Ionic Capital Management LLC Takes $332,000 Position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Ionic Capital Management LLC acquired a new position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 8,689 shares of the financial services provider's stock, valued at approximately $332,000.

Several other large investors have also made changes to their positions in BATRK. Federated Hermes Inc. bought a new position in shares of Atlanta Braves during the 4th quarter worth about $40,000. R Squared Ltd acquired a new stake in Atlanta Braves during the fourth quarter worth about $41,000. PNC Financial Services Group Inc. increased its stake in Atlanta Braves by 25.7% during 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 acquiring an additional 463 shares during the period. US Bancorp DE raised its holdings in Atlanta Braves by 17.7% in the 4th quarter. US Bancorp DE now owns 2,862 shares of the financial services provider's stock valued at $110,000 after acquiring an additional 430 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its position in shares of Atlanta Braves by 687.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,463 shares of the financial services provider's stock worth $132,000 after acquiring an additional 3,023 shares during the period. Institutional investors and hedge funds own 64.88% of the company's stock.

Insider Transactions at Atlanta Braves

In related news, major shareholder John C. Malone acquired 8,371 shares of the firm's stock in a transaction on Monday, April 21st. The shares were purchased at an average price of $41.94 per share, with a total value of $351,079.74. Following the acquisition, the insider now directly owns 371,707 shares in the company, valued at $15,589,391.58. The trade was a 2.30 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. In the last quarter, insiders have bought 122,632 shares of company stock valued at $5,072,723. 11.43% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, StockNews.com upgraded Atlanta Braves to a "sell" rating in a research report on Friday, February 28th.

Atlanta Braves Stock Performance

Shares of Atlanta Braves stock opened at $40.51 on Friday. Atlanta Braves Holdings, Inc. has a twelve month low of $35.46 and a twelve month high of $44.43. The firm has a market cap of $2.08 billion, a P/E ratio of -55.49 and a beta of 0.56. The firm's 50-day simple moving average is $39.11 and its 200-day simple moving average is $39.23.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share for the quarter, beating the consensus estimate of ($0.69) by $0.38. The company had revenue of $52.12 million during the quarter, compared to the consensus estimate of $48.20 million. On average, equities analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current fiscal year.

About Atlanta Braves

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.

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