Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Shares Acquired by Intech Investment Management LLC

Intech Investment Management LLC grew its holdings in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) by 75.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 20,005 shares of the financial services provider's stock after purchasing an additional 8,580 shares during the period. Intech Investment Management LLC's holdings in Atlanta Braves were worth $765,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of BATRK. R Squared Ltd bought a new position in Atlanta Braves during the 4th quarter worth $41,000. PNC Financial Services Group Inc. boosted its holdings 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 valued at $87,000 after acquiring an additional 463 shares during the period. US Bancorp DE grew its position in shares of 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 acquiring an additional 430 shares during the last quarter. OFI Invest Asset Management acquired a new stake in shares of Atlanta Braves in the 4th quarter worth about $157,000. Finally, Quest Partners LLC lifted its position 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 institutional investors.

Analysts Set New Price Targets

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

Remove Ads

Insider Buying and Selling

In other Atlanta Braves news, major shareholder John C. Malone purchased 15,192 shares of the business's stock in a transaction on Wednesday, January 22nd. The stock was bought at an average cost of $40.62 per share, with a total value of $617,099.04. Following the acquisition, the insider now owns 146,020 shares of the company's stock, valued at $5,931,332.40. The trade was a 11.61 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders have bought a total of 47,692 shares of company stock valued at $1,980,287 over the last quarter. Corporate insiders own 11.43% of the company's stock.

Atlanta Braves Stock Performance

Shares of NASDAQ:BATRK traded up $0.59 on Thursday, hitting $40.71. The company's stock had a trading volume of 315,381 shares, compared to its average volume of 254,822. Atlanta Braves Holdings, Inc. has a 12 month low of $35.81 and a 12 month high of $44.43. The stock's 50-day moving average is $39.30 and its two-hundred day moving average is $39.53. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of -55.77 and a beta of 0.65.

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

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.