Rangeley Capital LLC Purchases New Shares in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Rangeley Capital LLC acquired a new position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) in the 4th quarter, Holdings Channel.com reports. The fund acquired 10,000 shares of the financial services provider’s stock, valued at approximately $383,000.

A number of other hedge funds have also bought and sold shares of BATRK. Wellington Management Group LLP lifted its stake in shares of Atlanta Braves by 3.1% during the 4th quarter. Wellington Management Group LLP now owns 654,762 shares of the financial services provider’s stock worth $25,051,000 after acquiring an additional 19,718 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Atlanta Braves by 49.5% during the fourth quarter. JPMorgan Chase & Co. now owns 250,042 shares of the financial services provider’s stock valued at $9,567,000 after purchasing an additional 82,769 shares during the period. Aire Advisors LLC purchased a new stake in shares of Atlanta Braves during the fourth quarter valued at $257,000. LPL Financial LLC grew its holdings in shares of Atlanta Braves by 4.1% in the fourth quarter. LPL Financial LLC now owns 7,580 shares of the financial services provider’s stock worth $290,000 after purchasing an additional 302 shares during the last quarter. Finally, KLP Kapitalforvaltning AS purchased a new position in Atlanta Braves in the 4th quarter worth about $337,000. Institutional investors own 64.88% of the company’s stock.

Atlanta Braves Price Performance

BATRK stock opened at $40.32 on Thursday. Atlanta Braves Holdings, Inc. has a 1-year low of $35.81 and a 1-year high of $44.43. The business has a 50-day moving average price of $39.55 and a 200 day moving average price of $39.52. The company has a market capitalization of $2.07 billion, a P/E ratio of -55.23 and a beta of 0.65.

Atlanta Braves (NASDAQ:BATRK) last announced its quarterly 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 business had revenue of $52.12 million during the quarter, compared to analysts’ expectations of $48.20 million. On average, analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Atlanta Braves news, major shareholder John C. Malone acquired 2,760 shares of the firm’s stock in a transaction dated Wednesday, March 12th. The stock was purchased at an average price of $41.99 per share, for a total transaction of $115,892.40. Following the acquisition, the insider now owns 214,118 shares in the company, valued at approximately $8,990,814.82. This trade represents a 1.31 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders purchased 47,692 shares of company stock worth $1,980,287 in the last three months. 11.43% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

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

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.