Orion Portfolio Solutions LLC Sells 3,102 Shares of Atlanta Braves Holdings, Inc. (NASDAQ: BATRK)

Orion Portfolio Solutions LLC reduced its stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ: BATRK – Free Report) by 6.0% during the 4th quarter, according to the company in its latest 13F filing with Securities and Exchange Commission (SEC). ). The fund held 48,927 shares of the financial services provider after selling 3,102 shares during the quarter. Orion Portfolio Solutions LLC owned approximately 0.08% of the Atlanta Braves worth $1,965,000 in its last filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also recently changed their positions in BATRK. Sequoia Financial Advisors LLC purchased a new position in shares of the Atlanta Braves during the fourth quarter worth $954,000. Schwartz Investment Counsel Inc. purchased a new stake in Atlanta Braves in the fourth quarter worth $4,691,000. Sage Investment Advisers LLC purchased a new stake in Atlanta Braves in the fourth quarter worth $337,000. Charles Schwab Investment Management Inc. increased its position in the Atlanta Braves by 43.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 401,131 shares of the financial services provider’s stock worth $14,332,000 after purchasing an additional 121,776 shares during the last quarter. Finally, Vanguard Group Inc. increased its position in the Atlanta Braves by 20.3% during the third quarter. Vanguard Group Inc. now owns 2,343,979 shares of the financial services provider’s stock worth $83,750,000 after purchasing an additional 396,079 shares during the last quarter. 64.88% of the stock is currently held by institutional investors.

Stock performance of the Atlanta Braves

BATRK shares opened at $39.09 on Friday. The stock has a 50 day simple moving average of $38.59 and a 200 day simple moving average of $38.60. The stock has a market cap of $1.98 billion and a PE ratio of -19.55. Atlanta Braves Holdings, Inc. has a one-year low of $33.95 and a one-year high of $50.15.

The Atlanta Braves (NASDAQ:BATRK – Get Free Report) last released their quarterly earnings results on Wednesday, May 8th. The financial services provider reported earnings per share of ($0.83) for the quarter, missing analysts’ consensus estimates of ($0.64) by ($0.19). The company had revenue of $37.08 million during the quarter, compared to the consensus estimate of $39.63 million. Analysts predict that Atlanta Braves Holdings, Inc. will post -0.46 EPS for the current year.

Analysts set new price targets

Separately, TheStreet lowered shares of the Atlanta Braves from a “c-” rating to a “d+” rating in a research note on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, another has a hold rating and two have given a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $45.00.

Check out our latest research report on BATRK

About the Atlanta Braves

(Free report)

Atlanta Braves Holdings, Inc owns and operates the Atlanta Braves major league baseball club. It also manages mixed-use development projects, including retail, office, hotel and entertainment projects. The company was incorporated in 2022 and is based in Englewood, Colorado.

Further reading

Want to see what other hedge funds hold BATRK? Visit HoldingsChannel.com to get the latest 13F filings and insider transactions for Atlanta Braves Holdings, Inc. (NASDAQ:BATRK – Free Report).

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