T. Rowe Price Investment Management Inc. increased its position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) by 256.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 1,690,889 shares of the financial services provider's stock after acquiring an additional 1,215,948 shares during the quarter. T. Rowe Price Investment Management Inc. owned about 3.33% of Atlanta Braves worth $64,694,000 as of its most recent SEC filing.
A number of other hedge funds have also added to or reduced their stakes in BATRK. Gamco Investors INC. ET AL lifted its position in Atlanta Braves by 1.5% in the 4th quarter. Gamco Investors INC. ET AL now owns 1,457,676 shares of the financial services provider's stock worth $55,771,000 after buying an additional 21,659 shares during the last quarter. Gabelli Funds LLC boosted its stake in shares of Atlanta Braves by 0.5% during the 4th quarter. Gabelli Funds LLC now owns 1,420,494 shares of the financial services provider's stock valued at $54,348,000 after purchasing an additional 6,375 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Atlanta Braves by 5.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 817,798 shares of the financial services provider's stock valued at $31,288,000 after purchasing an additional 40,827 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of Atlanta Braves by 3.1% during the 4th quarter. Wellington Management Group LLP now owns 654,762 shares of the financial services provider's stock valued at $25,051,000 after purchasing an additional 19,718 shares in the last quarter. Finally, Breach Inlet Capital Management LLC boosted its stake in shares of Atlanta Braves by 10.3% during the 4th quarter. Breach Inlet Capital Management LLC now owns 519,378 shares of the financial services provider's stock valued at $19,871,000 after purchasing an additional 48,414 shares in the last quarter. Hedge funds and other institutional investors own 64.88% of the company's stock.
Insider Buying and Selling at Atlanta Braves
In other Atlanta Braves news, major shareholder John C. Malone purchased 2,760 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were acquired at an average cost of $41.99 per share, with a total value of $115,892.40. Following the completion of the acquisition, the insider now directly owns 214,118 shares in the company, valued at $8,990,814.82. The trade was a 1.31 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last ninety days, insiders acquired 122,632 shares of company stock valued at $5,072,723. Insiders own 11.43% of the company's stock.
Atlanta Braves Stock Performance
Shares of BATRK traded down $0.32 during mid-day trading on Thursday, hitting $39.54. 71,733 shares of the company traded hands, compared to its average volume of 275,086. The stock has a 50-day moving average price of $39.03 and a two-hundred day moving average price of $39.24. 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 $2.03 billion, a price-to-earnings ratio of -54.32 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) earnings per share for the quarter, beating the consensus estimate of ($0.69) by $0.38. The company had revenue of $52.12 million for the quarter, compared to analysts' expectations of $48.20 million. On average, analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of Atlanta Braves to a "sell" rating in a research note on Friday, February 28th.
Get Our Latest Stock Analysis on BATRK
About Atlanta Braves
(
Free Report)
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.
Further Reading
Before you consider Atlanta Braves, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Atlanta Braves wasn't on the list.
While Atlanta Braves currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
