93,285 Shares in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Purchased by Pentwater Capital Management LP

Pentwater Capital Management LP bought a new stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 93,285 shares of the financial services provider's stock, valued at approximately $3,569,000. Pentwater Capital Management LP owned approximately 0.18% of Atlanta Braves at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Tudor Investment Corp ET AL increased its stake in shares of 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 worth $17,447,000 after purchasing an additional 139,952 shares during the period. Boothbay Fund Management LLC acquired a new stake in shares of Atlanta Braves in the fourth quarter worth $1,906,000. Nebula Research & Development LLC increased its position in Atlanta Braves by 201.4% during the fourth quarter. Nebula Research & Development LLC now owns 37,475 shares of the financial services provider's stock worth $1,434,000 after acquiring an additional 25,041 shares during the period. T. Rowe Price Investment Management Inc. raised its stake in 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 valued at $64,694,000 after purchasing an additional 1,215,948 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in Atlanta Braves by 20.4% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 19,707 shares of the financial services provider's stock valued at $754,000 after purchasing an additional 3,343 shares during the period. 64.88% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, major shareholder John C. Malone acquired 2,760 shares of the company's stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $41.99 per share, with a total value of $115,892.40. Following the completion of the acquisition, the insider now owns 214,118 shares in the company, valued at approximately $8,990,814.82. This represents a 1.31 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders purchased 122,632 shares of company stock worth $5,072,723 in the last 90 days. 11.43% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

Atlanta Braves Trading Up 1.2 %

BATRK stock traded up $0.47 during midday trading on Friday, hitting $40.28. The stock had a trading volume of 319,511 shares, compared to its average volume of 277,243. Atlanta Braves Holdings, Inc. has a 52 week low of $35.46 and a 52 week high of $44.43. The stock has a 50-day simple moving average of $39.06 and a 200 day simple moving average of $39.23. The firm has a market capitalization of $2.07 billion, a price-to-earnings ratio of -55.18 and a beta of 0.56.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last posted its earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share for the quarter, beating analysts' consensus estimates of ($0.69) by $0.38. The business 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 EPS 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.