Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Stock Position Lifted by Magnetar Financial LLC

Magnetar Financial LLC grew its position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 161.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,328 shares of the financial services provider’s stock after buying an additional 8,239 shares during the period. Magnetar Financial LLC’s holdings in Atlanta Braves were worth $510,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Intech Investment Management LLC lifted its holdings in shares of Atlanta Braves by 75.1% in the 4th quarter. Intech Investment Management LLC now owns 20,005 shares of the financial services provider’s stock worth $765,000 after purchasing an additional 8,580 shares during the last quarter. Delphi Management Inc. MA raised its stake in Atlanta Braves by 12.4% during the 4th quarter. Delphi Management Inc. MA now owns 40,091 shares of the financial services provider’s stock valued at $1,534,000 after acquiring an additional 4,430 shares in the last quarter. John & Kathleen Schreiber Foundation bought a new stake in Atlanta Braves during the 4th quarter valued at $281,000. Thompson Siegel & Walmsley LLC raised its stake in Atlanta Braves by 85.5% during the 4th quarter. Thompson Siegel & Walmsley LLC now owns 263,318 shares of the financial services provider’s stock valued at $10,075,000 after acquiring an additional 121,360 shares in the last quarter. Finally, Moran Wealth Management LLC raised its stake in Atlanta Braves by 8.3% during the 4th quarter. Moran Wealth Management LLC now owns 12,935 shares of the financial services provider’s stock valued at $495,000 after acquiring an additional 989 shares in the last quarter. Institutional investors own 64.88% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com raised Atlanta Braves to a “sell” rating in a research note on Friday, February 28th.

Insider Buying and Selling

In other news, major shareholder John C. Malone bought 15,192 shares of the stock in a transaction on Wednesday, January 22nd. The shares were purchased at an average price of $40.62 per share, for a total transaction of $617,099.04. Following the completion of the purchase, the insider now directly owns 146,020 shares of the company’s stock, valued at $5,931,332.40. This trade represents a 11.61 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have purchased 47,692 shares of company stock worth $1,980,287 in the last three months. 11.43% of the stock is currently owned by insiders.

Atlanta Braves Stock Performance

Shares of BATRK stock opened at $39.38 on Friday. Atlanta Braves Holdings, Inc. has a 1 year low of $35.81 and a 1 year high of $44.43. The stock has a market cap of $2.02 billion, a PE ratio of -53.95 and a beta of 0.65. The business’s fifty day moving average is $39.11 and its 200-day moving average is $39.56.

Atlanta Braves (NASDAQ:BATRK) last issued its quarterly earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share (EPS) for the quarter, beating 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. Equities research analysts predict that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current year.

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.