Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) were purchased by ProShare Advisors LLC

ProShare Advisors LLC increased its stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK – Free Report) by 8.5% during the first quarter, according to the company in its latest filing with the Securities & Exchange Commission. The company owned 8,186 shares of the financial services provider after purchasing an additional 644 shares during the period. ProShare Advisors LLC’s holdings in Atlanta Braves were worth $320,000 at the end of the most recent filing period.

Several other hedge funds have also recently modified their positions in BATRK. Vanguard Group Inc. increased its holdings of shares of Atlanta Braves by 20.3% during the third quarter. Vanguard Group Inc. now owns 2,343,979 shares of the financial services provider’s stock worth $83,750,000 after purchasing an additional 396,079 shares during the period. Breach Inlet Capital Management LLC acquired a new stake in shares of Atlanta Braves during the fourth quarter worth approximately $15,556,000. Freshford Capital Management LLC increased its stake in shares of Atlanta Braves by 84.9% during the fourth quarter. Freshford Capital Management LLC now owns 762,359 shares of the financial services provider’s stock worth $30,174,000 after purchasing an additional 350,000 shares during the last quarter. Broad Bay Capital Management LP increased its stake in Atlanta Braves by 17.4% in the fourth quarter. Broad Bay Capital Management LP now owns 2,023,789 shares of the financial services provider’s stock, valued at $80,102,000, after acquiring an additional 300,000 shares in the last quarter. Finally, Schwartz Investment Counsel Inc. purchased a new position in Atlanta Braves during the fourth quarter, valued at $4,691,000. Institutional investors and hedge funds own 64.88% of the company’s stock.

Insiders place their bets

In other Atlanta Braves news, major shareholder Associated Capital Group, Inc. purchased 2,000 shares of the company’s stock in a transaction on Monday, June 24th. The shares were purchased at an average price of $39.96 per share, for a total value of $79,920.00. Following the completion of the acquisition, the insider now directly owns 7,550 shares of the company’s stock, valued at approximately $301,698. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, accessible via this hyperlink. Over the last three months, insiders have acquired 3,000 shares of the company’s stock valued at $121,765. Company insiders own 11.43% of the company’s stock.

Atlanta Braves stock performance

BATRK opened at $42.74 on Friday. The company has a market cap of $2.16 billion and a price-to-earnings ratio of -21.37. The company has a 50-day moving average of $40.24 and a 200-day moving average of $39.47. Atlanta Braves Holdings, Inc. has a 1-year low of $33.95 and a 1-year high of $44.03.

The Atlanta Braves (NASDAQ:BATRK – Get Free Report) last announced its quarterly results on Wednesday, May 8th. The financial services provider reported earnings per share of $(0.83) for the quarter, which was $(0.19) below the consensus estimate of $(0.64). The company had revenue of $37.08 million for the quarter, compared to analysts’ expectations of $39.63 million. As a group, sell-side analysts expect Atlanta Braves Holdings, Inc. to post earnings per share of -$0.46 for the current fiscal year.

Atlanta Braves Profile

(Free report)

Atlanta Braves Holdings, Inc. owns and operates the Atlanta Braves Major League Baseball team. It also operates mixed-use development projects, including retail, office, hospitality and entertainment projects. The company was incorporated in 2022 and is headquartered in Englewood, Colorado.

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