Aristeia Capital L.L.C. Has $92.37 Million Position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Aristeia Capital L.L.C. increased its stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) by 34.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 2,414,362 shares of the financial services provider's stock after acquiring an additional 618,887 shares during the period. Atlanta Braves accounts for about 3.1% of Aristeia Capital L.L.C.'s holdings, making the stock its 7th largest position. Aristeia Capital L.L.C. owned about 4.75% of Atlanta Braves worth $92,373,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the company. Barclays PLC raised its stake in shares of Atlanta Braves by 160.3% in the third quarter. Barclays PLC now owns 82,330 shares of the financial services provider's stock valued at $3,276,000 after purchasing an additional 50,702 shares in the last quarter. JPMorgan Chase & Co. grew its holdings in shares of Atlanta Braves by 123.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 167,273 shares of the financial services provider's stock worth $6,657,000 after purchasing an additional 92,248 shares during the last quarter. Miracle Mile Advisors LLC acquired a new position in Atlanta Braves in the fourth quarter valued at about $6,736,000. Magnetar Financial LLC increased its holdings in shares of Atlanta Braves by 161.9% during the fourth quarter. Magnetar Financial LLC now owns 13,328 shares of the financial services provider's stock worth $510,000 after buying an additional 8,239 shares in the last quarter. Finally, Rhumbline Advisers boosted its stake in Atlanta Braves by 16.8% in the fourth quarter. Rhumbline Advisers now owns 80,240 shares of the financial services provider's stock worth $3,070,000 after purchasing an additional 11,554 shares in the last quarter. 64.88% of the stock is owned by institutional investors.

Atlanta Braves Trading Up 1.0 %

Atlanta Braves stock traded up $0.40 during mid-day trading on Wednesday, hitting $40.41. The stock had a trading volume of 312,890 shares, compared to its average volume of 277,757. The stock has a 50-day simple moving average of $39.09 and a two-hundred day simple moving average of $39.22. Atlanta Braves Holdings, Inc. has a 12 month low of $35.46 and a 12 month high of $44.43. The stock has a market capitalization of $2.07 billion, a PE ratio of -55.36 and a beta of 0.56.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The financial services provider reported ($0.31) EPS for the quarter, beating analysts' consensus estimates of ($0.69) by $0.38. The company had revenue of $52.12 million during the quarter, compared to the consensus estimate of $48.20 million. Sell-side analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, major shareholder John C. Malone acquired 8,371 shares of Atlanta Braves stock in a transaction dated Monday, April 21st. The stock was bought at an average cost of $41.94 per share, with a total value of $351,079.74. Following the completion of the transaction, the insider now directly owns 371,707 shares of the company's stock, valued at approximately $15,589,391.58. This represents a 2.30 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have bought 122,632 shares of company stock worth $5,072,723. Company insiders own 11.43% of the company's stock.

About Atlanta Braves

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.