18,844 Shares in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets purchased a new stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 18,844 shares of the financial services provider's stock, valued at approximately $721,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in BATRK. T. Rowe Price Investment Management Inc. boosted its stake in Atlanta Braves by 256.0% during the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,690,889 shares of the financial services provider's stock valued at $64,694,000 after purchasing an additional 1,215,948 shares in the last quarter. Aristeia Capital L.L.C. lifted its holdings in shares of Atlanta Braves by 34.5% in the fourth quarter. Aristeia Capital L.L.C. now owns 2,414,362 shares of the financial services provider's stock valued at $92,373,000 after purchasing an additional 618,887 shares in the last quarter. Tudor Investment Corp ET AL lifted its holdings in shares of Atlanta Braves by 44.3% in the fourth quarter. Tudor Investment Corp ET AL now owns 456,000 shares of the financial services provider's stock valued at $17,447,000 after purchasing an additional 139,952 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its holdings in shares of Atlanta Braves by 85.5% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 263,318 shares of the financial services provider's stock valued at $10,075,000 after purchasing an additional 121,360 shares in the last quarter. Finally, Castalian Partners LLC purchased a new stake in shares of Atlanta Braves in the fourth quarter valued at $4,410,000. 64.88% of the stock is owned by institutional investors.

Atlanta Braves Stock Down 0.3%

Shares of BATRK traded down $0.11 during mid-day trading on Wednesday, reaching $40.68. The company's stock had a trading volume of 11,476 shares, compared to its average volume of 281,730. The business has a fifty day moving average of $39.50 and a 200 day moving average of $39.28. The company has a market cap of $2.09 billion, a price-to-earnings ratio of -55.70 and a beta of 0.56. Atlanta Braves Holdings, Inc. has a 1 year low of $35.46 and a 1 year high of $44.43.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last posted its quarterly earnings results on Monday, May 12th. The financial services provider reported ($0.66) earnings per share for the quarter, topping analysts' consensus estimates of ($0.94) by $0.28. The company had revenue of $47.21 million during the quarter, compared to analyst estimates of $36.87 million. On average, analysts predict that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen upgraded Atlanta Braves from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd.

Insider Activity

In other news, major shareholder John C. Malone bought 38,452 shares of the firm's stock in a transaction that occurred on Tuesday, April 8th. The shares were acquired at an average cost of $40.28 per share, with a total value of $1,548,846.56. Following the completion of the transaction, the insider now directly owns 254,428 shares in the company, valued at $10,248,359.84. This represents a 17.80% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Deretta C. Rhodes sold 767 shares of Atlanta Braves stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $40.97, for a total value of $31,423.99. Following the sale, the executive vice president now directly owns 3,112 shares in the company, valued at $127,498.64. The trade was a 19.77% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have acquired 122,632 shares of company stock valued at $5,072,723. 11.43% of the stock is owned by insiders.

Atlanta Braves Company 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.