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

PNC Financial Services Group Inc. boosted its stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 157.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 1,495 shares of the financial services provider’s stock after acquiring an additional 914 shares during the period. PNC Financial Services Group Inc.’s holdings in Atlanta Braves were worth $61,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of BATRA. Cutter & CO Brokerage Inc. acquired a new position in Atlanta Braves in the 4th quarter worth $390,000. Barclays PLC lifted its position in Atlanta Braves by 376.1% in the third quarter. Barclays PLC now owns 16,172 shares of the financial services provider’s stock worth $681,000 after purchasing an additional 12,775 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Atlanta Braves in the 4th quarter worth approximately $901,000. Geode Capital Management LLC grew its holdings in shares of Atlanta Braves by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 280,331 shares of the financial services provider’s stock worth $11,817,000 after acquiring an additional 3,798 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Atlanta Braves by 24.9% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,411 shares of the financial services provider’s stock valued at $650,000 after buying an additional 3,074 shares in the last quarter. 12.31% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Atlanta Braves

In other news, major shareholder John C. Malone purchased 5,094 shares of Atlanta Braves stock in a transaction 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 directly owns 169,522 shares in the company, valued at approximately $7,109,752.68. This represents a 3.10 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have acquired 47,692 shares of company stock valued at $1,980,287 in the last 90 days. 4.83% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Separately, Benchmark reiterated a “buy” rating and issued a $60.00 target price on shares of Atlanta Braves in a research report on Thursday, February 27th.

Atlanta Braves Stock Performance

Shares of BATRA opened at $44.09 on Thursday. The company’s fifty day moving average is $42.91 and its 200-day moving average is $42.32. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.12. Atlanta Braves Holdings, Inc. has a 12 month low of $38.90 and a 12 month high of $46.65. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of -60.40 and a beta of 0.73.

Atlanta Braves (NASDAQ:BATRA) last released its earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.78) by $0.47. Atlanta Braves had a negative return on equity of 8.48% and a negative net margin of 6.56%. The firm had revenue of $52.12 million for the quarter, compared to analyst estimates of $48.20 million. Equities analysts expect that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current fiscal year.

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.