Proficio Capital Partners LLC Makes New Investment in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Proficio Capital Partners LLC purchased a new position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 21,464 shares of the financial services provider’s stock, valued at approximately $821,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of BATRK. Y Intercept Hong Kong Ltd purchased a new position in Atlanta Braves in the 4th quarter worth about $211,000. Truist Financial Corp grew its stake in Atlanta Braves by 5.2% during the 4th quarter. Truist Financial Corp now owns 10,892 shares of the financial services provider’s stock valued at $417,000 after acquiring an additional 535 shares in the last quarter. State of New Jersey Common Pension Fund D grew its stake in Atlanta Braves by 12.7% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 52,050 shares of the financial services provider’s stock valued at $1,991,000 after acquiring an additional 5,877 shares in the last quarter. Rhumbline Advisers grew its stake in Atlanta Braves by 16.8% during the 4th quarter. Rhumbline Advisers now owns 80,240 shares of the financial services provider’s stock valued at $3,070,000 after acquiring an additional 11,554 shares in the last quarter. Finally, ABC Arbitrage SA purchased a new position in Atlanta Braves during the 4th quarter valued at about $204,000. 64.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Atlanta Braves

In other news, major shareholder John C. Malone purchased 5,094 shares of the business’s stock in a transaction dated Monday, January 27th. The shares were acquired at an average price of $41.94 per share, with a total value of $213,642.36. Following the completion of the purchase, the insider now directly owns 169,522 shares of the company’s stock, valued at $7,109,752.68. The trade was a 3.10 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased 44,932 shares of company stock worth $1,864,395 over the last three months. Company insiders own 11.43% of the company’s stock.

Atlanta Braves Stock Performance

BATRK opened at $39.94 on Friday. Atlanta Braves Holdings, Inc. has a twelve month low of $35.81 and a twelve month high of $44.42. The firm has a market cap of $2.03 billion, a P/E ratio of -54.71 and a beta of 0.65. The business has a 50 day moving average price of $38.75 and a 200 day moving average price of $39.84.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised Atlanta Braves to a “sell” rating in a research note 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.