LPL Financial LLC Buys 302 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

LPL Financial LLC raised its stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 4.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,580 shares of the financial services provider’s stock after buying an additional 302 shares during the period. LPL Financial LLC’s holdings in Atlanta Braves were worth $290,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Miracle Mile Advisors LLC purchased a new stake in shares of Atlanta Braves in the 4th quarter valued at $6,736,000. Thompson Siegel & Walmsley LLC boosted its stake in shares of Atlanta Braves by 85.5% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 263,318 shares of the financial services provider’s stock valued at $10,075,000 after purchasing an additional 121,360 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Atlanta Braves by 123.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 167,273 shares of the financial services provider’s stock valued at $6,657,000 after purchasing an additional 92,248 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Atlanta Braves in the 4th quarter valued at $3,324,000. Finally, Barclays PLC boosted its stake in shares of Atlanta Braves by 160.3% in the 3rd quarter. Barclays PLC now owns 82,330 shares of the financial services provider’s stock valued at $3,276,000 after purchasing an additional 50,702 shares in the last quarter. Institutional investors own 64.88% of the company’s stock.

Atlanta Braves Stock Up 0.7 %

Shares of BATRK opened at $39.53 on Tuesday. The stock has a market capitalization of $2.03 billion, a P/E ratio of -54.15 and a beta of 0.56. The firm has a fifty day simple moving average of $39.03 and a two-hundred day simple moving average of $39.23. Atlanta Braves Holdings, Inc. has a twelve month low of $35.46 and a twelve month high of $44.43.

Atlanta Braves (NASDAQ:BATRK) last announced its quarterly earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share for the quarter, beating the consensus estimate of ($0.69) by $0.38. The firm had revenue of $52.12 million for the quarter, compared to analysts’ expectations of $48.20 million. Sell-side analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.

Insider Buying and Selling at Atlanta Braves

In related news, major shareholder John C. Malone acquired 2,760 shares of the firm’s stock in a transaction on Wednesday, March 12th. The stock was acquired at an average cost of $41.99 per share, for a total transaction of $115,892.40. Following the acquisition, the insider now owns 214,118 shares of the company’s stock, valued at $8,990,814.82. This trade represents a 1.31 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders bought 147,278 shares of company stock valued at $6,106,376 in the last quarter. Company insiders own 11.43% of the company’s stock.

Analyst Upgrades and Downgrades

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

Atlanta Braves Company 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.