Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) shares sold by Vanguard Group Inc.

Vanguard Group Inc. reduced its holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK – Free Report) by 2.3% during the 4th quarter, according to the company in its latest Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,289,399 shares of the financial services provider after selling 54,580 shares during the period. Vanguard Group Inc. owned about 3.70% of Atlanta Braves, worth $90,614,000, as of its latest filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently purchased and sold shares of the company. Moran Wealth Management LLC increased its holdings in the Atlanta Braves by 4.7% in the 4th quarter. Moran Wealth Management LLC now owns 6,394 shares of the financial services provider’s stock valued at $253,000 after purchasing an additional 287 shares in the last quarter. Third Avenue Management LLC increased its holdings in shares of Atlanta Braves by 1.2% in the fourth quarter. Third Avenue Management LLC now owns 26,000 shares of the financial services provider’s stock valued at $1,029,000 after purchasing an additional 300 shares during the period. Dfpg Investments LLC increased its position in Atlanta Braves by 4.4% during the fourth quarter. Dfpg Investments LLC now owns 10,435 shares of the financial services provider’s stock worth $402,000 after purchasing an additional 441 shares in the last quarter. Brown Brothers Harriman & Co. increased its holdings of shares of Atlanta Braves by 31.2% during the 4th quarter. Brown Brothers Harriman & Co. now owns 2,452 shares of the financial services provider’s stock worth $97,000 after purchasing an additional 583 shares in the last quarter. Finally, Sheets Smith Wealth Management increased its position in Atlanta Braves by 5.2% in the fourth quarter. Sheets Smith Wealth Management now owns 18,345 shares of the financial services provider’s stock worth $726,000 after purchasing an additional 900 shares during the period. 64.88% of the shares are currently held by institutional investors and hedge funds.

Analysts set new price targets

Separately, TheStreet downgraded the Atlanta Braves from a “c-” to a “d+” in a research report on Tuesday, March 19th. One analyst has given the stock a sell rating, one a hold rating, and two a buy rating. Based on data from MarketBeat.com, the company currently has an average rating of “hold” and an average price target of $45.00.

Get our latest research report on BATRK

Insiders place their bets

In other Atlanta Braves news, major shareholder Associated Capital Group, Inc. purchased 2,000 shares of Atlanta Braves stock in a transaction on Monday, June 24th. The shares were purchased at an average cost of $39.96 per share, for a total transaction of $79,920.00. Following the acquisition, the insider now directly owns 7,550 shares of the company’s stock, valued at $301,698. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 ninety days.

Atlanta Braves stock performance

NASDAQ BATRK opened at $40.14 on Monday. The company has a market cap of $2.03 billion and a price-to-earnings ratio of -20.07. The company has a 50-day simple moving average of $39.11 and a 200-day simple moving average of $39.16. Atlanta Braves Holdings, Inc. has a one-year low of $33.95 and a one-year high of $50.15.

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

Atlanta Braves Company Profile

(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.

Learn more

Want to see what other hedge funds own 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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