Atlanta Braves Holdings (BATRK) came out with a quarterly loss of $0.63 per share versus the Zacks Consensus Estimate of a loss of $0.83. This compares to a loss of $0.66 per share a year ago.
Atlanta Braves offers compelling value, with recent team sales highlighting a significant undervaluation relative to peers. Despite a lackluster on-field season, BATRK grew total revenue 11% and delivered robust OIBDA, buoyed by real estate and broadcast gains. Transition to in-house broadcasting introduces risk, but management has prepared, and national MLB viewership trends remain strong.
Atlanta Braves Holdings (BATRK) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term.
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
Mason Hawkins Southeastern Asset Management | 671,014 | $23.98M | $32.46M | $8.49M | 35.4% |
Chilton Investment Chilton Investment Co Inc. | 100,250 | $4.17M | $4.85M | $678,295 | 16.26% |
| DD Damir Durkovic Entropy Technologies, LP | 6,126 | $282,829.75 | $296,375.88 | $13,546.13 | 4.79% |
Alexandra Stickelman Root Financial Partners, LLC | 86 | $3,671.3 | $4,160.68 | $489.38 | 13.33% |
Christopher C. Powers Farther Finance Advisors, LLC | 1,762 | $71,026.01 | $85,245.56 | $14,219.55 | 20.02% |
| Entertainment Industry | Communication Services Sector | Terence Foster McGuirk CEO | NASDAQ (NGS) Exchange | 531229888 CUSIP |
| US Country | 1,450 Employees | - Last Dividend | 19 May 2016 Last Split | - IPO Date |
Atlanta Braves Holdings, Inc. is a corporation focused on both sports and real estate development. Established in 2022 and situated in Englewood, Colorado, the company oversees the operations of the Atlanta Braves, a Major League Baseball club renowned for its competitive edge and rich history in American sports. In addition to managing the baseball team, Atlanta Braves Holdings, Inc. is involved in a mixed-use development project. This endeavor incorporates a multifaceted approach to developing retail spaces, offices, hotels, and entertainment venues, aiming to create a synergistic environment around the sports experience and beyond.
The scope of Atlanta Braves Holdings, Inc.’s operations encompasses both the sporting and real estate development sectors, offering a range of products and services:
The core activity of Atlanta Braves Holdings, Inc. is the ownership and management of the Atlanta Braves Major League Baseball team. This encompasses everything from player management and team development to game day operations, ensuring fans enjoy high-quality baseball entertainment.
Expanding beyond sports, Atlanta Braves Holdings, Inc. is actively involved in the development of mixed-use real estate projects. These projects aim to blend retail, office, hotel, and entertainment spaces in proximity to the baseball stadium, fostering a vibrant community space for fans, tourists, and the local population. Each component - retail, offices, hotels, and entertainment - is designed to complement the sports-centric atmosphere while also serving the broader community needs and interests.