Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Shares Purchased by Magnetar Financial LLC

Magnetar Financial LLC lifted its stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) by 161.9% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 13,328 shares of the financial services provider's stock after buying an additional 8,239 shares during the quarter. Magnetar Financial LLC's holdings in Atlanta Braves were worth $510,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. R Squared Ltd acquired a new stake in Atlanta Braves during the 4th quarter worth $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 acquiring an additional 463 shares during the period. US Bancorp DE raised its holdings 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 in the last quarter. OFI Invest Asset Management purchased a new stake in shares of Atlanta Braves in the fourth quarter valued at approximately $157,000. Finally, Quest Partners LLC grew its stake in shares of Atlanta Braves by 28,820.0% during the 3rd quarter. Quest Partners LLC now owns 4,338 shares of the financial services provider's stock worth $173,000 after purchasing an additional 4,323 shares during the period. 64.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Atlanta Braves

In other news, major shareholder John C. Malone acquired 15,192 shares of the company's stock in a transaction dated Wednesday, January 22nd. The shares were bought at an average price of $40.62 per share, for a total transaction of $617,099.04. Following the completion of the purchase, the insider now directly owns 146,020 shares of the company's stock, valued at approximately $5,931,332.40. This trade represents a 11.61 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders have purchased a total of 47,692 shares of company stock worth $1,980,287 in the last quarter. 11.43% of the stock is owned by insiders.

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Atlanta Braves Trading Up 1.5 %

Shares of NASDAQ:BATRK traded up $0.59 on Thursday, hitting $40.71. The company had a trading volume of 315,381 shares, compared to its average volume of 254,822. The company has a market cap of $2.09 billion, a PE ratio of -55.77 and a beta of 0.65. The business has a 50 day moving average of $39.30 and a 200 day moving average of $39.53. Atlanta Braves Holdings, Inc. has a 52-week low of $35.81 and a 52-week high of $44.43.

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

Wall Street Analysts Forecast Growth

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

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.