Steward Partners Investment Advisory LLC Grows Position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Steward Partners Investment Advisory LLC grew its holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 3.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,875 shares of the financial services provider’s stock after buying an additional 266 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in Atlanta Braves were worth $301,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. R Squared Ltd purchased a new position in Atlanta Braves during the fourth quarter worth $41,000. US Bancorp DE lifted its stake in shares of Atlanta Braves by 17.7% in the fourth quarter. US Bancorp DE now owns 2,862 shares of the financial services provider’s stock worth $110,000 after acquiring an additional 430 shares in the last quarter. Quest Partners LLC lifted its stake in shares of Atlanta Braves by 28,820.0% in the third quarter. Quest Partners LLC now owns 4,338 shares of the financial services provider’s stock worth $173,000 after acquiring an additional 4,323 shares in the last quarter. Quantinno Capital Management LP bought a new stake in Atlanta Braves in the third quarter valued at about $205,000. Finally, FORA Capital LLC bought a new stake in Atlanta Braves in the third quarter valued at about $211,000. 64.88% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, major shareholder John C. Malone bought 5,094 shares of Atlanta Braves stock in a transaction that occurred on Monday, January 27th. The stock was acquired at an average price of $41.94 per share, for a total transaction of $213,642.36. Following the completion of the purchase, the insider now owns 169,522 shares in the company, valued at approximately $7,109,752.68. This represents a 3.10 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have acquired 44,932 shares of company stock valued at $1,864,395 over the last three months. 11.43% of the stock is currently owned by insiders.

Analyst Ratings Changes

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

Atlanta Braves Stock Performance

Shares of NASDAQ:BATRK opened at $38.54 on Friday. The stock has a fifty day moving average of $38.82 and a 200-day moving average of $39.74. Atlanta Braves Holdings, Inc. has a one year low of $35.81 and a one year high of $44.42. The company has a market capitalization of $1.98 billion, a PE ratio of -52.79 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) earnings per share for the quarter, topping analysts’ consensus estimates 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, research analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.

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.