22,073 Shares in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC bought a new position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 22,073 shares of the financial services provider's stock, valued at approximately $901,000.

Several other hedge funds and other institutional investors have also modified their holdings of BATRA. Barclays PLC boosted its holdings in shares of Atlanta Braves by 376.1% during the 3rd quarter. Barclays PLC now owns 16,172 shares of the financial services provider's stock worth $681,000 after buying an additional 12,775 shares during the period. Cutter & CO Brokerage Inc. bought a new stake in Atlanta Braves in the 4th quarter valued at about $390,000. JPMorgan Chase & Co. boosted its holdings in Atlanta Braves by 20.7% in the 3rd quarter. JPMorgan Chase & Co. now owns 29,573 shares of the financial services provider's stock valued at $1,247,000 after purchasing an additional 5,066 shares during the period. Geode Capital Management LLC boosted its holdings in shares of Atlanta Braves by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 280,331 shares of the financial services provider's stock valued at $11,817,000 after purchasing an additional 3,798 shares in the last quarter. Finally, State Street Corp boosted its holdings in shares of Atlanta Braves by 1.3% in the 3rd quarter. State Street Corp now owns 266,968 shares of the financial services provider's stock valued at $11,253,000 after purchasing an additional 3,432 shares in the last quarter. Institutional investors own 12.31% of the company's stock.

Insider Activity

In other Atlanta Braves news, major shareholder John C. Malone bought 15,192 shares of the stock in a transaction on Wednesday, January 22nd. The shares were acquired at an average price of $40.62 per share, with a total value of $617,099.04. Following the acquisition, the insider now directly owns 146,020 shares of the company's stock, valued at $5,931,332.40. The trade was a 11.61 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders bought a total of 44,932 shares of company stock worth $1,864,395 in the last three months. Company insiders own 4.83% of the company's stock.

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Atlanta Braves Trading Down 2.0 %

NASDAQ:BATRA traded down $0.86 during trading hours on Monday, hitting $42.72. 11,889 shares of the company were exchanged, compared to its average volume of 49,349. The stock has a market capitalization of $2.64 billion, a price-to-earnings ratio of -58.53 and a beta of 0.73. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.12. Atlanta Braves Holdings, Inc. has a one year low of $38.90 and a one year high of $46.65. The company has a fifty day simple moving average of $42.18 and a 200 day simple moving average of $42.53.

Atlanta Braves (NASDAQ:BATRA - Get Free Report) last announced its earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.78) by $0.47. Atlanta Braves had a negative return on equity of 8.48% and a negative net margin of 6.56%. The business had revenue of $52.12 million during the quarter, compared to analyst estimates of $48.20 million. Sell-side analysts expect that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Benchmark reiterated a "buy" rating and issued a $60.00 price target on shares of Atlanta Braves in a research note on Thursday, February 27th.

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.