Canada Pension Plan Investment Board Invests $1.12 Million in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Canada Pension Plan Investment Board bought a new stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 29,300 shares of the financial services provider's stock, valued at approximately $1,121,000. Canada Pension Plan Investment Board owned approximately 0.06% of Atlanta Braves as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Federated Hermes Inc. acquired a new position in shares of Atlanta Braves in the fourth quarter worth about $40,000. R Squared Ltd purchased a new stake in Atlanta Braves during the 4th quarter worth approximately $41,000. PNC Financial Services Group Inc. raised its position in shares of Atlanta Braves by 25.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,265 shares of the financial services provider's stock valued at $87,000 after purchasing an additional 463 shares in the last quarter. US Bancorp DE boosted its stake in shares of Atlanta Braves by 17.7% during 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 last quarter. Finally, OFI Invest Asset Management acquired a new stake in shares of Atlanta Braves during the fourth quarter worth approximately $157,000. 64.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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 purchased 2,760 shares of Atlanta Braves stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $41.99 per share, with a total value of $115,892.40. Following the completion of the acquisition, the insider now owns 214,118 shares in the company, valued at $8,990,814.82. The trade was a 1.31 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have acquired 122,632 shares of company stock valued at $5,072,723. Company insiders own 11.43% of the company's stock.

Atlanta Braves Trading Down 0.3 %

Atlanta Braves stock traded down $0.10 during midday trading on Wednesday, hitting $39.86. The stock had a trading volume of 243,179 shares, compared to its average volume of 275,885. The business has a fifty day moving average price of $39.03 and a 200 day moving average price of $39.24. 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 cap of $2.04 billion, a P/E ratio of -54.60 and a beta of 0.56.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last issued its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $48.20 million. On average, equities analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.

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.