Dynamic Technology Lab Private Ltd Purchases 16,195 Shares of Atlanta Braves Holdings, Inc. $BATRK

Dynamic Technology Lab Private Ltd grew its position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 225.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 23,385 shares of the financial services provider’s stock after purchasing an additional 16,195 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Atlanta Braves were worth $973,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Comerica Bank boosted its stake in Atlanta Braves by 44.8% in the 1st quarter. Comerica Bank now owns 1,031 shares of the financial services provider’s stock valued at $41,000 after purchasing an additional 319 shares during the period. AQR Capital Management LLC bought a new position in Atlanta Braves during the 1st quarter worth $382,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in shares of Atlanta Braves by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 29,839 shares of the financial services provider’s stock worth $1,194,000 after buying an additional 1,302 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of Atlanta Braves by 12,972.7% in the first quarter. Jones Financial Companies Lllp now owns 18,694 shares of the financial services provider’s stock valued at $748,000 after acquiring an additional 18,551 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Atlanta Braves by 8.8% in the first quarter. Goldman Sachs Group Inc. now owns 269,383 shares of the financial services provider’s stock valued at $10,778,000 after acquiring an additional 21,883 shares during the period. Institutional investors own 64.88% of the company’s stock.

Atlanta Braves Stock Performance

Shares of NASDAQ BATRK opened at $43.74 on Monday. The firm has a 50 day moving average price of $41.01 and a two-hundred day moving average price of $40.69. The stock has a market cap of $2.30 billion, a P/E ratio of -112.15 and a beta of 0.55. Atlanta Braves Holdings, Inc. has a 52-week low of $35.46 and a 52-week high of $47.18.

Atlanta Braves (NASDAQ:BATRK) last issued its quarterly earnings data on Wednesday, February 25th. The financial services provider reported ($0.28) earnings per share for the quarter, topping the consensus estimate of ($0.66) by $0.38. The business had revenue of $61.30 million during the quarter, compared to the consensus estimate of $54.93 million. Analysts predict that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on BATRK shares. Wall Street Zen raised shares of Atlanta Braves from a “sell” rating to a “hold” rating in a research report on Saturday, December 6th. Zacks Research raised shares of Atlanta Braves from a “hold” rating to a “strong-buy” rating in a report on Thursday. Rosenblatt Securities restated a “buy” rating and set a $69.00 target price on shares of Atlanta Braves in a research report on Thursday, February 26th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Atlanta Braves in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $57.00.

Insider Buying and Selling

In related news, major shareholder John C. Malone purchased 35,000 shares of Atlanta Braves stock in a transaction on Thursday, February 5th. The shares were purchased at an average price of $44.23 per share, for a total transaction of $1,548,050.00. Following the transaction, the insider owned 521,862 shares of the company’s stock, valued at approximately $23,081,956.26. This represents a 7.19% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 11.43% of the company’s stock.

Atlanta Braves Company Profile

The Atlanta Braves Real Estate Ownership Trust (NASDAQ:BATRK) is a publicly traded real estate investment trust established in 2021 by Liberty Braves Group. The trust’s primary purpose is to own and manage a portfolio of sports and entertainment properties related to the Atlanta Braves baseball franchise. BATRK generates stable rental income by leasing its assets to the Braves Baseball Club, LLC, under long-term lease agreements designed to align property performance with franchise needs.

The trust’s portfolio is anchored by Truist Park, the 41,084-seat baseball stadium that has served as the Braves’ home since 2017.