Dimensional Fund Advisors LP Buys 40,827 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Dimensional Fund Advisors LP raised its position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) by 5.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 817,798 shares of the financial services provider's stock after acquiring an additional 40,827 shares during the period. Dimensional Fund Advisors LP owned approximately 1.61% of Atlanta Braves worth $31,288,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Federated Hermes Inc. bought a new stake in Atlanta Braves in the fourth quarter worth about $40,000. R Squared Ltd bought a new stake in shares of Atlanta Braves during the 4th quarter worth approximately $41,000. PNC Financial Services Group Inc. boosted its holdings in Atlanta Braves by 25.7% during 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 acquiring an additional 463 shares during the period. US Bancorp DE grew its position in 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 acquiring an additional 430 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new stake in Atlanta Braves in the fourth quarter worth $157,000. Institutional investors own 64.88% of the company's stock.

Insider Transactions at Atlanta Braves

In other news, major shareholder John C. Malone purchased 38,452 shares of the stock in a transaction dated Tuesday, April 8th. The shares were acquired at an average cost of $40.28 per share, for a total transaction of $1,548,846.56. Following the acquisition, the insider now owns 254,428 shares of the company's stock, valued at approximately $10,248,359.84. This represents a 17.80 % 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 this hyperlink. In the last quarter, insiders acquired 122,632 shares of company stock valued at $5,072,723. Company insiders own 11.43% of the company's stock.

Atlanta Braves Stock Performance

Shares of NASDAQ BATRK opened at $39.94 on Tuesday. The stock has a 50 day moving average price of $39.08 and a 200 day moving average price of $39.22. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of -54.71 and a beta of 0.56. Atlanta Braves Holdings, Inc. has a 52-week low of $35.46 and a 52-week high of $44.43.

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

Analysts Set New Price Targets

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

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.

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