Wilbanks Smith & Thomas Asset Management LLC Has $370,000 Stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Wilbanks Smith & Thomas Asset Management LLC lifted its holdings in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 33.1% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 9,352 shares of the financial services provider’s stock after acquiring an additional 2,326 shares during the period. Wilbanks Smith & Thomas Asset Management LLC’s holdings in Atlanta Braves were worth $370,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Walleye Capital LLC acquired a new stake in shares of Atlanta Braves in the 3rd quarter valued at $19,205,000. Vanguard Group Inc. lifted its holdings 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 purchasing an additional 396,079 shares during the last quarter. Ruane Cunniff & Goldfarb L.P. bought a new stake in Atlanta Braves during the third quarter worth about $8,021,000. Berkshire Hathaway Inc bought a new stake in Atlanta Braves during the 3rd quarter worth approximately $7,991,000. Finally, Tudor Investment Corp Et Al boosted its stake in Atlanta Braves by 194.2% in the third quarter. Tudor Investment Corp Et Al now owns 265,076 shares of the financial services provider’s stock worth $9,471,000 after purchasing an additional 174,987 shares in the last quarter. Institutional investors own 64.88% of the company’s stock.

Atlanta Braves Trading Up 0.6 %

Shares of Atlanta Braves stock opened at $38.79 on Friday. The firm has a fifty day moving average of $38.48 and a two-hundred day moving average of $38.11. Atlanta Braves Holdings, Inc. has a 52 week low of $33.95 and a 52 week high of $50.15.

Atlanta Braves (NASDAQ:BATRK) last released its quarterly earnings data on Wednesday, February 28th. The financial services provider reported ($0.52) EPS for the quarter, missing analysts’ consensus estimates of ($0.22) by ($0.30). The company had revenue of $67.75 million during the quarter, compared to analyst estimates of $61.94 million. Sell-side analysts predict that Atlanta Braves Holdings, Inc. will post -0.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, TheStreet cut Atlanta Braves from a “c-” rating to a “d+” rating in a report on Tuesday, March 19th. One investment 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. According to MarketBeat, 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.