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

Thompson Siegel & Walmsley LLC boosted its stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) by 85.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 263,318 shares of the financial services provider's stock after buying an additional 121,360 shares during the quarter. Thompson Siegel & Walmsley LLC owned approximately 0.52% of Atlanta Braves worth $10,075,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Miracle Mile Advisors LLC bought a new position in shares of Atlanta Braves in the fourth quarter valued at approximately $6,736,000. HBK Investments L P raised its stake in Atlanta Braves by 57.0% in the third 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. JPMorgan Chase & Co. raised its stake in Atlanta Braves by 123.0% in the third 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. Raymond James Financial Inc. purchased a new stake in Atlanta Braves in the fourth quarter valued at approximately $3,324,000. Finally, Harvey Partners LLC raised its stake 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 worth $20,179,000 after acquiring an additional 64,500 shares in the last quarter. Institutional investors own 64.88% of the company's stock.

Atlanta Braves Stock Performance

Shares of NASDAQ BATRK traded up $0.27 during mid-day trading on Monday, hitting $38.75. The stock had a trading volume of 29,920 shares, compared to its average volume of 295,118. Atlanta Braves Holdings, Inc. has a 1 year low of $35.81 and a 1 year high of $44.42. The business has a 50 day moving average price of $38.84 and a two-hundred day moving average price of $39.65. The firm has a market cap of $1.99 billion, a P/E ratio of -53.07 and a beta of 0.65.

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

Analysts Set New Price Targets

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

Insider Activity

In other Atlanta Braves news, major shareholder John C. Malone bought 15,192 shares of the company's stock in a transaction dated Wednesday, January 22nd. The shares were purchased at an average price of $40.62 per share, for a total transaction of $617,099.04. Following the acquisition, the insider now owns 146,020 shares in the company, valued at approximately $5,931,332.40. This represents a 11.61 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In the last 90 days, insiders have acquired 47,692 shares of company stock worth $1,980,287. Corporate insiders own 11.43% of the company's stock.

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.