Thompson Siegel & Walmsley LLC Raises Stock Position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Thompson Siegel & Walmsley LLC raised its stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) by 85.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 263,318 shares of the financial services provider's stock after acquiring an additional 121,360 shares during the period. Thompson Siegel & Walmsley LLC owned approximately 0.52% of Atlanta Braves worth $10,075,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in BATRK. R Squared Ltd acquired a new stake in shares of Atlanta Braves during the fourth quarter valued at about $41,000. PNC Financial Services Group Inc. boosted its stake in shares of Atlanta Braves by 25.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,265 shares of the financial services provider's stock valued at $87,000 after purchasing an additional 463 shares during the period. US Bancorp DE boosted its stake in shares of Atlanta Braves by 17.7% in the fourth quarter. US Bancorp DE now owns 2,862 shares of the financial services provider's stock valued at $110,000 after purchasing an additional 430 shares during the period. OFI Invest Asset Management purchased a new position in shares of Atlanta Braves in the fourth quarter valued at approximately $157,000. Finally, Quest Partners LLC boosted its stake 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 valued at $173,000 after purchasing an additional 4,323 shares during the period. 64.88% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Atlanta Braves to a "sell" rating in a research note on Friday, February 28th.

Atlanta Braves Stock Down 0.2 %

Atlanta Braves stock traded down $0.06 during trading on Friday, reaching $38.48. The stock had a trading volume of 183,815 shares, compared to its average volume of 300,635. Atlanta Braves Holdings, Inc. has a 52-week low of $35.81 and a 52-week high of $44.42. The business has a 50 day moving average price of $38.84 and a 200 day moving average price of $39.68. The stock has a market cap of $1.97 billion, a PE ratio of -52.71 and a beta of 0.65.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last issued its quarterly 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 during the quarter, compared to analysts' expectations of $48.20 million. On average, equities analysts predict that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder John C. Malone acquired 15,192 shares of Atlanta Braves stock in a transaction dated Wednesday, January 22nd. The stock was acquired at an average price of $40.62 per share, for a total transaction of $617,099.04. Following the transaction, the insider now owns 146,020 shares of the company's stock, valued at $5,931,332.40. This represents a 11.61 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders bought 47,692 shares of company stock worth $1,980,287 over the last 90 days. 11.43% of the stock is owned by insiders.

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.