Boothbay Fund Management LLC Acquires Shares of 49,811 Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Boothbay Fund Management LLC acquired a new stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 49,811 shares of the financial services provider’s stock, valued at approximately $1,906,000. Boothbay Fund Management LLC owned about 0.10% of Atlanta Braves as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Federated Hermes Inc. bought a new position in shares of Atlanta Braves in the 4th quarter worth $40,000. R Squared Ltd bought a new position in shares of Atlanta Braves in the 4th quarter worth $41,000. PNC Financial Services Group Inc. boosted its position in shares of 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 during the last quarter. US Bancorp DE boosted its position in shares of Atlanta Braves by 17.7% in the 4th quarter. US Bancorp DE now owns 2,862 shares of the financial services provider’s stock worth $110,000 after purchasing an additional 430 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in shares of Atlanta Braves by 687.0% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,463 shares of the financial services provider’s stock worth $132,000 after purchasing an additional 3,023 shares during the last quarter. 64.88% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, major shareholder John C. Malone purchased 2,760 shares of the company’s stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of $41.99 per share, with a total value of $115,892.40. Following the purchase, the insider now directly owns 214,118 shares of the company’s stock, valued at $8,990,814.82. This trade represents a 1.31 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In the last quarter, insiders have acquired 147,278 shares of company stock valued at $6,106,376. 11.43% of the stock is owned by company insiders.

Analyst Ratings Changes

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

Atlanta Braves Trading Down 0.1 %

Shares of Atlanta Braves stock opened at $39.25 on Monday. The company has a market capitalization of $2.01 billion, a PE ratio of -53.77 and a beta of 0.56. Atlanta Braves Holdings, Inc. has a 12 month low of $35.46 and a 12 month high of $44.43. The stock’s fifty day simple moving average is $39.05 and its 200 day simple moving average is $39.23.

Atlanta Braves (NASDAQ:BATRK) last issued its quarterly earnings data 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 business had revenue of $52.12 million for the quarter, compared to analyst estimates of $48.20 million. Analysts predict that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal 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.