Vanguard Group Inc. Buys 2,050 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Vanguard Group Inc. raised its position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 0.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,428,345 shares of the financial services provider’s stock after acquiring an additional 2,050 shares during the period. Vanguard Group Inc. owned approximately 4.78% of Atlanta Braves worth $92,908,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. R Squared Ltd acquired a new stake in Atlanta Braves in the 4th quarter worth approximately $41,000. PNC Financial Services Group Inc. grew its holdings in shares of Atlanta Braves by 25.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,265 shares of the financial services provider’s stock valued at $87,000 after buying an additional 463 shares during the last quarter. US Bancorp DE grew its holdings in shares of Atlanta Braves by 17.7% during the fourth quarter. US Bancorp DE now owns 2,862 shares of the financial services provider’s stock valued at $110,000 after buying an additional 430 shares during the last quarter. OFI Invest Asset Management purchased a new position in Atlanta Braves in the 4th quarter worth $157,000. Finally, ABC Arbitrage SA purchased a new position in Atlanta Braves in the 4th quarter worth $204,000. 64.88% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, major shareholder John C. Malone purchased 2,760 shares of the business’s stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average price of $41.99 per share, with a total value of $115,892.40. Following the acquisition, the insider now owns 214,118 shares in the company, valued at $8,990,814.82. The trade was a 1.31 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders bought a total of 47,692 shares of company stock valued at $1,980,287 in the last three months. 11.43% of the stock is currently owned by corporate insiders.

Atlanta Braves Price Performance

NASDAQ:BATRK opened at $38.08 on Thursday. The firm has a market capitalization of $1.95 billion, a P/E ratio of -52.16 and a beta of 0.56. The company’s fifty day moving average price is $39.42 and its 200-day moving average price is $39.34. Atlanta Braves Holdings, Inc. has a 1-year low of $35.46 and a 1-year high of $44.43.

Atlanta Braves (NASDAQ:BATRK) last issued its earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.38. The company had revenue of $52.12 million during the quarter, compared to analysts’ expectations of $48.20 million. Equities analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com upgraded Atlanta Braves to a “sell” rating in a research note on Friday, February 28th.

Atlanta Braves Profile

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.