Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Position Lowered by Freshford Capital Management LLC

Freshford Capital Management LLC lowered its position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) by 4.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 774,416 shares of the financial services provider's stock after selling 40,283 shares during the period. Atlanta Braves accounts for approximately 8.4% of Freshford Capital Management LLC's portfolio, making the stock its 4th largest position. Freshford Capital Management LLC owned 1.52% of Atlanta Braves worth $29,629,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC raised its stake in Atlanta Braves by 160.3% during the 3rd quarter. Barclays PLC now owns 82,330 shares of the financial services provider's stock worth $3,276,000 after acquiring an additional 50,702 shares in the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Atlanta Braves during the third quarter worth about $507,000. JPMorgan Chase & Co. lifted its holdings in shares of Atlanta Braves by 123.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 167,273 shares of the financial services provider's stock valued at $6,657,000 after purchasing an additional 92,248 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in shares of Atlanta Braves by 1.2% in the 4th quarter. Harbor Capital Advisors Inc. now owns 319,298 shares of the financial services provider's stock valued at $12,216,000 after purchasing an additional 3,874 shares during the last quarter. Finally, Miracle Mile Advisors LLC acquired a new stake in shares of Atlanta Braves in the 4th quarter valued at about $6,736,000. Institutional investors and hedge funds own 64.88% of the company's stock.

Insider Activity

In other news, major shareholder John C. Malone purchased 2,760 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The stock was purchased at an average cost of $41.99 per share, with a total value of $115,892.40. Following the completion of the acquisition, the insider now directly owns 214,118 shares of the company's stock, valued at approximately $8,990,814.82. This trade represents a 1.31 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders have purchased 144,001 shares of company stock valued at $5,968,938. Company insiders own 11.43% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Atlanta Braves to a "sell" rating in a research note on Friday, February 28th.

Atlanta Braves Stock Performance

Shares of Atlanta Braves stock opened at $38.69 on Wednesday. The company has a market capitalization of $1.98 billion, a P/E ratio of -53.00 and a beta of 0.56. Atlanta Braves Holdings, Inc. has a 1 year low of $35.46 and a 1 year high of $44.43. The company's fifty day moving average is $39.10 and its two-hundred day moving average is $39.24.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share (EPS) for the quarter, beating the consensus estimate 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. As a group, equities analysts expect 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.

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.