281,000 Shares in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Acquired by Troluce Capital Advisors LLC

Troluce Capital Advisors LLC acquired a new position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 281,000 shares of the financial services provider's stock, valued at approximately $10,751,000. Atlanta Braves comprises 0.4% of Troluce Capital Advisors LLC's investment portfolio, making the stock its 3rd biggest position. Troluce Capital Advisors LLC owned approximately 0.55% of Atlanta Braves as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Federated Hermes Inc. purchased a new stake in Atlanta Braves in the fourth quarter valued at about $40,000. R Squared Ltd purchased a new position in shares of Atlanta Braves in the fourth quarter worth $41,000. PNC Financial Services Group Inc. increased its holdings in 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 worth $87,000 after buying an additional 463 shares during the period. US Bancorp DE boosted its holdings in Atlanta Braves by 17.7% in the fourth quarter. US Bancorp DE now owns 2,862 shares of the financial services provider's stock valued at $110,000 after purchasing an additional 430 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in Atlanta Braves by 687.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,463 shares of the financial services provider's stock valued at $132,000 after acquiring an additional 3,023 shares during the period. Institutional investors own 64.88% of the company's stock.

Atlanta Braves Stock Performance

Shares of NASDAQ:BATRK traded down $0.18 during trading hours on Friday, reaching $40.61. The stock had a trading volume of 63,086 shares, compared to its average volume of 281,956. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of -55.62 and a beta of 0.56. The firm's 50 day moving average is $39.45 and its 200-day moving average is $39.30. 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 released its quarterly earnings data 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 for the quarter, compared to analyst estimates of $36.87 million. Analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Atlanta Braves from a "sell" rating to a "hold" rating in a research note on Thursday.

Insiders Place Their Bets

In other Atlanta Braves news, EVP Deretta C. Rhodes sold 5,000 shares of Atlanta Braves 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 completion of the transaction, the executive vice president now owns 3,112 shares of the company's stock, valued at $128,214.40. The trade was a 61.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, major shareholder John C. Malone bought 38,452 shares of the business's stock in a transaction on Tuesday, April 8th. The stock was bought at an average price of $40.28 per share, for a total transaction of $1,548,846.56. Following the completion of the purchase, the insider now directly owns 254,428 shares of the company's stock, valued at $10,248,359.84. The trade was a 17.80% increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 122,632 shares of company stock worth $5,072,723. 11.43% of the stock is owned by company insiders.

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.