Canada Pension Plan Investment Board Makes New $1.12 Million Investment in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Canada Pension Plan Investment Board bought a new stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 29,300 shares of the financial services provider’s stock, valued at approximately $1,121,000.

Other large investors have also made changes to their positions in the company. GABELLI & Co INVESTMENT ADVISERS INC. grew its stake in Atlanta Braves by 20.0% during the fourth quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 157,806 shares of the financial services provider’s stock worth $6,038,000 after buying an additional 26,290 shares during the last quarter. Gamco Investors INC. ET AL boosted its holdings in shares of Atlanta Braves by 1.5% in the 4th quarter. Gamco Investors INC. ET AL now owns 1,457,676 shares of the financial services provider’s stock worth $55,771,000 after acquiring an additional 21,659 shares in the last quarter. Keeley Teton Advisors LLC grew its position in Atlanta Braves by 17.3% during the 4th quarter. Keeley Teton Advisors LLC now owns 76,975 shares of the financial services provider’s stock worth $2,945,000 after acquiring an additional 11,370 shares during the last quarter. Gabelli Funds LLC grew its position in Atlanta Braves by 0.5% during the 4th quarter. Gabelli Funds LLC now owns 1,420,494 shares of the financial services provider’s stock worth $54,348,000 after acquiring an additional 6,375 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in Atlanta Braves in the 4th quarter valued at $298,000. Institutional investors own 64.88% of the company’s stock.

Insider Transactions at Atlanta Braves

In other Atlanta Braves news, major shareholder John C. Malone bought 8,371 shares of Atlanta Braves stock in a transaction dated Monday, April 21st. The shares were bought at an average price of $41.94 per share, with a total value of $351,079.74. Following the purchase, the insider now owns 371,707 shares of the company’s stock, valued at $15,589,391.58. This trade represents a 2.30 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders bought a total of 152,372 shares of company stock worth $6,320,018 over the last 90 days. 11.43% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

Atlanta Braves Trading Up 1.0 %

Shares of NASDAQ BATRK opened at $39.30 on Friday. Atlanta Braves Holdings, Inc. has a 1-year low of $35.46 and a 1-year high of $44.43. The company has a 50-day moving average of $39.07 and a two-hundred day moving average of $39.24. The company has a market cap of $2.01 billion, a PE ratio of -53.84 and a beta of 0.56.

Atlanta Braves (NASDAQ:BATRK) last posted its quarterly earnings data 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 company had revenue of $52.12 million during the quarter, compared to the consensus estimate of $48.20 million. As a group, equities research analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current year.

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.