OFI Invest Asset Management Makes New $157,000 Investment in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

OFI Invest Asset Management purchased a new position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 4,240 shares of the financial services provider’s stock, valued at approximately $157,000.

Several other hedge funds have also bought and sold shares of BATRK. Harvey Partners LLC increased its holdings in shares of Atlanta Braves by 14.6% in the 3rd quarter. Harvey Partners LLC now owns 507,000 shares of the financial services provider’s stock worth $20,179,000 after buying an additional 64,500 shares during the last quarter. HBK Investments L P increased its holdings in shares of Atlanta Braves by 57.0% in the 3rd quarter. HBK Investments L P now owns 480,000 shares of the financial services provider’s stock worth $19,104,000 after buying an additional 174,300 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of Atlanta Braves by 0.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 433,466 shares of the financial services provider’s stock worth $16,584,000 after buying an additional 4,072 shares during the last quarter. Harbor Capital Advisors Inc. increased its holdings in shares of Atlanta Braves by 1.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 319,298 shares of the financial services provider’s stock worth $12,216,000 after buying an additional 3,874 shares during the last quarter. Finally, Miracle Mile Advisors LLC bought a new stake in shares of Atlanta Braves in the 4th quarter worth about $6,736,000. Hedge funds and other institutional investors own 64.88% of the company’s stock.

Atlanta Braves Trading Down 1.2 %

Shares of NASDAQ:BATRK opened at $39.48 on Tuesday. The company has a market capitalization of $2.02 billion, a price-to-earnings ratio of -54.08 and a beta of 0.65. Atlanta Braves Holdings, Inc. has a 12 month low of $35.81 and a 12 month high of $44.42. The firm’s 50-day moving average is $38.78 and its 200 day moving average is $39.79.

Atlanta Braves (NASDAQ:BATRK) last issued its quarterly earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) EPS for the quarter, beating the consensus estimate of ($0.69) by $0.38. The firm had revenue of $52.12 million for the quarter, compared to the consensus estimate of $48.20 million. As a group, equities analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.

Analyst Ratings Changes

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

Insider Activity at Atlanta Braves

In related news, major shareholder John C. Malone bought 15,192 shares of the company’s stock in a transaction on Wednesday, January 22nd. The shares were acquired at an average cost of $40.62 per share, for a total transaction of $617,099.04. Following the purchase, the insider now directly owns 146,020 shares of the company’s stock, valued at approximately $5,931,332.40. The trade was 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 link. In the last ninety days, insiders have bought 44,932 shares of company stock worth $1,864,395. Insiders own 11.43% of the company’s stock.

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.