Y Intercept Hong Kong Ltd Buys New Position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Y Intercept Hong Kong Ltd purchased a new stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 5,516 shares of the financial services provider’s stock, valued at approximately $211,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. R Squared Ltd purchased a new position in shares of Atlanta Braves during the 4th quarter worth approximately $41,000. Quest Partners LLC boosted its position in shares of Atlanta Braves by 28,820.0% during 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 in the last quarter. ABC Arbitrage SA purchased a new stake in Atlanta Braves in the fourth quarter worth $204,000. Quantinno Capital Management LP bought a new position in Atlanta Braves in the third quarter worth $205,000. Finally, FORA Capital LLC purchased a new position in Atlanta Braves during the third quarter valued at $211,000. 64.88% of the stock is owned by hedge funds and other institutional investors.

Atlanta Braves Stock Performance

Shares of NASDAQ BATRK opened at $40.16 on Thursday. The company has a 50 day simple moving average of $38.67 and a two-hundred day simple moving average of $39.88. Atlanta Braves Holdings, Inc. has a fifty-two week low of $35.81 and a fifty-two week high of $44.42. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of -55.01 and a beta of 0.65.

Atlanta Braves (NASDAQ:BATRK) last posted its quarterly earnings data on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share 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 the consensus estimate of $48.20 million. On average, analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current fiscal year.

Insider Activity

In other news, major shareholder John C. Malone purchased 15,192 shares of Atlanta Braves stock in a transaction that occurred on Wednesday, January 22nd. The stock was bought at an average price of $40.62 per share, with a total value of $617,099.04. Following the completion of the transaction, the insider now directly owns 146,020 shares of the company’s stock, valued at approximately $5,931,332.40. The trade was a 11.61 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders purchased 44,932 shares of company stock worth $1,864,395 over the last three months. 11.43% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Atlanta Braves to a “sell” rating in a report 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.