Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Shares Acquired by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. increased its position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 25.7% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,265 shares of the financial services provider’s stock after purchasing an additional 463 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Atlanta Braves were worth $87,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Quest Partners LLC increased its position in shares of Atlanta Braves by 28,820.0% in the third quarter. Quest Partners LLC now owns 4,338 shares of the financial services provider’s stock valued at $173,000 after buying an additional 4,323 shares in the last quarter. Commerce Bank boosted its position in shares of Atlanta Braves by 80.3% in the 3rd quarter. Commerce Bank now owns 15,982 shares of the financial services provider’s stock worth $636,000 after buying an additional 7,118 shares in the last quarter. Intech Investment Management LLC acquired a new stake in Atlanta Braves in the 3rd quarter valued at about $455,000. Dynamic Technology Lab Private Ltd purchased a new position in Atlanta Braves during the 3rd quarter valued at about $348,000. Finally, Quantbot Technologies LP raised its position in Atlanta Braves by 68.8% during the third quarter. Quantbot Technologies LP now owns 20,330 shares of the financial services provider’s stock worth $809,000 after acquiring an additional 8,288 shares during the last quarter. 64.88% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Atlanta Braves

In other Atlanta Braves news, major shareholder John C. Malone bought 5,094 shares of Atlanta Braves stock in a transaction that occurred on Monday, January 27th. The shares were purchased at an average cost of $41.94 per share, for a total transaction of $213,642.36. Following the completion of the transaction, the insider now owns 169,522 shares of the company’s stock, valued at $7,109,752.68. This represents a 3.10 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders bought a total of 47,692 shares of company stock worth $1,980,287 over the last ninety days. 11.43% of the stock is currently owned by corporate insiders.

Atlanta Braves Stock Performance

Atlanta Braves stock opened at $39.69 on Wednesday. Atlanta Braves Holdings, Inc. has a fifty-two week low of $35.81 and a fifty-two week high of $44.43. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of -54.37 and a beta of 0.65. The stock has a fifty day moving average of $39.24 and a two-hundred day moving average of $39.53.

Atlanta Braves (NASDAQ:BATRK) last posted its quarterly earnings data on Wednesday, February 26th. The financial services provider reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.38. The company had revenue of $52.12 million for the quarter, compared to analysts’ expectations of $48.20 million. On average, analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of 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.