FIL Ltd Has $16 Million Position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

FIL Ltd lifted its holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) by 5.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 418,090 shares of the financial services provider's stock after acquiring an additional 20,000 shares during the quarter. FIL Ltd owned approximately 0.82% of Atlanta Braves worth $15,996,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. Federated Hermes Inc. bought a new stake in shares of Atlanta Braves during the fourth quarter worth $40,000. R Squared Ltd acquired a new position in Atlanta Braves during the 4th quarter worth about $41,000. PNC Financial Services Group Inc. increased its position in Atlanta Braves by 25.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,265 shares of the financial services provider's stock valued at $87,000 after acquiring an additional 463 shares in the last quarter. US Bancorp DE raised its stake in shares of Atlanta Braves by 17.7% in the fourth quarter. US Bancorp DE now owns 2,862 shares of the financial services provider's stock worth $110,000 after acquiring an additional 430 shares during the last quarter. Finally, OFI Invest Asset Management acquired a new position in shares of Atlanta Braves during the fourth quarter worth approximately $157,000. 64.88% of the stock is currently owned by institutional investors.

Atlanta Braves Trading Up 0.7 %

Atlanta Braves stock traded up $0.25 during mid-day trading on Tuesday, hitting $38.09. The stock had a trading volume of 193,756 shares, compared to its average volume of 270,338. The stock has a market capitalization of $1.95 billion, a PE ratio of -52.18 and a beta of 0.56. Atlanta Braves Holdings, Inc. has a 12 month low of $35.46 and a 12 month high of $44.43. The stock has a 50-day simple moving average of $39.27 and a two-hundred day simple moving average of $39.29.

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Atlanta Braves (NASDAQ:BATRK - Get Free Report) last posted its quarterly earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share for the quarter, topping analysts' consensus estimates of ($0.69) by $0.38. The business had revenue of $52.12 million for the quarter, compared to the consensus estimate of $48.20 million. Sell-side analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder John C. Malone acquired 44,258 shares of the firm's stock in a transaction that occurred on Thursday, April 10th. The stock was purchased at an average price of $41.80 per share, for a total transaction of $1,849,984.40. Following the completion of the acquisition, the insider now owns 330,870 shares in the company, valued at $13,830,366. This trade represents a 15.44 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders have purchased a total of 130,402 shares of company stock valued at $5,379,118 in the last 90 days. 11.43% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Atlanta Braves to a "sell" rating in a report on Friday, February 28th.

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.