JPMorgan Chase & Co. Purchases 82,769 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

JPMorgan Chase & Co. grew its position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 49.5% during the fourth quarter, HoldingsChannel.com reports. The fund owned 250,042 shares of the financial services provider’s stock after acquiring an additional 82,769 shares during the quarter. JPMorgan Chase & Co.’s holdings in Atlanta Braves were worth $9,567,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. R Squared Ltd purchased a new position in Atlanta Braves in the fourth quarter worth about $41,000. PNC Financial Services Group Inc. boosted its holdings 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 period. 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 purchased a new stake in Atlanta Braves during the 4th quarter valued at $157,000. Finally, Quantinno Capital Management LP purchased a new position in Atlanta Braves during the third quarter worth $205,000. Institutional investors own 64.88% of the company’s stock.

Atlanta Braves Trading Down 0.2 %

NASDAQ BATRK opened at $37.84 on Tuesday. Atlanta Braves Holdings, Inc. has a 12 month low of $35.46 and a 12 month high of $44.43. The company’s 50-day moving average price is $39.27 and its 200-day moving average price is $39.29. The stock has a market cap of $1.94 billion, a PE ratio of -51.84 and a beta of 0.56.

Atlanta Braves (NASDAQ:BATRK) last issued its earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share for the quarter, topping the consensus estimate of ($0.69) by $0.38. The firm had revenue of $52.12 million during the quarter, compared to analysts’ expectations of $48.20 million. As a group, sell-side analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current year.

Insider Activity at Atlanta Braves

In other news, major shareholder John C. Malone acquired 5,094 shares of Atlanta Braves stock in a transaction that occurred on Monday, January 27th. The stock was purchased at an average price of $41.94 per share, for a total transaction of $213,642.36. Following the purchase, the insider now directly owns 169,522 shares in the company, valued at $7,109,752.68. The trade was a 3.10 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have acquired a total of 130,402 shares of company stock valued at $5,379,118 over the last ninety days. 11.43% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

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.