MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 1,063 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 3.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 28,537 shares of the financial services provider’s stock after purchasing an additional 1,063 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.06% of Atlanta Braves worth $1,092,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in BATRK. Ionic Capital Management LLC purchased a new position in Atlanta Braves during the 4th quarter valued at about $332,000. D. E. Shaw & Co. Inc. lifted its holdings in shares of Atlanta Braves by 175.3% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 44,854 shares of the financial services provider’s stock valued at $1,716,000 after purchasing an additional 28,561 shares during the last quarter. Caption Management LLC bought a new stake in shares of Atlanta Braves in the 4th quarter worth approximately $191,000. Bank of America Corp DE boosted its position in shares of Atlanta Braves by 34.6% in the 4th quarter. Bank of America Corp DE now owns 75,907 shares of the financial services provider’s stock worth $2,904,000 after purchasing an additional 19,529 shares in the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Atlanta Braves in the 4th quarter worth approximately $721,000. 64.88% of the stock is currently owned by institutional investors.

Atlanta Braves Price Performance

Shares of Atlanta Braves stock opened at $40.38 on Monday. Atlanta Braves Holdings, Inc. has a 1 year low of $35.46 and a 1 year high of $44.43. The firm’s 50-day moving average is $39.47 and its 200 day moving average is $39.27. The stock has a market cap of $2.07 billion, a price-to-earnings ratio of -55.32 and a beta of 0.56.

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

Insider Buying and Selling

In other news, major shareholder John C. Malone purchased 38,452 shares of the stock in a transaction dated Tuesday, April 8th. The shares were purchased at an average cost of $40.28 per share, with a total value of $1,548,846.56. Following the acquisition, the insider now directly owns 254,428 shares of the company’s stock, valued at $10,248,359.84. This represents a 17.80% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Deretta C. Rhodes sold 767 shares of the firm’s stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $40.97, for a total value of $31,423.99. Following the completion of the transaction, the executive vice president now owns 3,112 shares in the company, valued at approximately $127,498.64. This trade represents a 19.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders bought a total of 122,632 shares of company stock worth $5,072,723 in the last three months. Insiders own 11.43% of the company’s stock.

Wall Street Analyst Weigh In

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

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.