Schwartz Investment Counsel Inc. Acquires 191,478 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Schwartz Investment Counsel Inc. increased its stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) by 54.6% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 542,264 shares of the financial services provider's stock after acquiring an additional 191,478 shares during the quarter. Schwartz Investment Counsel Inc. owned approximately 1.07% of Atlanta Braves worth $21,387,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Quent Capital LLC lifted its position in shares of Atlanta Braves by 568.4% in the 1st quarter. Quent Capital LLC now owns 1,651 shares of the financial services provider's stock valued at $64,000 after acquiring an additional 1,404 shares in the last quarter. Brown Brothers Harriman & Co. lifted its holdings in shares of Atlanta Braves by 31.2% in the fourth quarter. Brown Brothers Harriman & Co. now owns 2,452 shares of the financial services provider's stock valued at $97,000 after purchasing an additional 583 shares in the last quarter. Mango Investments LLC acquired a new stake in shares of Atlanta Braves in the fourth quarter worth $107,000. OFI Invest Asset Management purchased a new position in shares of Atlanta Braves during the second quarter valued at $156,000. Finally, Scarborough Advisors LLC acquired a new position in Atlanta Braves during the fourth quarter valued at $199,000. 64.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Atlanta Braves

In other news, major shareholder Associated Capital Group, Inc. bought 2,000 shares of the stock in a transaction dated Monday, June 24th. The shares were acquired at an average price of $39.96 per share, with a total value of $79,920.00. Following the acquisition, the insider now owns 7,550 shares in the company, valued at $301,698. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders have purchased a total of 3,000 shares of company stock valued at $121,765 in the last 90 days. 11.43% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Separately, Rosenblatt Securities lowered their price objective on shares of Atlanta Braves from $54.00 to $53.00 and set a "buy" rating on the stock in a research report on Wednesday, August 14th.

Atlanta Braves Price Performance

NASDAQ:BATRK traded up $0.45 during midday trading on Friday, reaching $43.74. The stock had a trading volume of 188,204 shares, compared to its average volume of 197,326. The stock has a market capitalization of $2.22 billion and a P/E ratio of -21.87. Atlanta Braves Holdings, Inc. has a 1-year low of $33.95 and a 1-year high of $44.15. The firm's fifty day simple moving average is $41.42 and its 200-day simple moving average is $39.81.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last announced its quarterly earnings results on Thursday, August 8th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.05. The business had revenue of $282.88 million during the quarter, compared to the consensus estimate of $288.20 million. During the same period last year, the firm earned ($0.55) EPS. On average, equities research analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.46 earnings per share for the current fiscal year.

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.