Russell Investments Group Ltd. sells 369 shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Russell Investments Group Ltd. reduced its stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK – Free Report) by 0.8% in the first quarter, according to the company in its latest 13F filing with the Securities & Exchange Commission. The company owned 47,600 shares of the financial services provider after selling 369 shares during the quarter. Russell Investments Group Ltd. owned about 0.08% of Atlanta Braves, worth $1,859,000, in its latest filing with the Securities & Exchange Commission.

Other large investors also added to or reduced their holdings in the company. Broad Bay Capital Management LP increased its stake in Atlanta Braves by 17.4% in the 4th quarter. Broad Bay Capital Management LP now owns 2,023,789 shares of the financial services provider’s stock worth $80,102,000 after purchasing an additional 300,000 shares during the period. Sequoia Financial Advisors LLC purchased a new position in Atlanta Braves in the 4th quarter worth approximately $954,000. Freshford Capital Management LLC increased its stake in Atlanta Braves by 84.9% in the 4th quarter. Freshford Capital Management LLC now owns 762,359 shares of the financial services provider’s stock worth $30,174,000 after purchasing an additional 350,000 shares during the period. Schwartz Investment Counsel Inc. purchased a new stake in Atlanta Braves shares in the 4th quarter valued at approximately $4,691,000. Finally, Diversify Advisory Services LLC purchased a new stake in Atlanta Braves shares in the 1st quarter valued at approximately $763,000. Institutional investors hold 64.88% of the company’s shares.

Atlanta Braves shares rise 0.1%

NASDAQ:BATRK opened at $42.74 on Friday. The company’s 50-day price average is $40.24 and its 200-day price average is $39.47. Atlanta Braves Holdings, Inc. has a 12-month low of $33.95 and a 12-month high of $44.03. The stock has a market cap of $2.16 billion and a price-to-earnings ratio of -21.37.

The Atlanta Braves (NASDAQ:BATRK – Get Free Report) released its quarterly results on Wednesday, May 8th. The financial services provider reported earnings per share of $(0.83) for the quarter, which was $(0.19) below the consensus estimate of $(0.64). The company had revenue of $37.08 million for the quarter, compared to analysts’ expectations of $39.63 million. On average, equities research analysts expect Atlanta Braves Holdings, Inc. to post EPS of -0.46 for the current fiscal year.

Insider Buying and Selling at the Atlanta Braves

In other Atlanta Braves news, majority shareholder Associated Capital Group, Inc. purchased 2,000 shares of the company’s stock in a transaction on Monday, June 24th. The shares were purchased at an average price of $39.96 per share, for a total value of $79,920.00. Following the acquisition, the insider now directly owns 7,550 shares of the company’s stock, valued at approximately $301,698. The acquisition was disclosed in a legal filing with the SEC, which is available on the SEC’s website. Insiders have acquired a total of 3,000 shares of the company’s stock valued at $121,765 over the last 90 days. Company insiders own 11.43% of the company’s stock.

About the Atlanta Braves

(Free report)

Atlanta Braves Holdings, Inc. owns and operates the Atlanta Braves Major League Baseball team. It also operates mixed-use development projects, including retail, office, hospitality and entertainment projects. The company was incorporated in 2022 and is headquartered in Englewood, Colorado.

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