Envestnet Asset Management Inc. Grows Position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Envestnet Asset Management Inc. grew its holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 3.0% in the fourth quarter, Holdings Channel reports. The institutional investor owned 33,202 shares of the financial services provider’s stock after acquiring an additional 962 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Atlanta Braves were worth $1,270,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Wellington Management Group LLP increased its position in Atlanta Braves by 3.1% during the fourth quarter. Wellington Management Group LLP now owns 654,762 shares of the financial services provider’s stock worth $25,051,000 after purchasing an additional 19,718 shares during the last quarter. Breach Inlet Capital Management LLC lifted its stake in Atlanta Braves by 10.3% during the fourth quarter. Breach Inlet Capital Management LLC now owns 519,378 shares of the financial services provider’s stock worth $19,871,000 after purchasing an additional 48,414 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in 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 valued at $16,584,000 after acquiring an additional 4,072 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of Atlanta Braves by 1.2% during the fourth 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 in the last quarter. Finally, Thompson Siegel & Walmsley LLC boosted its stake in shares of Atlanta Braves by 85.5% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 263,318 shares of the financial services provider’s stock valued at $10,075,000 after purchasing an additional 121,360 shares during the period. 64.88% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, major shareholder John C. Malone purchased 8,371 shares of Atlanta Braves stock in a transaction that occurred on Monday, April 21st. The shares were purchased at an average cost of $41.94 per share, with a total value of $351,079.74. Following the transaction, the insider now owns 371,707 shares of the company’s stock, valued at approximately $15,589,391.58. The trade was a 2.30 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Over the last three months, insiders have purchased 122,632 shares of company stock valued at $5,072,723. Insiders own 11.43% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Atlanta Braves Trading Up 1.1 %

Atlanta Braves stock opened at $39.96 on Wednesday. Atlanta Braves Holdings, Inc. has a twelve month low of $35.46 and a twelve month high of $44.43. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of -54.74 and a beta of 0.56. The stock has a 50 day moving average of $39.03 and a two-hundred day moving average of $39.24.

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