Barclays PLC Acquires 6,496 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Barclays PLC lifted its stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) by 7.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,826 shares of the financial services provider's stock after purchasing an additional 6,496 shares during the period. Barclays PLC owned 0.17% of Atlanta Braves worth $3,398,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of BATRK. Federated Hermes Inc. bought a new stake in shares of Atlanta Braves during the 4th quarter valued at $40,000. R Squared Ltd bought a new stake in Atlanta Braves during the fourth quarter valued at about $41,000. PNC Financial Services Group Inc. raised its holdings in 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 valued at $87,000 after acquiring an additional 463 shares during the period. US Bancorp DE lifted its position in shares of Atlanta Braves by 17.7% in the fourth quarter. US Bancorp DE now owns 2,862 shares of the financial services provider's stock valued at $110,000 after acquiring an additional 430 shares in the last quarter. Finally, OFI Invest Asset Management bought a new position in shares of Atlanta Braves in the fourth quarter worth about $157,000. 64.88% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Atlanta Braves

In other Atlanta Braves news, major shareholder John C. Malone purchased 8,371 shares of the stock in a transaction that occurred on Monday, April 21st. The stock was purchased at an average price of $41.94 per share, with a total value of $351,079.74. Following the acquisition, the insider now owns 371,707 shares in the company, valued at approximately $15,589,391.58. The trade was a 2.30 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders bought 122,632 shares of company stock worth $5,072,723 in the last quarter. 11.43% of the stock is owned by corporate insiders.

Atlanta Braves Trading Up 1.2 %

Shares of NASDAQ:BATRK traded up $0.47 during midday trading on Friday, reaching $40.28. 319,511 shares of the company were exchanged, compared to its average volume of 277,243. The stock has a market cap of $2.07 billion, a PE ratio of -55.18 and a beta of 0.56. The business's fifty day moving average is $39.06 and its two-hundred day moving average is $39.23. Atlanta Braves Holdings, Inc. has a one year low of $35.46 and a one year high of $44.43.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last issued its quarterly earnings data 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 firm had revenue of $52.12 million for the quarter, compared to analysts' expectations of $48.20 million. As a group, sell-side analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.

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.