Rhumbline Advisers Boosts Stock Holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Rhumbline Advisers raised its holdings in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) by 16.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,240 shares of the financial services provider's stock after acquiring an additional 11,554 shares during the quarter. Rhumbline Advisers owned approximately 0.16% of Atlanta Braves worth $3,070,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Harvey Partners LLC lifted its stake in shares of Atlanta Braves by 14.6% in the 3rd quarter. Harvey Partners LLC now owns 507,000 shares of the financial services provider's stock valued at $20,179,000 after purchasing an additional 64,500 shares in the last quarter. HBK Investments L P raised its position in shares of Atlanta Braves by 57.0% in the 3rd quarter. HBK Investments L P now owns 480,000 shares of the financial services provider's stock valued at $19,104,000 after purchasing an additional 174,300 shares in the last quarter. Harbor Capital Advisors Inc. raised its position in shares of Atlanta Braves by 1.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 319,298 shares of the financial services provider's stock valued at $12,216,000 after purchasing an additional 3,874 shares in the last quarter. Miracle Mile Advisors LLC bought a new stake in shares of Atlanta Braves in the 4th quarter valued at approximately $6,736,000. Finally, JPMorgan Chase & Co. increased its holdings 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 acquiring an additional 92,248 shares during the last quarter. 64.88% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Buying and Selling

In other Atlanta Braves news, major shareholder John C. Malone bought 5,094 shares of Atlanta Braves stock in a transaction on Monday, January 27th. The shares were purchased at an average cost of $41.94 per share, for a total transaction of $213,642.36. Following the completion of the acquisition, the insider now owns 169,522 shares in the company, valued at approximately $7,109,752.68. The trade was a 3.10 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Insiders purchased 44,932 shares of company stock worth $1,864,395 in the last 90 days. 11.43% of the stock is owned by company insiders.

Atlanta Braves Stock Performance

NASDAQ:BATRK traded up $0.35 during trading hours on Wednesday, hitting $40.16. 383,114 shares of the company's stock traded hands, compared to its average volume of 298,574. The firm has a market cap of $2.04 billion, a P/E ratio of -55.01 and a beta of 0.73. Atlanta Braves Holdings, Inc. has a twelve month low of $35.81 and a twelve month high of $44.42. The stock's fifty day moving average price is $38.67 and its two-hundred day moving average price is $39.88.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The financial services provider reported ($0.31) EPS for the quarter, beating analysts' consensus estimates of ($0.69) by $0.38. The company had revenue of $52.12 million for the quarter, compared to analyst estimates 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 Analysts Forecast Growth

Separately, StockNews.com upgraded 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.