US Bancorp DE Buys 430 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

US Bancorp DE increased its holdings in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 17.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,862 shares of the financial services provider’s stock after purchasing an additional 430 shares during the period. US Bancorp DE’s holdings in Atlanta Braves were worth $110,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Barclays PLC lifted its holdings in shares of Atlanta Braves by 160.3% during the 3rd quarter. Barclays PLC now owns 82,330 shares of the financial services provider’s stock valued at $3,276,000 after purchasing an additional 50,702 shares in the last quarter. Harvey Partners LLC lifted its holdings in shares of Atlanta Braves by 14.6% during the 3rd 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 in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of Atlanta Braves by 123.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 167,273 shares of the financial services provider’s stock valued at $6,657,000 after purchasing an additional 92,248 shares in the last quarter. HBK Investments L P lifted its holdings in shares of Atlanta Braves by 57.0% during the 3rd quarter. HBK Investments L P now owns 480,000 shares of the financial services provider’s stock valued at $19,104,000 after purchasing an additional 174,300 shares in the last quarter. Finally, Miracle Mile Advisors LLC bought a new stake in Atlanta Braves in the 4th quarter valued at approximately $6,736,000. Institutional investors own 64.88% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In related news, major shareholder John C. Malone purchased 2,760 shares of the stock in a transaction on Wednesday, March 12th. The shares were purchased at an average price of $41.99 per share, with a total value of $115,892.40. Following the transaction, the insider now directly owns 214,118 shares of the company’s stock, valued at $8,990,814.82. This trade represents a 1.31 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have purchased 47,692 shares of company stock valued at $1,980,287 in the last 90 days. 11.43% of the stock is currently owned by insiders.

Atlanta Braves Stock Performance

NASDAQ BATRK opened at $38.48 on Monday. The stock has a market capitalization of $1.97 billion, a price-to-earnings ratio of -52.71 and a beta of 0.65. The stock’s 50 day moving average price is $38.84 and its two-hundred day moving average price is $39.65. Atlanta Braves Holdings, Inc. has a 52 week low of $35.81 and a 52 week high of $44.42.

Atlanta Braves (NASDAQ:BATRK) last released its earnings results 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 during the quarter, compared to the consensus estimate of $48.20 million. On average, equities research analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current 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.