Foundations Investment Advisors LLC Raises Stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Foundations Investment Advisors LLC increased its stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 12.0% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 6,008 shares of the financial services provider’s stock after buying an additional 645 shares during the quarter. Foundations Investment Advisors LLC’s holdings in Atlanta Braves were worth $230,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in BATRK. Sheets Smith Wealth Management increased its position in Atlanta Braves by 3.8% in the fourth quarter. Sheets Smith Wealth Management now owns 18,936 shares of the financial services provider’s stock worth $724,000 after buying an additional 700 shares during the last quarter. MassMutual Private Wealth & Trust FSB increased its holdings in Atlanta Braves by 17,744.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 10,885 shares of the financial services provider’s stock worth $416,000 after acquiring an additional 10,824 shares during the last quarter. Diversify Advisory Services LLC increased its holdings in Atlanta Braves by 3.1% in the 4th quarter. Diversify Advisory Services LLC now owns 15,526 shares of the financial services provider’s stock worth $560,000 after acquiring an additional 474 shares during the last quarter. Miracle Mile Advisors LLC bought a new stake in Atlanta Braves in the 4th quarter valued at about $6,736,000. Finally, Harbor Capital Advisors Inc. lifted its holdings in Atlanta Braves by 1.2% during the fourth quarter. Harbor Capital Advisors Inc. now owns 319,298 shares of the financial services provider’s stock valued at $12,216,000 after purchasing an additional 3,874 shares during the last quarter. Institutional investors own 64.88% of the company’s stock.

Insider Activity

In other news, major shareholder John C. Malone acquired 15,192 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The stock was bought at an average cost of $40.62 per share, for a total transaction of $617,099.04. Following the completion of the transaction, the insider now owns 146,020 shares of the company’s stock, valued at $5,931,332.40. The trade was a 11.61 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last three months, insiders purchased 45,232 shares of company stock worth $1,876,845. 11.43% of the stock is owned by corporate insiders.

Atlanta Braves Stock Up 0.1 %

BATRK opened at $38.75 on Friday. The firm has a 50-day moving average price of $38.59 and a 200-day moving average price of $40.34. Atlanta Braves Holdings, Inc. has a twelve month low of $35.81 and a twelve month high of $44.42. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of -53.08 and a beta of 0.72.

Atlanta Braves (NASDAQ:BATRK) last released its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by ($0.34). The company had revenue of $290.67 million for the quarter, compared to analyst estimates of $301.09 million. During the same period last year, the company earned ($0.10) EPS. On average, sell-side analysts expect 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.