Intech Investment Management LLC Grows Position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Intech Investment Management LLC grew its stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 75.1% during the 4th quarter, Holdings Channel.com reports. The firm owned 20,005 shares of the financial services provider’s stock after acquiring an additional 8,580 shares during the period. Intech Investment Management LLC’s holdings in Atlanta Braves were worth $765,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in BATRK. Delphi Management Inc. MA boosted its stake in shares of 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 worth $1,534,000 after acquiring an additional 4,430 shares in the last quarter. John & Kathleen Schreiber Foundation purchased a new stake in Atlanta Braves during the fourth quarter worth $281,000. Thompson Siegel & Walmsley LLC boosted its position in Atlanta Braves by 85.5% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 263,318 shares of the financial services provider’s stock worth $10,075,000 after purchasing an additional 121,360 shares in the last quarter. Moran Wealth Management LLC grew its holdings in Atlanta Braves by 8.3% in the fourth quarter. Moran Wealth Management LLC now owns 12,935 shares of the financial services provider’s stock valued at $495,000 after purchasing an additional 989 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new position in shares of Atlanta Braves in the fourth quarter valued at $157,000. 64.88% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Atlanta Braves Price Performance

Shares of Atlanta Braves stock opened at $39.38 on Monday. Atlanta Braves Holdings, Inc. has a 1 year low of $35.81 and a 1 year high of $44.43. The business has a 50 day moving average price of $39.11 and a 200 day moving average price of $39.54. The company has a market capitalization of $2.02 billion, a P/E ratio of -53.95 and a beta of 0.65.

Atlanta Braves (NASDAQ:BATRK) last issued its quarterly earnings data 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 company had revenue of $52.12 million during the quarter, compared to analysts’ expectations of $48.20 million. As a group, research analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other Atlanta Braves news, major shareholder John C. Malone purchased 5,094 shares of the business’s stock in a transaction on Monday, January 27th. The stock was bought at an average cost of $41.94 per share, for a total transaction of $213,642.36. Following the acquisition, the insider now owns 169,522 shares of the company’s stock, valued at approximately $7,109,752.68. The trade was a 3.10 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders have bought 47,692 shares of company stock valued at $1,980,287 in the last ninety days. Insiders own 11.43% of the company’s stock.

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.