Proficio Capital Partners LLC Acquires New Stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Proficio Capital Partners LLC acquired a new stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 21,464 shares of the financial services provider’s stock, valued at approximately $821,000.

A number of other hedge funds also recently bought and sold shares of the company. Harvey Partners LLC grew its holdings in Atlanta Braves by 14.6% during the third quarter. Harvey Partners LLC now owns 507,000 shares of the financial services provider’s stock valued at $20,179,000 after purchasing an additional 64,500 shares during the period. HBK Investments L P boosted its stake in shares of Atlanta Braves by 57.0% in the third quarter. HBK Investments L P now owns 480,000 shares of the financial services provider’s stock worth $19,104,000 after acquiring an additional 174,300 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Atlanta Braves by 0.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 433,466 shares of the financial services provider’s stock worth $16,584,000 after acquiring an additional 4,072 shares during the period. Harbor Capital Advisors Inc. boosted its stake in shares of Atlanta Braves by 1.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 319,298 shares of the financial services provider’s stock worth $12,216,000 after acquiring an additional 3,874 shares during the period. Finally, Miracle Mile Advisors LLC bought a new position in shares of Atlanta Braves in the fourth quarter worth about $6,736,000. Hedge funds and other institutional investors own 64.88% of the company’s stock.

Atlanta Braves Trading Down 1.2 %

Shares of Atlanta Braves stock opened at $39.38 on Friday. Atlanta Braves Holdings, Inc. has a 12 month low of $35.81 and a 12 month high of $44.43. The stock has a 50 day moving average of $39.11 and a 200 day moving average of $39.56. The firm has a market cap of $2.02 billion, a PE 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 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. As a group, equities research analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, major shareholder John C. Malone bought 5,094 shares of the company’s stock in a transaction on Monday, January 27th. The shares were acquired at an average price of $41.94 per share, with a total value of $213,642.36. Following the transaction, the insider now owns 169,522 shares of the company’s stock, valued at $7,109,752.68. The trade was a 3.10 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have bought a total of 47,692 shares of company stock valued at $1,980,287 over the last quarter. 11.43% of the stock is owned by corporate insiders.

About Atlanta Braves

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.