Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Shares Bought by Wells Fargo & Company MN

Wells Fargo & Company MN raised its stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) by 82.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 66,198 shares of the financial services provider's stock after buying an additional 29,894 shares during the quarter. Wells Fargo & Company MN owned about 0.13% of Atlanta Braves worth $2,533,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the stock. Miracle Mile Advisors LLC purchased a new position in Atlanta Braves during the 4th quarter valued at about $6,736,000. Thompson Siegel & Walmsley LLC boosted its stake in shares of Atlanta Braves by 85.5% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 263,318 shares of the financial services provider's stock valued at $10,075,000 after purchasing an additional 121,360 shares during the period. JPMorgan Chase & Co. grew its holdings in shares of Atlanta Braves by 123.0% in the third quarter. JPMorgan Chase & Co. now owns 167,273 shares of the financial services provider's stock valued at $6,657,000 after purchasing an additional 92,248 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Atlanta Braves during the 4th quarter worth approximately $3,324,000. Finally, Barclays PLC lifted its holdings in Atlanta Braves by 160.3% during the 3rd quarter. Barclays PLC now owns 82,330 shares of the financial services provider's stock worth $3,276,000 after buying an additional 50,702 shares in the last quarter. Hedge funds and other institutional investors own 64.88% of the company's stock.

Insider Activity at Atlanta Braves

In other Atlanta Braves news, major shareholder John C. Malone acquired 38,452 shares of the stock in a transaction on Tuesday, April 8th. The shares were bought at an average price of $40.28 per share, with a total value of $1,548,846.56. Following the acquisition, the insider now owns 254,428 shares of the company's stock, valued at $10,248,359.84. This trade represents a 17.80 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders acquired a total of 122,632 shares of company stock worth $5,072,723 in the last 90 days. 11.43% of the stock is owned by insiders.

Atlanta Braves Stock Performance

Shares of BATRK stock traded down $0.10 during mid-day trading on Wednesday, hitting $39.86. 243,179 shares of the stock were exchanged, compared to its average volume of 275,885. Atlanta Braves Holdings, Inc. has a 12-month low of $35.46 and a 12-month high of $44.43. The stock has a market capitalization of $2.04 billion, a price-to-earnings ratio of -54.60 and a beta of 0.56. The stock's fifty day simple moving average is $39.03 and its two-hundred day simple moving average is $39.24.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last released its quarterly earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) EPS for the quarter, topping the consensus estimate of ($0.69) by $0.38. The firm 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.

Analyst Ratings Changes

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

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.