6,719 Shares in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Bought by Aire Advisors LLC

Aire Advisors LLC purchased a new stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 6,719 shares of the financial services provider’s stock, valued at approximately $257,000.

A number of other large investors have also added to or reduced their stakes in the company. R Squared Ltd bought a new position in shares of Atlanta Braves during the fourth quarter valued at approximately $41,000. PNC Financial Services Group Inc. boosted its holdings in shares of Atlanta Braves by 25.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,265 shares of the financial services provider’s stock valued at $87,000 after buying an additional 463 shares in the last quarter. US Bancorp DE grew its position in shares of Atlanta Braves by 17.7% in the 4th quarter. US Bancorp DE now owns 2,862 shares of the financial services provider’s stock worth $110,000 after buying an additional 430 shares during the period. OFI Invest Asset Management bought a new position in shares of Atlanta Braves in the 4th quarter worth about $157,000. Finally, Quest Partners LLC lifted its position in Atlanta Braves by 28,820.0% during the 3rd quarter. Quest Partners LLC now owns 4,338 shares of the financial services provider’s stock valued at $173,000 after acquiring an additional 4,323 shares during the period. Institutional investors own 64.88% of the company’s stock.

Atlanta Braves Price Performance

Atlanta Braves stock opened at $39.58 on Tuesday. Atlanta Braves Holdings, Inc. has a 1 year low of $35.81 and a 1 year high of $44.43. The firm’s 50 day moving average price is $39.17 and its 200-day moving average price is $39.53. The stock has a market cap of $2.03 billion, a P/E ratio of -54.22 and a beta of 0.65.

Atlanta Braves (NASDAQ:BATRK) last issued its earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.69) by $0.38. The firm had revenue of $52.12 million during the quarter, compared to the consensus estimate of $48.20 million. As a group, equities analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.

Insider Buying and Selling

In related news, major shareholder John C. Malone bought 2,760 shares of Atlanta Braves stock in a transaction dated Wednesday, March 12th. The shares were acquired at an average cost of $41.99 per share, with a total value of $115,892.40. Following the completion of the transaction, the insider now owns 214,118 shares in the company, valued at $8,990,814.82. The trade was a 1.31 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders bought 47,692 shares of company stock valued at $1,980,287. Company insiders own 11.43% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com upgraded 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.