Raymond James Financial Inc. Makes New Investment in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Raymond James Financial Inc. acquired a new stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 86,878 shares of the financial services provider’s stock, valued at approximately $3,324,000. Raymond James Financial Inc. owned 0.17% of Atlanta Braves at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. Quest Partners LLC increased its position in shares of Atlanta Braves by 28,820.0% during the 3rd quarter. Quest Partners LLC now owns 4,338 shares of the financial services provider’s stock worth $173,000 after purchasing an additional 4,323 shares in the last quarter. Intech Investment Management LLC bought a new stake in Atlanta Braves during the third quarter worth about $455,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Atlanta Braves during the third quarter worth approximately $348,000. Quantbot Technologies LP raised its stake in shares of Atlanta Braves by 68.8% in the third quarter. Quantbot Technologies LP now owns 20,330 shares of the financial services provider’s stock valued at $809,000 after acquiring an additional 8,288 shares during the last quarter. Finally, FMR LLC boosted its holdings in shares of Atlanta Braves by 2.1% in the 3rd quarter. FMR LLC now owns 21,343 shares of the financial services provider’s stock worth $849,000 after acquiring an additional 444 shares in the last quarter. 64.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Buying and Selling at Atlanta Braves

In other Atlanta Braves news, major shareholder John C. Malone purchased 5,094 shares of the stock in a transaction dated Monday, January 27th. The stock was bought at an average price of $41.94 per share, for a total transaction of $213,642.36. Following the transaction, the insider now directly owns 169,522 shares in the company, valued at $7,109,752.68. This represents a 3.10 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. In the last ninety days, insiders have bought 47,692 shares of company stock worth $1,980,287. Insiders own 11.43% of the company’s stock.

Atlanta Braves Stock Up 1.5 %

Shares of NASDAQ BATRK opened at $40.71 on Friday. Atlanta Braves Holdings, Inc. has a 12-month low of $35.81 and a 12-month high of $44.43. The firm’s 50-day simple moving average is $39.37 and its 200 day simple moving average is $39.54. The company has a market cap of $2.09 billion, a price-to-earnings ratio of -55.77 and a beta of 0.65.

Atlanta Braves (NASDAQ:BATRK) last announced its earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.38. The company had revenue of $52.12 million for the quarter, compared to analyst estimates of $48.20 million. On average, equities analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current 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.