What Makes Atlanta Braves Holdings (BATRA) a Good Investment Opportunity?
Investment management company Ave Maria recently released its “Ave Maria Growth Fund” fourth quarter 2023 investor letter. A copy of the same can be downloaded here. The total return of the fund in the fourth quarter was 14.25% compared to the 11.69% return for the S&P 500 Index. For the full year, the fund returned 30.29% compared to the 26.29% return for the index. You can check the top 5 holdings of the fund to know its best picks in 2023.
Ave Maria Growth Fund featured stocks like Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) in its Q4 2023 investor letter. Headquartered in Englewood, Colorado, Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) owns and operates a league baseball club. On February 28, 2024, Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) stock closed at $41.55 per share. One-month return of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) was -4.75%, and YTD its shares lost 2.88% of their value. Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) has a market capitalization of $2.428 billion.
Ave Maria Growth Fund stated the following regarding Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) in its fourth quarter 2023 investor letter:
"Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) owns the Atlanta Braves professional baseball team as well as the real estate development surrounding the team’s Truist Park stadium. Sports franchises are trophy assets whose growing asset values have produced fantastic long-term returns. As a premier team with one of the largest fan bases, we believe the private market value of The Braves and the associated real estate development far exceed the current market price of the stock."
A professional baseball player at bat with the stadium crowd and the setting sun in the background.
Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) is not on our list of 30 Most Popular Stocks Among Hedge Funds. At the end of the fourth quarter, Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) was held by 11 hedge fund portfolios, compared to 11 in the previous quarter, according to our database.
We discussed Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) in another article and shared the list of recent spin-off companies that hedge funds are piling into. In addition, please check out our hedge fund investor letters Q4 2023 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
