KLP Kapitalforvaltning AS Acquires Shares of 8,800 Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

KLP Kapitalforvaltning AS bought a new stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 8,800 shares of the financial services provider’s stock, valued at approximately $337,000.

Other institutional investors have also added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in Atlanta Braves during the fourth quarter worth approximately $41,000. PNC Financial Services Group Inc. grew its holdings in shares of Atlanta Braves by 25.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,265 shares of the financial services provider’s stock valued at $87,000 after acquiring an additional 463 shares in the last quarter. US Bancorp DE increased its position in shares of Atlanta Braves by 17.7% during the 4th quarter. US Bancorp DE now owns 2,862 shares of the financial services provider’s stock valued at $110,000 after purchasing an additional 430 shares during the last quarter. OFI Invest Asset Management bought a new position in shares of Atlanta Braves during the 4th quarter valued at approximately $157,000. Finally, ABC Arbitrage SA purchased a new stake in Atlanta Braves in the 4th quarter worth about $204,000. 64.88% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Atlanta Braves Trading Down 5.2 %

Shares of NASDAQ:BATRK opened at $37.25 on Friday. The company has a market cap of $1.91 billion, a price-to-earnings ratio of -51.03 and a beta of 0.56. Atlanta Braves Holdings, Inc. has a 12 month low of $35.81 and a 12 month high of $44.43. The company has a 50-day moving average price of $39.56 and a 200-day moving average price of $39.48.

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

Insider Activity

In other Atlanta Braves news, major shareholder John C. Malone bought 15,192 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was bought at an average cost of $40.62 per share, for a total transaction of $617,099.04. Following the completion of the transaction, the insider now owns 146,020 shares of the company’s stock, valued at $5,931,332.40. This represents a 11.61 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired a total of 47,692 shares of company stock valued at $1,980,287 over the last ninety days. 11.43% of the stock is currently owned by corporate insiders.

Atlanta Braves 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.