Charles Schwab Investment Management Inc. Acquires 4,072 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Charles Schwab Investment Management Inc. lifted its stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 433,466 shares of the financial services provider’s stock after buying an additional 4,072 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.85% of Atlanta Braves worth $16,584,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. Harvey Partners LLC boosted its holdings in Atlanta Braves by 14.6% in the third quarter. Harvey Partners LLC now owns 507,000 shares of the financial services provider’s stock worth $20,179,000 after acquiring an additional 64,500 shares in the last quarter. HBK Investments L P raised its position in shares of Atlanta Braves by 57.0% during the third quarter. HBK Investments L P now owns 480,000 shares of the financial services provider’s stock worth $19,104,000 after purchasing an additional 174,300 shares during the period. Harbor Capital Advisors Inc. lifted its holdings in shares of Atlanta Braves by 1.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 319,298 shares of the financial services provider’s stock worth $12,216,000 after purchasing an additional 3,874 shares in the last quarter. Miracle Mile Advisors LLC acquired a new stake in Atlanta Braves in the 4th quarter valued at $6,736,000. Finally, JPMorgan Chase & Co. increased its stake in Atlanta Braves by 123.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 167,273 shares of the financial services provider’s stock valued at $6,657,000 after purchasing an additional 92,248 shares in the last quarter. Institutional investors own 64.88% of the company’s stock.

Atlanta Braves Stock Performance

BATRK stock opened at $39.85 on Friday. The stock has a fifty day moving average of $39.04 and a 200-day moving average of $39.60. Atlanta Braves Holdings, Inc. has a fifty-two week low of $35.81 and a fifty-two week high of $44.43. The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of -54.59 and a beta of 0.65.

Atlanta Braves (NASDAQ:BATRK) last announced its quarterly earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) EPS for the quarter, beating analysts’ consensus estimates of ($0.69) by $0.38. The business had revenue of $52.12 million for the quarter, compared to analysts’ expectations of $48.20 million. Equities analysts predict that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.

Insider Transactions at Atlanta Braves

In other Atlanta Braves news, major shareholder John C. Malone purchased 5,094 shares of the stock in a transaction on Monday, January 27th. The shares were purchased at an average price of $41.94 per share, with a total value of $213,642.36. Following the acquisition, 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 position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have bought 47,692 shares of company stock valued at $1,980,287. 11.43% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Separately, StockNews.com raised 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.