Aire Advisors LLC Buys New Shares in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Aire Advisors LLC purchased a new stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) during the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 6,719 shares of the financial services provider’s stock, valued at approximately $257,000.

A number of other hedge funds have also modified their holdings of the company. R Squared Ltd purchased a new position in Atlanta Braves in the fourth quarter valued at $41,000. PNC Financial Services Group Inc. increased its stake in shares of Atlanta Braves by 25.7% in 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 purchasing an additional 463 shares in the last quarter. US Bancorp DE boosted its position in Atlanta Braves by 17.7% during the fourth quarter. US Bancorp DE now owns 2,862 shares of the financial services provider’s stock worth $110,000 after purchasing an additional 430 shares in the last quarter. OFI Invest Asset Management purchased a new stake in shares of Atlanta Braves in the fourth quarter valued at approximately $157,000. Finally, Quest Partners LLC grew its stake in Atlanta Braves by 28,820.0% in 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. 64.88% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of Atlanta Braves to a “sell” rating in a research report on Friday, February 28th.

Insider Activity

In related news, major shareholder John C. Malone purchased 5,094 shares of the company’s stock in a transaction on Monday, January 27th. The stock was acquired at an average cost of $41.94 per share, for a total transaction of $213,642.36. Following the completion of the transaction, the insider now directly owns 169,522 shares in the company, valued at approximately $7,109,752.68. The trade was a 3.10 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Insiders bought a total of 47,692 shares of company stock valued at $1,980,287 in the last 90 days. Company insiders own 11.43% of the company’s stock.

Atlanta Braves Stock Up 0.5 %

Shares of NASDAQ BATRK opened at $39.58 on Tuesday. The firm has a 50-day simple moving average of $39.17 and a 200-day simple moving average of $39.53. Atlanta Braves Holdings, Inc. has a 52 week low of $35.81 and a 52 week high of $44.43. The stock has a market capitalization of $2.03 billion, a price-to-earnings ratio of -54.22 and a beta of 0.65.

Atlanta Braves (NASDAQ:BATRK) last posted its quarterly earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) EPS 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 analyst estimates of $48.20 million. As a group, equities research analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.

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.