Aire Advisors LLC Invests $257,000 in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Aire Advisors LLC purchased a new position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,719 shares of the financial services provider's stock, valued at approximately $257,000.

Several other large investors have also recently made changes to their positions in the company. R Squared Ltd purchased a new position in Atlanta Braves during the fourth quarter worth approximately $41,000. PNC Financial Services Group Inc. grew its holdings in shares of Atlanta Braves by 25.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,265 shares of the financial services provider's stock valued at $87,000 after purchasing an additional 463 shares during the period. US Bancorp DE increased its position in 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 purchasing an additional 430 shares during the last quarter. OFI Invest Asset Management purchased a new position in Atlanta Braves during the fourth quarter worth about $157,000. Finally, Quest Partners LLC boosted its holdings in Atlanta Braves by 28,820.0% in the 3rd quarter. Quest Partners LLC now owns 4,338 shares of the financial services provider's stock valued at $173,000 after purchasing an additional 4,323 shares during the last quarter. 64.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded Atlanta Braves to a "sell" rating in a research report on Friday, February 28th.

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Insiders Place Their Bets

In other news, major shareholder John C. Malone acquired 2,760 shares of Atlanta Braves stock in a transaction dated Wednesday, March 12th. The shares were 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 acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have acquired a total of 47,692 shares of company stock worth $1,980,287 in the last ninety days. 11.43% of the stock is owned by corporate insiders.

Atlanta Braves Trading Down 1.6 %

BATRK traded down $0.66 on Friday, hitting $40.05. The company had a trading volume of 314,102 shares, compared to its average volume of 260,990. The company's fifty day moving average price is $39.42 and its 200 day moving average price is $39.52. Atlanta Braves Holdings, Inc. has a 1 year low of $35.81 and a 1 year high of $44.43. The firm has a market cap of $2.05 billion, a P/E ratio of -54.86 and a beta of 0.65.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share for the quarter, beating analysts' consensus estimates of ($0.69) by $0.38. The firm had revenue of $52.12 million during the quarter, compared to analyst estimates of $48.20 million. On average, analysts predict that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current 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.