D. E. Shaw & Co. Inc. Has $1.72 Million Stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

D. E. Shaw & Co. Inc. lifted its position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) by 175.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 44,854 shares of the financial services provider's stock after purchasing an additional 28,561 shares during the period. D. E. Shaw & Co. Inc. owned about 0.09% of Atlanta Braves worth $1,716,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently added to or reduced their stakes in the stock. Barclays PLC boosted its stake in Atlanta Braves by 160.3% during the third quarter. Barclays PLC now owns 82,330 shares of the financial services provider's stock worth $3,276,000 after buying an additional 50,702 shares during the period. Diversify Advisory Services LLC raised its holdings in Atlanta Braves by 3.1% in the fourth quarter. Diversify Advisory Services LLC now owns 15,526 shares of the financial services provider's stock valued at $560,000 after acquiring an additional 474 shares in the last quarter. MassMutual Private Wealth & Trust FSB raised its holdings in Atlanta Braves by 17,744.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 10,885 shares of the financial services provider's stock valued at $416,000 after acquiring an additional 10,824 shares in the last quarter. Sheets Smith Wealth Management raised its holdings in Atlanta Braves by 3.8% in the fourth quarter. Sheets Smith Wealth Management now owns 18,936 shares of the financial services provider's stock valued at $724,000 after acquiring an additional 700 shares in the last quarter. Finally, Foundations Investment Advisors LLC raised its holdings in Atlanta Braves by 12.0% in the fourth quarter. Foundations Investment Advisors LLC now owns 6,008 shares of the financial services provider's stock valued at $230,000 after acquiring an additional 645 shares in the last quarter. 64.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Atlanta Braves

In other Atlanta Braves news, major shareholder John C. Malone purchased 38,452 shares of the stock in a transaction dated Tuesday, April 8th. The shares were bought at an average cost 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 of the company's stock, valued at approximately $10,248,359.84. This trade represents a 17.80% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Deretta C. Rhodes sold 5,000 shares of the firm's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $41.20, for a total value of $206,000.00. Following the transaction, the executive vice president now directly owns 3,112 shares in the company, valued at $128,214.40. This trade represents a 61.64% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have bought 122,632 shares of company stock valued at $5,072,723. Corporate insiders own 11.43% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Atlanta Braves from a "sell" rating to a "hold" rating in a report on Thursday.

Atlanta Braves Trading Down 1.0%

Shares of NASDAQ BATRK traded down $0.40 on Friday, reaching $40.38. 186,427 shares of the company traded hands, compared to its average volume of 283,101. Atlanta Braves Holdings, Inc. has a fifty-two week low of $35.46 and a fifty-two week high of $44.43. The company has a 50 day moving average of $39.47 and a 200 day moving average of $39.30. The stock has a market capitalization of $2.07 billion, a PE ratio of -55.32 and a beta of 0.56.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The financial services provider reported ($0.66) EPS for the quarter, topping the consensus estimate of ($0.94) by $0.28. The company had revenue of $47.21 million for the quarter, compared to analyst estimates of $36.87 million. As a group, research analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share 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.