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

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

Several other large investors have also modified their holdings of BATRK. R Squared Ltd purchased a new position in shares of Atlanta Braves during the 4th quarter worth $41,000. US Bancorp DE lifted its holdings in shares of Atlanta Braves by 17.7% during the 4th quarter. US Bancorp DE now owns 2,862 shares of the financial services provider's stock worth $110,000 after acquiring an additional 430 shares during the period. Quest Partners LLC boosted its position in shares of Atlanta Braves by 28,820.0% in the third quarter. Quest Partners LLC now owns 4,338 shares of the financial services provider's stock worth $173,000 after acquiring an additional 4,323 shares during the last quarter. Quantinno Capital Management LP acquired a new stake in shares of Atlanta Braves in the third quarter worth approximately $205,000. Finally, FORA Capital LLC purchased a new stake in Atlanta Braves in the third quarter valued at approximately $211,000. 64.88% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, major shareholder John C. Malone bought 24,646 shares of the stock in a transaction dated Wednesday, January 29th. The stock was acquired at an average price of $41.94 per share, for a total transaction of $1,033,653.24. Following the completion of the purchase, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders acquired a total of 47,692 shares of company stock worth $1,980,287 over the last ninety days. 11.43% of the stock is owned by company insiders.

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Atlanta Braves Price Performance

BATRK stock traded up $0.43 during trading on Wednesday, reaching $40.12. 370,063 shares of the stock traded hands, compared to its average volume of 254,354. The firm has a market capitalization of $2.06 billion, a PE ratio of -54.96 and a beta of 0.65. The business's 50 day moving average price is $39.24 and its 200-day moving average price is $39.53. Atlanta Braves Holdings, Inc. has a 52-week low of $35.81 and a 52-week high of $44.43.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last issued its earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.69) by $0.38. The firm had revenue of $52.12 million for the quarter, compared to analysts' expectations of $48.20 million. On average, equities research analysts predict that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Atlanta Braves to a "sell" rating in a report 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.