John & Kathleen Schreiber Foundation Makes New Investment in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

John & Kathleen Schreiber Foundation acquired a new position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 7,353 shares of the financial services provider’s stock, valued at approximately $281,000. Atlanta Braves comprises about 0.2% of John & Kathleen Schreiber Foundation’s holdings, making the stock its 7th biggest holding.

Other hedge funds have also bought and sold shares of the company. R Squared Ltd purchased a new position in shares of Atlanta Braves in the fourth quarter valued at about $41,000. PNC Financial Services Group Inc. raised its position in shares of Atlanta Braves by 25.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,265 shares of the financial services provider’s stock valued at $87,000 after buying an additional 463 shares during the last quarter. US Bancorp DE boosted its position 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 worth $110,000 after acquiring an additional 430 shares during the last quarter. OFI Invest Asset Management bought a new position in shares of Atlanta Braves during the fourth quarter worth $157,000. Finally, Quest Partners LLC grew its stake in Atlanta Braves by 28,820.0% during the third quarter. Quest Partners LLC now owns 4,338 shares of the financial services provider’s stock valued at $173,000 after acquiring an additional 4,323 shares in the last quarter. Institutional investors own 64.88% of the company’s stock.

Insider Transactions at Atlanta Braves

In other news, major shareholder John C. Malone purchased 15,192 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was purchased at an average cost of $40.62 per share, with a total value of $617,099.04. Following the purchase, the insider now owns 146,020 shares in the company, valued at approximately $5,931,332.40. This trade represents a 11.61 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last 90 days, insiders purchased 47,692 shares of company stock worth $1,980,287. 11.43% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

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

Atlanta Braves Stock Performance

BATRK stock opened at $38.48 on Monday. Atlanta Braves Holdings, Inc. has a fifty-two week low of $35.81 and a fifty-two week high of $44.42. The firm has a fifty day moving average price of $38.84 and a 200 day moving average price of $39.65. The firm has a market cap of $1.97 billion, a PE ratio of -52.71 and a beta of 0.65.

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

Atlanta Braves Profile

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.