Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Shares Acquired by VELA Investment Management LLC

VELA Investment Management LLC raised its position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 18.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 76,048 shares of the financial services provider’s stock after buying an additional 11,670 shares during the quarter. Atlanta Braves comprises 0.8% of VELA Investment Management LLC’s portfolio, making the stock its 28th largest position. VELA Investment Management LLC owned approximately 0.15% of Atlanta Braves worth $2,910,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of BATRK. Proficio Capital Partners LLC bought a new stake in Atlanta Braves during the fourth quarter valued at $821,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Atlanta Braves during the 4th quarter valued at about $211,000. Truist Financial Corp raised its stake in Atlanta Braves by 5.2% during the fourth quarter. Truist Financial Corp now owns 10,892 shares of the financial services provider’s stock worth $417,000 after acquiring an additional 535 shares during the period. State of New Jersey Common Pension Fund D lifted its holdings in Atlanta Braves by 12.7% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 52,050 shares of the financial services provider’s stock worth $1,991,000 after acquiring an additional 5,877 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in Atlanta Braves by 16.8% in the fourth quarter. Rhumbline Advisers now owns 80,240 shares of the financial services provider’s stock valued at $3,070,000 after acquiring an additional 11,554 shares during the period. Institutional investors and hedge funds own 64.88% of the company’s stock.

Atlanta Braves Trading Up 0.4 %

NASDAQ:BATRK opened at $39.47 on Friday. The stock has a 50 day moving average of $38.51 and a 200-day moving average of $39.94. The firm has a market capitalization of $2.01 billion, a PE ratio of -54.07 and a beta of 0.73. 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 issued its quarterly earnings data on Wednesday, February 26th. The financial services provider reported ($0.31) EPS for the quarter, topping analysts’ consensus estimates of ($0.69) by $0.38. The company had revenue of $52.12 million for the quarter, compared to the consensus estimate of $48.20 million. As a group, analysts predict that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.

Insider Transactions at Atlanta Braves

In other Atlanta Braves news, major shareholder John C. Malone bought 24,646 shares of the stock in a transaction that occurred on Wednesday, January 29th. The shares were purchased at an average cost of $41.94 per share, for a total transaction of $1,033,653.24. Following the transaction, the insider now directly owns 211,358 shares in the company, valued at $8,864,354.52. The trade was a 13.20 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders bought 44,932 shares of company stock worth $1,864,395.

Atlanta Braves Company 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.