BNP Paribas Financial Markets Invests $721,000 in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

BNP Paribas Financial Markets bought a new stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 18,844 shares of the financial services provider’s stock, valued at approximately $721,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Ameriprise Financial Inc. raised its holdings in Atlanta Braves by 2.0% during the fourth quarter. Ameriprise Financial Inc. now owns 178,739 shares of the financial services provider’s stock worth $6,838,000 after buying an additional 3,438 shares during the last quarter. Ancora Advisors LLC grew its holdings in shares of Atlanta Braves by 1.1% during the fourth quarter. Ancora Advisors LLC now owns 133,650 shares of the financial services provider’s stock valued at $5,113,000 after buying an additional 1,390 shares during the last quarter. Aristeia Capital L.L.C. increased its position in shares of Atlanta Braves by 34.5% during the fourth quarter. Aristeia Capital L.L.C. now owns 2,414,362 shares of the financial services provider’s stock worth $92,373,000 after acquiring an additional 618,887 shares in the last quarter. Castalian Partners LLC acquired a new stake in shares of Atlanta Braves in the 4th quarter worth about $4,410,000. Finally, Boyar Asset Management Inc. raised its holdings in shares of Atlanta Braves by 7.5% in the 4th quarter. Boyar Asset Management Inc. now owns 55,270 shares of the financial services provider’s stock worth $2,115,000 after acquiring an additional 3,860 shares during the last quarter. 64.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Atlanta Braves Trading Up 0.0%

Shares of Atlanta Braves stock opened at $40.78 on Friday. The company has a market capitalization of $2.09 billion, a P/E ratio of -55.86 and a beta of 0.56. The stock has a fifty day simple moving average of $39.45 and a 200 day simple moving average of $39.30. Atlanta Braves Holdings, Inc. has a 12-month low of $35.46 and a 12-month high of $44.43.

Atlanta Braves (NASDAQ:BATRK) last posted its quarterly earnings data on Monday, May 12th. The financial services provider reported ($0.66) earnings per share (EPS) 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. On average, analysts predict that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.

Insider Buying and Selling

In other Atlanta Braves news, EVP Deretta C. Rhodes sold 5,000 shares of the company’s stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $41.20, for a total value of $206,000.00. Following the completion of the transaction, the executive vice president now owns 3,112 shares in the company, valued at $128,214.40. This represents a 61.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder John C. Malone bought 38,452 shares of the firm’s stock in a transaction dated Tuesday, April 8th. The shares were acquired at an average cost of $40.28 per share, with a total value of $1,548,846.56. Following the completion of the transaction, the insider now 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 disclosure for this purchase can be found here. Over the last ninety days, insiders have bought 122,632 shares of company stock worth $5,072,723. 11.43% of the stock is owned by insiders.

About Atlanta Braves

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.