Raymond James Financial Inc. Acquires New Shares in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Raymond James Financial Inc. acquired a new position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 86,878 shares of the financial services provider's stock, valued at approximately $3,324,000. Raymond James Financial Inc. owned 0.17% of Atlanta Braves as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in BATRK. Barclays PLC boosted its stake in Atlanta Braves by 160.3% in the 3rd quarter. Barclays PLC now owns 82,330 shares of the financial services provider's stock valued at $3,276,000 after buying an additional 50,702 shares in the last quarter. Harvey Partners LLC lifted its holdings in shares of Atlanta Braves by 14.6% during 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 period. JPMorgan Chase & Co. boosted its stake 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 valued at $6,657,000 after purchasing an additional 92,248 shares in the last quarter. HBK Investments L P increased its position in shares of 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 in the last quarter. Finally, Miracle Mile Advisors LLC acquired a new stake in shares of Atlanta Braves during the 4th quarter worth about $6,736,000. 64.88% of the stock is currently owned by institutional investors and hedge funds.

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Atlanta Braves Stock Down 0.1 %

BATRK stock traded down $0.04 during midday trading on Monday, reaching $40.01. 289,563 shares of the company's stock traded hands, compared to its average volume of 261,104. The company has a 50-day simple moving average of $39.46 and a two-hundred day simple moving average of $39.52. Atlanta Braves Holdings, Inc. has a 1-year low of $35.81 and a 1-year high of $44.43. The company has a market cap of $2.05 billion, a price-to-earnings ratio of -54.81 and a beta of 0.65.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last announced its earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share for the quarter, beating analysts' consensus estimates of ($0.69) by $0.38. The business had revenue of $52.12 million during the quarter, compared to analyst estimates of $48.20 million. Equities research analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.

Insiders Place Their Bets

In other news, major shareholder John C. Malone purchased 15,192 shares of the firm's stock in a transaction that occurred on Wednesday, January 22nd. The shares were acquired at an average price of $40.62 per share, for a total transaction of $617,099.04. Following the completion of the acquisition, the insider now directly owns 146,020 shares in the company, valued at approximately $5,931,332.40. The trade was a 11.61 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders purchased 47,692 shares of company stock valued at $1,980,287. Insiders own 11.43% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Atlanta Braves to a "sell" rating in a research note 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.