Pentwater Capital Management LP purchased a new position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 93,285 shares of the financial services provider's stock, valued at approximately $3,569,000. Pentwater Capital Management LP owned 0.18% of Atlanta Braves as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds have also bought and sold shares of the company. Federated Hermes Inc. purchased a new position in Atlanta Braves during the 4th quarter worth $40,000. R Squared Ltd purchased a new stake in Atlanta Braves in the 4th quarter worth approximately $41,000. PNC Financial Services Group Inc. boosted its position 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 purchasing an additional 463 shares in the last quarter. US Bancorp DE lifted its position in shares of Atlanta Braves by 17.7% during the 4th 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. Finally, 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 buying an additional 3,023 shares in the last quarter. 64.88% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised Atlanta Braves to a "sell" rating in a research note on Friday, February 28th.
Read Our Latest Stock Report on Atlanta Braves
Atlanta Braves Trading Up 0.7 %
BATRK stock opened at $39.53 on Tuesday. The company has a market cap of $2.03 billion, a P/E ratio of -54.15 and a beta of 0.56. The company's 50-day moving average price is $39.03 and its 200 day moving average price is $39.23. Atlanta Braves Holdings, Inc. has a 52 week low of $35.46 and a 52 week high of $44.43.
Atlanta Braves (NASDAQ:BATRK - Get Free Report) last announced its earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.69) by $0.38. The business had revenue of $52.12 million for the quarter, compared to analysts' expectations of $48.20 million. On average, equities research analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current year.
Insiders Place Their Bets
In other news, major shareholder John C. Malone acquired 2,760 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were purchased at an average cost of $41.99 per share, with a total value of $115,892.40. Following the completion of the purchase, the insider now owns 214,118 shares of the company's stock, valued at $8,990,814.82. This represents a 1.31 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In the last ninety days, insiders acquired 147,278 shares of company stock worth $6,106,376. 11.43% of the stock is currently owned by company insiders.
About Atlanta Braves
(
Free Report)
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.
See Also
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