KLP Kapitalforvaltning AS Invests $337,000 in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

KLP Kapitalforvaltning AS purchased a new position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 8,800 shares of the financial services provider’s stock, valued at approximately $337,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BATRK. Barclays PLC raised its holdings in Atlanta Braves by 160.3% during the third quarter. Barclays PLC now owns 82,330 shares of the financial services provider’s stock worth $3,276,000 after purchasing an additional 50,702 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Atlanta Braves by 123.0% in the third 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 period. Miracle Mile Advisors LLC purchased a new stake in Atlanta Braves during the 4th quarter worth $6,736,000. FMR LLC grew its stake in shares of Atlanta Braves by 2.1% in the third quarter. FMR LLC now owns 21,343 shares of the financial services provider’s stock valued at $849,000 after buying an additional 444 shares in the last quarter. Finally, Rhumbline Advisers grew its position in Atlanta Braves by 16.8% in the fourth 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. Hedge funds and other institutional investors own 64.88% of the company’s stock.

Analyst Ratings Changes

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

Atlanta Braves Trading Down 5.2 %

Shares of Atlanta Braves stock opened at $37.25 on Friday. The stock has a market cap of $1.91 billion, a PE ratio of -51.03 and a beta of 0.56. Atlanta Braves Holdings, Inc. has a 52 week low of $35.81 and a 52 week high of $44.43. The company’s 50-day moving average price is $39.56 and its two-hundred day moving average price is $39.48.

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

Insider Transactions at Atlanta Braves

In other news, major shareholder John C. Malone acquired 15,192 shares of Atlanta Braves stock in a transaction on Wednesday, January 22nd. The shares were purchased at an average price of $40.62 per share, with a total value of $617,099.04. Following the acquisition, the insider now owns 146,020 shares in the company, valued at $5,931,332.40. This represents a 11.61 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have acquired a total of 47,692 shares of company stock worth $1,980,287 in the last 90 days. 11.43% of the stock is owned by insiders.

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.