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

BNP Paribas Financial Markets bought a new position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 18,844 shares of the financial services provider's stock, valued at approximately $721,000.

Several other large investors have also recently bought and sold shares of BATRK. T. Rowe Price Investment Management Inc. boosted its position in shares of 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 worth $64,694,000 after acquiring an additional 1,215,948 shares in the last quarter. Aristeia Capital L.L.C. lifted its stake in Atlanta Braves by 34.5% during the fourth quarter. Aristeia Capital L.L.C. now owns 2,414,362 shares of the financial services provider's stock worth $92,373,000 after purchasing an additional 618,887 shares during the last quarter. Tudor Investment Corp ET AL boosted its holdings in 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 boosted its holdings in 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 position in Atlanta Braves in the fourth quarter valued at approximately $4,410,000. Hedge funds and other institutional investors own 64.88% of the company's stock.

Atlanta Braves Stock Up 1.2%

BATRK traded up $0.48 on Tuesday, reaching $40.86. The company had a trading volume of 98,150 shares, compared to its average volume of 292,769. Atlanta Braves Holdings, Inc. has a 1 year low of $35.46 and a 1 year high of $44.42. The stock has a market capitalization of $2.10 billion, a PE ratio of -55.97 and a beta of 0.56. The stock has a 50-day moving average price of $39.48 and a 200-day moving average price of $39.27.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last posted its earnings results on Monday, May 12th. The financial services provider reported ($0.66) earnings per share for the quarter, beating the consensus estimate of ($0.94) by $0.28. The firm had revenue of $47.21 million during the quarter, compared to analysts' expectations of $36.87 million. As a group, analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current fiscal year.

Insider Buying and Selling at Atlanta Braves

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

Wall Street Analysts Forecast Growth

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

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.