Troluce Capital Advisors LLC Makes New $10.75 Million Investment in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Troluce Capital Advisors 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 & Exchange Commission. The fund purchased 281,000 shares of the financial services provider’s stock, valued at approximately $10,751,000. Atlanta Braves comprises 0.4% of Troluce Capital Advisors LLC’s holdings, making the stock its 3rd biggest holding. Troluce Capital Advisors LLC owned 0.55% of Atlanta Braves as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in BATRK. Federated Hermes Inc. purchased a new position in shares of Atlanta Braves during the 4th quarter valued at $40,000. R Squared Ltd purchased a new position in shares of Atlanta Braves during the 4th quarter valued at $41,000. PNC Financial Services Group Inc. grew 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 in the last quarter. US Bancorp DE grew 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 in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Atlanta Braves by 687.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,463 shares of the financial services provider’s stock valued at $132,000 after acquiring an additional 3,023 shares in the last quarter. Institutional investors and hedge funds own 64.88% 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 note on Friday, February 28th.

Atlanta Braves Stock Performance

NASDAQ:BATRK opened at $41.32 on Friday. The firm’s 50-day moving average is $39.26 and its 200-day moving average is $39.27. Atlanta Braves Holdings, Inc. has a 52-week low of $35.46 and a 52-week high of $44.43. The company has a market cap of $2.12 billion, a price-to-earnings ratio of -56.60 and a beta of 0.56.

Atlanta Braves (NASDAQ:BATRK) last posted its earnings results on Monday, May 12th. The financial services provider reported ($0.66) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.94) by $0.28. The business had revenue of $47.21 million during the quarter, compared to the consensus estimate of $36.87 million. Equities analysts predict that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.

Insider Activity at Atlanta Braves

In related news, major shareholder John C. Malone bought 38,452 shares of the business’s stock in a transaction dated Tuesday, April 8th. The stock was bought at an average price of $40.28 per share, for a total transaction of $1,548,846.56. Following the purchase, the insider now owns 254,428 shares in the company, valued at $10,248,359.84. This represents a 17.80% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Deretta C. Rhodes sold 767 shares of Atlanta Braves stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $40.97, for a total transaction of $31,423.99. Following the completion of the sale, the executive vice president now owns 3,112 shares of the company’s stock, valued at $127,498.64. This trade represents a 19.77% decrease in their position. The disclosure for this sale can be found here. Insiders have acquired 122,632 shares of company stock worth $5,072,723 over the last ninety days. Company insiders own 11.43% of the company’s stock.

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.