Proficio Capital Partners LLC Makes New $821,000 Investment in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Proficio Capital Partners LLC bought a new position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 21,464 shares of the financial services provider's stock, valued at approximately $821,000.

A number of other hedge funds also recently bought and sold shares of the company. Miracle Mile Advisors LLC bought a new position in Atlanta Braves during the fourth quarter valued at approximately $6,736,000. HBK Investments L P increased its holdings in Atlanta Braves by 57.0% during the 3rd quarter. HBK Investments L P now owns 480,000 shares of the financial services provider's stock worth $19,104,000 after purchasing an additional 174,300 shares during the period. JPMorgan Chase & Co. boosted its position in shares of Atlanta Braves by 123.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 167,273 shares of the financial services provider's stock worth $6,657,000 after purchasing an additional 92,248 shares in the last quarter. Harvey Partners LLC lifted its position in Atlanta Braves by 14.6% during the 3rd quarter. Harvey Partners LLC now owns 507,000 shares of the financial services provider's stock worth $20,179,000 after acquiring an additional 64,500 shares during the period. Finally, Barclays PLC lifted its position in 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 acquiring an additional 50,702 shares during the period. Hedge funds and other institutional investors own 64.88% of the company's stock.

Insider Activity

In other Atlanta Braves news, major shareholder John C. Malone acquired 24,646 shares of the firm's stock in a transaction that occurred on Wednesday, January 29th. The stock was purchased at an average cost of $41.94 per share, for a total transaction of $1,033,653.24. Following the completion of the acquisition, the insider now owns 211,358 shares of the company's stock, valued at approximately $8,864,354.52. This trade represents a 13.20 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have purchased a total of 44,932 shares of company stock worth $1,864,395 in the last ninety days. Corporate insiders own 11.43% of the company's stock.

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Atlanta Braves Stock Down 1.9 %

Shares of Atlanta Braves stock traded down $0.76 during trading on Monday, hitting $39.18. 94,638 shares of the company were exchanged, compared to its average volume of 293,535. The stock has a market capitalization of $1.99 billion, a price-to-earnings ratio of -53.58 and a beta of 0.65. The firm has a 50 day moving average price of $38.75 and a 200 day moving average price of $39.81. Atlanta Braves Holdings, Inc. has a fifty-two week low of $35.81 and a fifty-two week high of $44.42.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last announced its quarterly 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 firm had revenue of $52.12 million during the quarter, compared to analyst estimates of $48.20 million. Analysts predict that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

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

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.