Tudor Investment Corp ET AL Grows Stock Position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Tudor Investment Corp ET AL raised its position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) by 44.3% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 456,000 shares of the financial services provider's stock after acquiring an additional 139,952 shares during the period. Tudor Investment Corp ET AL owned approximately 0.90% of Atlanta Braves worth $17,447,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. T. Rowe Price Investment Management Inc. boosted its position in shares of 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 worth $64,694,000 after purchasing an additional 1,215,948 shares in the last quarter. Gamco Investors INC. ET AL lifted its stake in shares of Atlanta Braves by 1.5% in the fourth quarter. Gamco Investors INC. ET AL now owns 1,457,676 shares of the financial services provider's stock valued at $55,771,000 after purchasing an additional 21,659 shares during the period. Gabelli Funds LLC boosted its holdings in Atlanta Braves by 0.5% during the fourth quarter. Gabelli Funds LLC now owns 1,420,494 shares of the financial services provider's stock worth $54,348,000 after buying an additional 6,375 shares in the last quarter. Dimensional Fund Advisors LP grew its position in Atlanta Braves by 5.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 817,798 shares of the financial services provider's stock worth $31,288,000 after buying an additional 40,827 shares during the period. Finally, Wellington Management Group LLP lifted its position in shares of Atlanta Braves by 3.1% during the 4th quarter. Wellington Management Group LLP now owns 654,762 shares of the financial services provider's stock valued at $25,051,000 after acquiring an additional 19,718 shares during the period. 64.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Atlanta Braves Stock Performance

NASDAQ:BATRK traded up $0.47 during mid-day trading on Friday, hitting $40.28. 319,511 shares of the company's stock traded hands, compared to its average volume of 276,728. The company has a market cap of $2.07 billion, a PE ratio of -55.18 and a beta of 0.56. The firm's 50 day simple moving average is $39.06 and its 200 day simple moving average is $39.24. 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 issued its quarterly earnings data on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.69) by $0.38. The company had revenue of $52.12 million for the quarter, compared to analyst estimates of $48.20 million. On average, research analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current fiscal year.

Insider Transactions at Atlanta Braves

In other news, major shareholder John C. Malone acquired 8,371 shares of the business's stock in a transaction dated Monday, April 21st. The stock was acquired at an average price of $41.94 per share, with a total value of $351,079.74. Following the completion of the transaction, the insider now directly owns 371,707 shares in the company, valued at approximately $15,589,391.58. This represents a 2.30 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders purchased a total of 122,632 shares of company stock valued at $5,072,723 over the last three months. 11.43% of the stock is currently owned by 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.