Charles Schwab Investment Management Inc. Grows Position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Charles Schwab Investment Management Inc. lifted its position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 0.9% during the 4th quarter, Holdings Channel reports. The firm owned 433,466 shares of the financial services provider’s stock after acquiring an additional 4,072 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Atlanta Braves were worth $16,584,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in BATRK. R Squared Ltd purchased a new stake in Atlanta Braves in the 4th quarter worth approximately $41,000. US Bancorp DE raised its holdings in shares of Atlanta Braves by 17.7% during the fourth 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 lifted its stake in Atlanta Braves by 28,820.0% in the third quarter. Quest Partners LLC now owns 4,338 shares of the financial services provider’s stock worth $173,000 after acquiring an additional 4,323 shares during the period. ABC Arbitrage SA bought a new stake in Atlanta Braves in the fourth quarter valued at $204,000. Finally, Quantinno Capital Management LP purchased a new position in Atlanta Braves during the 3rd quarter valued at $205,000. 64.88% of the stock is owned by hedge funds and other institutional investors.

Atlanta Braves Stock Performance

Atlanta Braves stock opened at $39.85 on Friday. Atlanta Braves Holdings, Inc. has a fifty-two week low of $35.81 and a fifty-two week high of $44.43. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of -54.59 and a beta of 0.65. The stock’s 50 day simple moving average is $39.04 and its two-hundred day simple moving average is $39.60.

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

Insider Activity

In other news, major shareholder John C. Malone acquired 2,760 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average cost of $41.99 per share, for a total transaction of $115,892.40. Following the acquisition, the insider now directly owns 214,118 shares in the company, valued at approximately $8,990,814.82. The trade was a 1.31 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders acquired 47,692 shares of company stock worth $1,980,287. Insiders own 11.43% of the company’s stock.

Analyst Ratings Changes

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

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.