Rangeley Capital LLC Takes $383,000 Position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Rangeley Capital LLC purchased a new position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,000 shares of the financial services provider’s stock, valued at approximately $383,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in BATRK. R Squared Ltd purchased a new position in shares of Atlanta Braves in the fourth quarter worth $41,000. PNC Financial Services Group Inc. boosted its holdings in shares of Atlanta Braves by 25.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,265 shares of the financial services provider’s stock valued at $87,000 after acquiring an additional 463 shares during the last quarter. US Bancorp DE boosted its holdings in shares of Atlanta Braves by 17.7% during the 4th quarter. US Bancorp DE now owns 2,862 shares of the financial services provider’s stock valued at $110,000 after acquiring an additional 430 shares during the last quarter. OFI Invest Asset Management bought a new stake in Atlanta Braves in the 4th quarter worth approximately $157,000. Finally, ABC Arbitrage SA purchased a new stake in Atlanta Braves during the 4th quarter valued at $204,000. Institutional investors own 64.88% of the company’s stock.

Atlanta Braves Trading Up 1.2 %

Shares of NASDAQ:BATRK opened at $40.32 on Thursday. Atlanta Braves Holdings, Inc. has a 12-month low of $35.81 and a 12-month high of $44.43. The company has a market cap of $2.07 billion, a PE ratio of -55.23 and a beta of 0.65. The stock has a 50 day moving average of $39.55 and a 200 day moving average of $39.52.

Atlanta Braves (NASDAQ:BATRK) last issued its earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.69) by $0.38. The business had revenue of $52.12 million for the quarter, compared to the consensus estimate of $48.20 million. Equities research analysts predict 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 purchased 2,760 shares of Atlanta Braves stock in a transaction that occurred on Wednesday, March 12th. The shares were bought at an average price of $41.99 per share, for a total transaction of $115,892.40. Following the completion of the transaction, the insider now owns 214,118 shares of the company’s stock, valued at approximately $8,990,814.82. This trade represents a 1.31 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Over the last three months, insiders have bought 47,692 shares of company stock worth $1,980,287. Corporate insiders own 11.43% of the company’s stock.

Analyst Ratings Changes

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

About Atlanta Braves

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.