlanta Braves from a “c-” rating to a “d+” rating in a research report 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target 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.