7,788 Shares in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Bought by XTX Topco Ltd

XTX Topco Ltd acquired a new stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 7,788 shares of the financial services provider's stock, valued at approximately $298,000.

Several other hedge funds have also recently bought and sold shares of BATRK. Steward Partners Investment Advisory LLC raised its stake in shares of Atlanta Braves by 3.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,875 shares of the financial services provider's stock valued at $301,000 after acquiring an additional 266 shares in the last quarter. LPL Financial LLC increased its holdings in Atlanta Braves by 4.1% during the 4th quarter. LPL Financial LLC now owns 7,580 shares of the financial services provider's stock worth $290,000 after purchasing an additional 302 shares during the period. US Bancorp DE boosted its stake in shares of Atlanta Braves by 17.7% in the 4th quarter. US Bancorp DE now owns 2,862 shares of the financial services provider's stock valued at $110,000 after buying an additional 430 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Atlanta Braves by 25.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,265 shares of the financial services provider's stock worth $87,000 after buying an additional 463 shares in the last quarter. Finally, Diversify Advisory Services LLC increased its stake in shares of Atlanta Braves by 3.1% during the fourth quarter. Diversify Advisory Services LLC now owns 15,526 shares of the financial services provider's stock worth $560,000 after buying an additional 474 shares during the period. Institutional investors and hedge funds own 64.88% of the company's stock.

Wall Street Analyst Weigh In

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

Atlanta Braves Stock Performance

NASDAQ BATRK traded down $0.10 during trading on Wednesday, reaching $39.86. 243,179 shares of the company's stock were exchanged, compared to its average volume of 275,885. Atlanta Braves Holdings, Inc. has a 1 year low of $35.46 and a 1 year high of $44.43. The stock has a market cap of $2.04 billion, a P/E ratio of -54.60 and a beta of 0.56. The company has a 50 day moving average price of $39.03 and a two-hundred day moving average price of $39.24.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last announced its quarterly earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share (EPS) 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. Research analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.

Insider Activity

In related news, major shareholder John C. Malone bought 38,452 shares of the stock in a transaction dated Tuesday, April 8th. The stock was acquired at an average price of $40.28 per share, for a total transaction of $1,548,846.56. Following the acquisition, the insider now owns 254,428 shares in the company, valued at approximately $10,248,359.84. This represents a 17.80 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders purchased 122,632 shares of company stock worth $5,072,723. Corporate insiders own 11.43% of the company's stock.

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.