John & Kathleen Schreiber Foundation Buys Shares of 7,353 Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

John & Kathleen Schreiber Foundation purchased a new position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 7,353 shares of the financial services provider's stock, valued at approximately $281,000. Atlanta Braves comprises approximately 0.2% of John & Kathleen Schreiber Foundation's investment portfolio, making the stock its 7th largest holding.

Several other hedge funds have also recently added to or reduced their stakes in BATRK. Harvey Partners LLC grew its holdings in shares of Atlanta Braves by 14.6% during the 3rd quarter. Harvey Partners LLC now owns 507,000 shares of the financial services provider's stock valued at $20,179,000 after purchasing an additional 64,500 shares during the last quarter. HBK Investments L P boosted its position in Atlanta Braves by 57.0% during the third quarter. HBK Investments L P now owns 480,000 shares of the financial services provider's stock valued at $19,104,000 after buying an additional 174,300 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Atlanta Braves by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 433,466 shares of the financial services provider's stock valued at $16,584,000 after buying an additional 4,072 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Atlanta Braves by 1.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 319,298 shares of the financial services provider's stock worth $12,216,000 after buying an additional 3,874 shares during the period. Finally, Thompson Siegel & Walmsley LLC lifted its stake in shares of Atlanta Braves by 85.5% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 263,318 shares of the financial services provider's stock valued at $10,075,000 after acquiring an additional 121,360 shares during the last quarter. Institutional investors own 64.88% of the company's stock.

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Atlanta Braves Price Performance

Atlanta Braves stock traded down $0.47 during mid-day trading on Friday, reaching $39.38. 288,240 shares of the company traded hands, compared to its average volume of 252,721. Atlanta Braves Holdings, Inc. has a 52-week low of $35.81 and a 52-week high of $44.43. The firm has a market capitalization of $2.02 billion, a price-to-earnings ratio of -53.95 and a beta of 0.65. The firm's 50 day moving average price is $39.04 and its 200 day moving average price is $39.60.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last released 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 firm had revenue of $52.12 million for the quarter, compared to the consensus estimate of $48.20 million. On average, sell-side analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.

Insider Buying and Selling at Atlanta Braves

In other Atlanta Braves news, major shareholder John C. Malone bought 24,646 shares of the firm's stock in a transaction on Wednesday, January 29th. The stock was acquired at an average price of $41.94 per share, with a total value of $1,033,653.24. Following the transaction, the insider now owns 211,358 shares in the company, valued at $8,864,354.52. This represents a 13.20 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders bought 47,692 shares of company stock worth $1,980,287. 11.43% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

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

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.