Rhumbline Advisers Acquires 11,554 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Rhumbline Advisers lifted its holdings in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 16.8% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 80,240 shares of the financial services provider’s stock after acquiring an additional 11,554 shares during the period. Rhumbline Advisers owned approximately 0.16% of Atlanta Braves worth $3,070,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Barclays PLC grew its holdings in shares of 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. Harvey Partners LLC grew its holdings in Atlanta Braves by 14.6% during the 3rd 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 during the last quarter. JPMorgan Chase & Co. grew its holdings 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 worth $6,657,000 after acquiring an additional 92,248 shares during the last quarter. HBK Investments L P increased its position in Atlanta Braves by 57.0% in 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 acquiring an additional 174,300 shares in the last quarter. Finally, Miracle Mile Advisors LLC bought a new position in shares of Atlanta Braves in the fourth quarter worth about $6,736,000. 64.88% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, major shareholder John C. Malone bought 5,094 shares of the firm’s 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 completion of the purchase, 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 document filed with the SEC, which is available through this link. In the last 90 days, insiders have bought 44,932 shares of company stock worth $1,864,395. Corporate insiders own 11.43% of the company’s stock.

Analyst Upgrades and Downgrades

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

Atlanta Braves Price Performance

BATRK stock opened at $40.37 on Friday. Atlanta Braves Holdings, Inc. has a one year low of $35.81 and a one year high of $44.42. The stock has a market cap of $2.05 billion, a price-to-earnings ratio of -55.30 and a beta of 0.73. The company has a fifty day moving average price of $38.56 and a two-hundred day moving average price of $39.92.

Atlanta Braves (NASDAQ:BATRK) last released its quarterly earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.69) by $0.38. The firm had revenue of $52.12 million during the quarter, compared to the consensus estimate of $48.20 million. Research analysts anticipate 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.