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

VELA Investment Management LLC increased its stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 18.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,048 shares of the financial services provider’s stock after acquiring an additional 11,670 shares during the period. Atlanta Braves makes up approximately 0.8% of VELA Investment Management LLC’s investment portfolio, making the stock its 28th biggest position. VELA Investment Management LLC’s holdings in Atlanta Braves were worth $2,910,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Harvey Partners LLC grew its holdings in Atlanta Braves by 14.6% during the third quarter. Harvey Partners LLC now owns 507,000 shares of the financial services provider’s stock worth $20,179,000 after acquiring an additional 64,500 shares during the period. HBK Investments L P grew its stake 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 purchasing an additional 174,300 shares during the last quarter. Harbor Capital Advisors Inc. grew its stake 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 purchasing an additional 3,874 shares during the last quarter. Miracle Mile Advisors LLC bought a new stake in shares of Atlanta Braves in the 4th quarter worth approximately $6,736,000. Finally, JPMorgan Chase & Co. lifted its stake 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 purchasing an additional 92,248 shares during the last quarter. Institutional investors and hedge funds own 64.88% of the company’s stock.

Insider Activity at Atlanta Braves

In other news, major shareholder John C. Malone purchased 24,646 shares of the business’s stock in a transaction dated Wednesday, January 29th. The shares were acquired at an average price of $41.94 per share, for a total transaction of $1,033,653.24. Following the completion of the acquisition, the insider now directly owns 211,358 shares of the company’s stock, valued at $8,864,354.52. The trade was a 13.20 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders purchased 44,932 shares of company stock worth $1,864,395 in the last quarter.

Atlanta Braves Stock Performance

Shares of NASDAQ:BATRK opened at $39.47 on Friday. The stock has a market capitalization of $2.01 billion, a price-to-earnings ratio of -54.07 and a beta of 0.73. Atlanta Braves Holdings, Inc. has a 1-year low of $35.81 and a 1-year high of $44.42. The company has a 50 day moving average price of $38.51 and a 200 day moving average price of $39.94.

Atlanta Braves (NASDAQ:BATRK) last released 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 for the quarter, compared to the consensus estimate of $48.20 million. On average, sell-side analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal 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.