Delphi Management Inc. MA Has $1.53 Million Stock Holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Delphi Management Inc. MA lifted its stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 12.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 40,091 shares of the financial services provider’s stock after purchasing an additional 4,430 shares during the period. Atlanta Braves makes up about 1.5% of Delphi Management Inc. MA’s holdings, making the stock its 21st biggest position. Delphi Management Inc. MA owned 0.08% of Atlanta Braves worth $1,534,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of BATRK. Miracle Mile Advisors LLC acquired a new stake in shares of Atlanta Braves during the fourth quarter worth $6,736,000. HBK Investments L P raised its position in Atlanta Braves by 57.0% during the third quarter. HBK Investments L P now owns 480,000 shares of the financial services provider’s stock valued at $19,104,000 after buying an additional 174,300 shares during the period. Thompson Siegel & Walmsley LLC raised its position in Atlanta Braves by 85.5% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 263,318 shares of the financial services provider’s stock valued at $10,075,000 after buying an additional 121,360 shares during the period. JPMorgan Chase & Co. raised its position in Atlanta Braves by 123.0% during the third quarter. JPMorgan Chase & Co. now owns 167,273 shares of the financial services provider’s stock valued at $6,657,000 after buying an additional 92,248 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in Atlanta Braves during the fourth quarter valued at $3,324,000. 64.88% of the stock is owned by institutional investors and hedge funds.

Atlanta Braves Trading Up 1.3 %

NASDAQ:BATRK opened at $38.98 on Tuesday. The firm has a market capitalization of $2.00 billion, a price-to-earnings ratio of -53.40 and a beta of 0.65. Atlanta Braves Holdings, Inc. has a 1-year low of $35.81 and a 1-year high of $44.43. The business’s fifty day moving average price is $38.87 and its 200 day moving average price is $39.62.

Atlanta Braves (NASDAQ:BATRK) last issued its earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share for the quarter, topping the consensus estimate of ($0.69) by $0.38. The firm had revenue of $52.12 million during the quarter, compared to analyst estimates of $48.20 million. Equities analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Atlanta Braves

In other news, major shareholder John C. Malone purchased 5,094 shares of the business’s stock in a transaction dated Monday, January 27th. The stock was bought at an average cost of $41.94 per share, with a total value of $213,642.36. Following the purchase, the insider now directly owns 169,522 shares of the company’s stock, valued at approximately $7,109,752.68. This trade represents a 3.10 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders bought 47,692 shares of company stock valued at $1,980,287 in the last three months. Corporate insiders own 11.43% of the company’s stock.

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.