Principal Financial Group Inc. increases its holdings in Atlanta Braves Holdings, Inc. (NASDAQ: BATRK)

Principal Financial Group Inc. increased its holdings in shares of Atlanta Braves Holdings, Inc. (NASDAQ: BATRK – Free Report) by 3.6% during the 4th quarter, according to the company in its latest 13F filing with Securities & Exchange Commission. The company owned 160,536 shares of the financial services provider after purchasing an additional 5,571 shares during the period. Principal Financial Group Inc. owned approximately 0.26% of the Atlanta Braves, worth $6,354,000 at the end of the most recent quarter.

A number of other hedge funds have also recently increased or reduced their stakes in BATRK. Montag A & Associates Inc. acquired a new stake in Atlanta Braves in the third quarter, valued at approximately $127,000. Aire Advisors LLC acquired a new stake in Atlanta Braves in the fourth quarter, valued at approximately $207,000. Raymond James Trust NA purchased a new position in the Atlanta Braves during the fourth quarter worth approximately $217,000. Hosking Partners LLP acquired a new stake in shares of the Atlanta Braves in the third quarter, valued at approximately $268,000. Finally, Victory Capital Management Inc. acquired a new stake in shares of the Atlanta Braves in the 4th quarter valued at $308,000. 64.88% of shares are currently owned by institutional investors and hedge funds.

Atlanta Braves shares down 0.5%

Shares of NASDAQ BATRK opened at $38.90 on Thursday. The company has a 50-day moving average price of $38.57 and a 200-day moving average price of $38.59. The stock has a market cap of $1.97 billion and a PE ratio of -19.45. Atlanta Braves Holdings, Inc. has a 52-week low of $33.95 and a 52-week high of $50.15.

The Atlanta Braves (NASDAQ:BATRK – Get Free Report) last announced earnings on Wednesday, May 8th. The financial services provider reported earnings per share (EPS) of ($0.83) for the quarter, missing analysts’ consensus estimates of ($0.64) by ($0.19). The company had revenue of $37.08 million for the quarter, compared to analysts’ estimates of $39.63 million. Sell-side analysts predict that Atlanta Braves Holdings, Inc. will post -0.46 earnings per share for the current year.

Analyst upgrades and downgrades

Separately, TheStreet lowered the Atlanta Braves from a “c-” rating to a “d+” rating in a report on Tuesday, March 19. One investment analyst has rated the stock with a sell rating, another has given a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $45.00.

Read our latest analysis on BATRK

Atlanta Braves Company Profile

(Free report)

Atlanta Braves Holdings, Inc owns and operates the Atlanta Braves major league baseball club. It also manages mixed-use development projects, including retail, office, hotel and entertainment projects. The company was incorporated in 2022 and is based in Englewood, Colorado.

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Want to see what other hedge funds hold BATRK? Visit HoldingsChannel.com to get the latest 13F filings and insider transactions for Atlanta Braves Holdings, Inc. (NASDAQ:BATRK – Free Report).

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