US Bancorp DE Purchases 430 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

US Bancorp DE increased its position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 17.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,862 shares of the financial services provider’s stock after purchasing an additional 430 shares during the quarter. US Bancorp DE’s holdings in Atlanta Braves were worth $110,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. R Squared Ltd bought a new position in shares of Atlanta Braves during the fourth quarter valued at $41,000. Quest Partners LLC lifted its holdings in shares of Atlanta Braves by 28,820.0% during the third quarter. Quest Partners LLC now owns 4,338 shares of the financial services provider’s stock valued at $173,000 after acquiring an additional 4,323 shares during the period. ABC Arbitrage SA bought a new position in shares of Atlanta Braves during the fourth quarter valued at $204,000. Quantinno Capital Management LP bought a new position in shares of Atlanta Braves during the third quarter valued at $205,000. Finally, FORA Capital LLC bought a new position in shares of Atlanta Braves during the third quarter valued at $211,000. 64.88% of the stock is owned by institutional investors.

Atlanta Braves Stock Performance

Shares of NASDAQ:BATRK opened at $38.48 on Monday. Atlanta Braves Holdings, Inc. has a twelve month low of $35.81 and a twelve month high of $44.42. The firm has a market cap of $1.97 billion, a PE ratio of -52.71 and a beta of 0.65. The business has a fifty day moving average of $38.84 and a 200-day moving average of $39.65.

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, beating analysts’ consensus estimates of ($0.69) by $0.38. The business had revenue of $52.12 million during the quarter, compared to analyst estimates of $48.20 million. On average, analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insider Activity

In other news, major shareholder John C. Malone acquired 15,192 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was purchased at an average cost of $40.62 per share, for a total transaction of $617,099.04. Following the completion of the transaction, the insider now directly owns 146,020 shares in the company, valued at $5,931,332.40. This trade represents a 11.61 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Over the last ninety days, insiders acquired 47,692 shares of company stock worth $1,980,287. 11.43% of the stock is owned by corporate 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.