8,848 Shares in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Acquired by Nilsine Partners LLC

Nilsine Partners LLC purchased a new position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 8,848 shares of the financial services provider's stock, valued at approximately $339,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Barclays PLC raised its holdings in shares of Atlanta Braves by 160.3% during the 3rd quarter. Barclays PLC now owns 82,330 shares of the financial services provider's stock worth $3,276,000 after buying an additional 50,702 shares in the last quarter. Harvey Partners LLC grew its position in Atlanta Braves by 14.6% in the third quarter. Harvey Partners LLC now owns 507,000 shares of the financial services provider's stock valued at $20,179,000 after acquiring an additional 64,500 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Atlanta Braves by 123.0% during the third quarter. JPMorgan Chase & Co. now owns 167,273 shares of the financial services provider's stock worth $6,657,000 after acquiring an additional 92,248 shares in the last quarter. HBK Investments L P lifted its holdings in shares of Atlanta Braves by 57.0% in the third quarter. HBK Investments L P now owns 480,000 shares of the financial services provider's stock worth $19,104,000 after acquiring an additional 174,300 shares during the last quarter. Finally, Miracle Mile Advisors LLC acquired a new stake in shares of Atlanta Braves in the 4th quarter valued at approximately $6,736,000. Institutional investors and hedge funds own 64.88% of the company's stock.

Atlanta Braves Price Performance

BATRK stock traded up $0.70 during midday trading on Thursday, reaching $38.70. 485,317 shares of the stock were exchanged, compared to its average volume of 276,354. Atlanta Braves Holdings, Inc. has a 52 week low of $35.81 and a 52 week high of $44.42. The company has a fifty day moving average price of $38.61 and a 200 day moving average price of $40.35. The stock has a market capitalization of $1.97 billion, a PE ratio of -53.01 and a beta of 0.72.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.50 by ($0.34). The company had revenue of $290.67 million for the quarter, compared to the consensus estimate of $301.09 million. During the same quarter last year, the company posted ($0.10) earnings per share. As a group, analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder John C. Malone acquired 15,192 shares of the firm's stock in a transaction on Wednesday, January 22nd. The stock was purchased 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 approximately $5,931,332.40. This trade represents a 11.61 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders have purchased a total of 20,586 shares of company stock valued at $843,191 over the last ninety days. 11.43% of the stock is owned by corporate insiders.

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.