8,800 Shares in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Bought by KLP Kapitalforvaltning AS

KLP Kapitalforvaltning AS acquired a new position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,800 shares of the financial services provider's stock, valued at approximately $337,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of BATRK. FMR LLC lifted its position in shares of Atlanta Braves by 2.1% during the 3rd quarter. FMR LLC now owns 21,343 shares of the financial services provider's stock valued at $849,000 after acquiring an additional 444 shares during the period. Verition Fund Management LLC acquired a new position in Atlanta Braves during the third quarter worth $815,000. Quantinno Capital Management LP purchased a new stake in Atlanta Braves during the third quarter worth $205,000. Barclays PLC grew its holdings in Atlanta Braves by 160.3% in the third quarter. Barclays PLC now owns 82,330 shares of the financial services provider's stock valued at $3,276,000 after purchasing an additional 50,702 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new position in shares of Atlanta Braves in the third quarter valued at $507,000. Institutional investors and hedge funds own 64.88% of the company's stock.

Insider Activity at Atlanta Braves

In other Atlanta Braves news, major shareholder John C. Malone purchased 38,452 shares of Atlanta Braves stock in a transaction on Tuesday, April 8th. The shares were bought at an average price of $40.28 per share, with a total value of $1,548,846.56. Following the purchase, the insider now directly owns 254,428 shares in the company, valued at $10,248,359.84. This trade represents a 17.80 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders bought 86,144 shares of company stock valued at $3,529,134. 11.43% of the stock is owned by insiders.

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Analysts Set New Price Targets

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

Atlanta Braves Trading Down 0.8 %

Shares of BATRK stock traded down $0.30 during trading hours on Thursday, hitting $37.78. The company's stock had a trading volume of 438,638 shares, compared to its average volume of 269,271. The business has a fifty day moving average of $39.38 and a 200-day moving average of $39.33. Atlanta Braves Holdings, Inc. has a twelve month low of $35.46 and a twelve month high of $44.43. The stock has a market cap of $1.94 billion, a price-to-earnings ratio of -51.75 and a beta of 0.56.

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, topping the consensus estimate of ($0.69) by $0.38. The company had revenue of $52.12 million for the quarter, compared to analysts' expectations of $48.20 million. On average, equities analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal 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.