Proficio Capital Partners LLC Takes $821,000 Position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Proficio Capital Partners LLC bought a new stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 21,464 shares of the financial services provider’s stock, valued at approximately $821,000.

A number of other large investors also recently modified their holdings of the stock. Barclays PLC lifted its position in shares of Atlanta Braves by 160.3% during the 3rd quarter. Barclays PLC now owns 82,330 shares of the financial services provider’s stock valued at $3,276,000 after buying an additional 50,702 shares during the last quarter. Harvey Partners LLC lifted its position in shares of Atlanta Braves by 14.6% during the 3rd quarter. Harvey Partners LLC now owns 507,000 shares of the financial services provider’s stock valued at $20,179,000 after buying an additional 64,500 shares during the last quarter. JPMorgan Chase & Co. lifted its position in shares of 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 buying an additional 92,248 shares during the last quarter. HBK Investments L P lifted its position in shares of Atlanta Braves by 57.0% during the 3rd quarter. HBK Investments L P now owns 480,000 shares of the financial services provider’s stock valued at $19,104,000 after buying an additional 174,300 shares during the last quarter. Finally, Miracle Mile Advisors LLC purchased a new position in shares of Atlanta Braves during the 4th quarter valued at $6,736,000. Institutional investors own 64.88% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Activity

In other Atlanta Braves news, major shareholder John C. Malone acquired 5,094 shares of the company’s stock in a transaction 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 acquisition, the insider now owns 169,522 shares in the company, valued at $7,109,752.68. This represents a 3.10 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. In the last three months, insiders have bought 47,692 shares of company stock worth $1,980,287. 11.43% of the stock is currently owned by insiders.

Atlanta Braves Stock Down 1.2 %

Shares of NASDAQ BATRK opened at $39.38 on Friday. The firm has a market capitalization of $2.02 billion, a P/E ratio of -53.95 and a beta of 0.65. The stock’s 50-day simple moving average is $39.11 and its two-hundred day simple moving average is $39.56. Atlanta Braves Holdings, Inc. has a twelve month low of $35.81 and a twelve month high of $44.43.

Atlanta Braves (NASDAQ:BATRK) last announced its 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 business had revenue of $52.12 million during the quarter, compared to the consensus estimate of $48.20 million. As a group, research analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal 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.