Raymond James Financial Inc. Invests $3.32 Million in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Raymond James Financial Inc. acquired a new stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 86,878 shares of the financial services provider’s stock, valued at approximately $3,324,000.

Other hedge funds have also added to or reduced their stakes in the company. R Squared Ltd acquired a new position in shares of Atlanta Braves in the fourth quarter valued at approximately $41,000. US Bancorp DE lifted its position in Atlanta Braves by 17.7% in the 4th quarter. US Bancorp DE now owns 2,862 shares of the financial services provider’s stock valued at $110,000 after acquiring an additional 430 shares in the last quarter. Quest Partners LLC boosted its stake in Atlanta Braves by 28,820.0% in the 3rd quarter. Quest Partners LLC now owns 4,338 shares of the financial services provider’s stock worth $173,000 after purchasing an additional 4,323 shares during the period. ABC Arbitrage SA bought a new position in Atlanta Braves during the 4th quarter worth about $204,000. Finally, Quantinno Capital Management LP acquired a new stake in shares of Atlanta Braves in the 3rd quarter valued at about $205,000. Institutional investors and hedge funds own 64.88% of the company’s stock.

Analysts Set New Price Targets

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

Insider Activity at Atlanta Braves

In other news, major shareholder John C. Malone purchased 2,760 shares of the business’s stock in a transaction on Wednesday, March 12th. The stock was purchased at an average price of $41.99 per share, for a total transaction of $115,892.40. Following the completion of the purchase, the insider now directly owns 214,118 shares in the company, valued at $8,990,814.82. The trade was a 1.31 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders have purchased 47,692 shares of company stock valued at $1,980,287. 11.43% of the stock is owned by insiders.

Atlanta Braves Stock Up 1.5 %

Shares of BATRK stock opened at $40.71 on Friday. Atlanta Braves Holdings, Inc. has a 12 month low of $35.81 and a 12 month high of $44.43. The company’s fifty day simple moving average is $39.37 and its 200-day simple moving average is $39.54. The firm has a market cap of $2.09 billion, a PE ratio of -55.77 and a beta of 0.65.

Atlanta Braves (NASDAQ:BATRK) last issued its quarterly earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) EPS for the quarter, topping the consensus estimate of ($0.69) by $0.38. The business had revenue of $52.12 million for the quarter, compared to the consensus estimate of $48.20 million. On average, equities analysts predict that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share 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.