Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Shares Acquired by Ameriprise Financial Inc.

Ameriprise Financial Inc. lifted its holdings in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 2.0% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 178,739 shares of the financial services provider’s stock after purchasing an additional 3,438 shares during the quarter. Ameriprise Financial Inc. owned about 0.35% of Atlanta Braves worth $6,838,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Federated Hermes Inc. acquired a new stake in shares of Atlanta Braves during the fourth quarter worth about $40,000. R Squared Ltd purchased a new stake in shares of Atlanta Braves during the fourth quarter worth approximately $41,000. PNC Financial Services Group Inc. increased its stake 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 worth $87,000 after buying an additional 463 shares during the period. US Bancorp DE increased its stake 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 worth $110,000 after buying an additional 430 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in shares of Atlanta Braves by 687.0% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,463 shares of the financial services provider’s stock worth $132,000 after buying an additional 3,023 shares during the period. Institutional investors and hedge funds own 64.88% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded shares of Atlanta Braves from a “sell” rating to a “hold” rating in a research note on Thursday.

Insider Buying and Selling at Atlanta Braves

In related news, major shareholder John C. Malone purchased 2,760 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were bought at an average cost of $41.99 per share, for a total transaction of $115,892.40. Following the completion of the purchase, the insider now directly owns 214,118 shares of the company’s stock, valued at approximately $8,990,814.82. This trade represents a 1.31% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Deretta C. Rhodes sold 767 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $40.97, for a total transaction of $31,423.99. Following the completion of the transaction, the executive vice president now owns 3,112 shares in the company, valued at $127,498.64. This represents a 19.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have purchased 122,632 shares of company stock worth $5,072,723 over the last three months. Insiders own 11.43% of the company’s stock.

Atlanta Braves Stock Performance

BATRK stock opened at $40.78 on Friday. The company’s 50 day moving average price is $39.45 and its 200 day moving average price is $39.30. Atlanta Braves Holdings, Inc. has a fifty-two week low of $35.46 and a fifty-two week high of $44.43. The firm has a market capitalization of $2.09 billion, a price-to-earnings ratio of -55.86 and a beta of 0.56.

Atlanta Braves (NASDAQ:BATRK) last released its earnings results on Monday, May 12th. The financial services provider reported ($0.66) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.94) by $0.28. The firm had revenue of $47.21 million for the quarter, compared to analysts’ expectations of $36.87 million. Equities analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.

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.