UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Grows Holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) by 15.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 135,155 shares of the financial services provider's stock after acquiring an additional 18,501 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.27% of Atlanta Braves worth $5,171,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Federated Hermes Inc. purchased a new position in shares of Atlanta Braves in the 4th quarter valued at about $40,000. PNC Financial Services Group Inc. increased its holdings in Atlanta Braves by 25.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,265 shares of the financial services provider's stock valued at $87,000 after buying an additional 463 shares in the last quarter. US Bancorp DE increased 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 buying an additional 430 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Atlanta Braves by 687.0% during the 4th 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. Finally, OFI Invest Asset Management purchased a new stake in shares of Atlanta Braves during the 4th quarter worth approximately $157,000. 64.88% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

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

Insider Activity at Atlanta Braves

In other news, EVP Deretta C. Rhodes sold 5,000 shares of the 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 sale, the executive vice president now owns 3,112 shares of the company's stock, valued at $128,214.40. This represents a 61.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder John C. Malone bought 38,452 shares of the business's stock in a transaction dated Tuesday, April 8th. The stock was acquired at an average cost of $40.28 per share, for a total transaction of $1,548,846.56. Following the purchase, 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 disclosure for this purchase can be found here. In the last quarter, insiders bought 124,632 shares of company stock valued at $5,159,623. 11.43% of the stock is owned by insiders.

Atlanta Braves Stock Up 1.2%

Shares of Atlanta Braves stock traded up $0.47 during trading on Friday, hitting $40.73. 59,414 shares of the company were exchanged, compared to its average volume of 280,318. Atlanta Braves Holdings, Inc. has a fifty-two week low of $35.46 and a fifty-two week high of $44.43. The firm has a 50 day moving average price of $39.58 and a 200 day moving average price of $39.28. The stock has a market capitalization of $2.09 billion, a price-to-earnings ratio of -55.84 and a beta of 0.54.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The financial services provider reported ($0.66) earnings per share 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 analysts' expectations of $36.87 million. Analysts predict that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current year.

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.