State of New Jersey Common Pension Fund D Grows Stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

State of New Jersey Common Pension Fund D increased its holdings in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 12.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 52,050 shares of the financial services provider’s stock after acquiring an additional 5,877 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Atlanta Braves were worth $1,991,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Rhumbline Advisers grew its position in shares of Atlanta Braves by 16.8% during the fourth quarter. Rhumbline Advisers now owns 80,240 shares of the financial services provider’s stock worth $3,070,000 after purchasing an additional 11,554 shares in the last quarter. ABC Arbitrage SA purchased a new position in Atlanta Braves during the 4th quarter valued at approximately $204,000. Sumitomo Mitsui Trust Group Inc. grew its holdings in Atlanta Braves by 5.5% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 11,501 shares of the financial services provider’s stock valued at $440,000 after buying an additional 604 shares in the last quarter. R Squared Ltd purchased a new position in Atlanta Braves during the 4th quarter valued at approximately $41,000. Finally, Nilsine Partners LLC purchased a new position in Atlanta Braves during the 4th quarter valued at approximately $339,000. Hedge funds and other institutional investors own 64.88% of the company’s stock.

Insider Buying and Selling at Atlanta Braves

In related news, major shareholder John C. Malone acquired 24,646 shares of the stock in a transaction dated Wednesday, January 29th. The stock was acquired at an average cost of $41.94 per share, with a total value of $1,033,653.24. Following the purchase, the insider now directly owns 211,358 shares of the company’s stock, valued at approximately $8,864,354.52. This trade represents a 13.20 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders bought 44,932 shares of company stock worth $1,864,395 in the last quarter. 11.43% of the stock is owned by corporate insiders.

Atlanta Braves Price Performance

NASDAQ BATRK opened at $39.60 on Monday. The stock has a market capitalization of $2.01 billion, a PE ratio of -54.25 and a beta of 0.73. The business has a 50 day simple moving average of $38.49 and a two-hundred day simple moving average of $40.01. Atlanta Braves Holdings, Inc. has a 1-year low of $35.81 and a 1-year high of $44.42.

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.