Envestnet Asset Management Inc. Purchases 962 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Envestnet Asset Management Inc. boosted its position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 3.0% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 33,202 shares of the financial services provider’s stock after buying an additional 962 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.07% of Atlanta Braves worth $1,270,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in BATRK. Miracle Mile Advisors LLC purchased a new stake in Atlanta Braves in the fourth quarter worth about $6,736,000. Thompson Siegel & Walmsley LLC boosted its position in Atlanta Braves by 85.5% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 263,318 shares of the financial services provider’s stock worth $10,075,000 after purchasing an additional 121,360 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of Atlanta Braves by 123.0% during 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 during the period. Raymond James Financial Inc. purchased a new stake in shares of Atlanta Braves during the 4th quarter valued at about $3,324,000. Finally, Barclays PLC lifted 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 worth $3,276,000 after purchasing an additional 50,702 shares during the period. Hedge funds and other institutional investors own 64.88% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Atlanta Braves Stock Up 1.1 %

Shares of BATRK stock opened at $39.96 on Wednesday. The stock has a market cap of $2.05 billion, a P/E ratio of -54.74 and a beta of 0.56. The company’s fifty day simple moving average is $39.03 and its two-hundred day simple moving average is $39.24. Atlanta Braves Holdings, Inc. has a 52 week low of $35.46 and a 52 week high of $44.43.

Atlanta Braves (NASDAQ:BATRK) last released its quarterly earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) EPS for the quarter, topping the consensus estimate 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. On average, analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.

Insider Buying and Selling at Atlanta Braves

In other news, major shareholder John C. Malone bought 38,452 shares of the stock in a transaction on Tuesday, April 8th. The stock was bought at an average cost of $40.28 per share, for a total transaction of $1,548,846.56. Following the completion of the purchase, the insider now directly owns 254,428 shares in the company, valued at approximately $10,248,359.84. The trade was a 17.80 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders acquired 122,632 shares of company stock worth $5,072,723 over the last 90 days. Company insiders own 11.43% of the company’s stock.

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.