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

Delphi Management Inc. MA increased its stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 12.4% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 40,091 shares of the financial services provider’s stock after acquiring an additional 4,430 shares during the period. Atlanta Braves accounts for about 1.5% of Delphi Management Inc. MA’s holdings, making the stock its 21st largest position. Delphi Management Inc. MA’s holdings in Atlanta Braves were worth $1,534,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in BATRK. Miracle Mile Advisors LLC acquired a new position in shares of Atlanta Braves during the 4th quarter valued at about $6,736,000. HBK Investments L P increased its holdings in shares of Atlanta Braves by 57.0% during the 3rd quarter. HBK Investments L P now owns 480,000 shares of the financial services provider’s stock valued at $19,104,000 after acquiring an additional 174,300 shares during the last quarter. Thompson Siegel & Walmsley LLC grew its holdings in Atlanta Braves by 85.5% in the 4th 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 last quarter. JPMorgan Chase & Co. grew its holdings in Atlanta Braves by 123.0% in the 3rd 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 last quarter. Finally, Raymond James Financial Inc. acquired a new stake in Atlanta Braves in the 4th quarter valued at approximately $3,324,000. Institutional investors and hedge funds own 64.88% of the company’s stock.

Insider Transactions at Atlanta Braves

In other news, major shareholder John C. Malone acquired 2,760 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The shares were bought at an average price of $41.99 per share, with a total value of $115,892.40. Following the acquisition, the insider now owns 214,118 shares of the company’s stock, valued at $8,990,814.82. This trade represents a 1.31 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders have bought 47,692 shares of company stock valued at $1,980,287. 11.43% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

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

Atlanta Braves Stock Up 1.3 %

BATRK opened at $38.98 on Tuesday. The firm has a market capitalization of $2.00 billion, a P/E ratio of -53.40 and a beta of 0.65. The stock’s 50 day moving average price is $38.87 and its two-hundred day moving average price is $39.62. Atlanta Braves Holdings, Inc. has a 12-month low of $35.81 and a 12-month high of $44.43.

Atlanta Braves (NASDAQ:BATRK) last released its earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.69) by $0.38. The business had revenue of $52.12 million during the quarter, compared to analyst estimates of $48.20 million. As a group, analysts anticipate 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.