Greenland Capital Management LP Lowers Holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Greenland Capital Management LP trimmed its holdings in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) by 53.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,879 shares of the financial services provider's stock after selling 30,239 shares during the quarter. Greenland Capital Management LP owned approximately 0.05% of Atlanta Braves worth $990,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Federated Hermes Inc. purchased a new stake in shares of Atlanta Braves during the fourth quarter valued at about $40,000. R Squared Ltd purchased a new stake in Atlanta Braves during the fourth quarter valued at approximately $41,000. PNC Financial Services Group Inc. boosted its stake in Atlanta Braves by 25.7% in the fourth 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 Atlanta Braves by 17.7% in the fourth quarter. US Bancorp DE now owns 2,862 shares of the financial services provider's stock worth $110,000 after purchasing an additional 430 shares during the last quarter. Finally, OFI Invest Asset Management purchased a new position in Atlanta Braves in the fourth quarter worth $157,000. Institutional investors own 64.88% of the company's stock.

Wall Street Analyst Weigh In

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

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Insider Activity at Atlanta Braves

In other Atlanta Braves news, major shareholder John C. Malone acquired 2,760 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was acquired at an average cost of $41.99 per share, for a total transaction of $115,892.40. Following the purchase, the insider now owns 214,118 shares in the company, valued at approximately $8,990,814.82. The trade was a 1.31 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have bought a total of 86,144 shares of company stock valued at $3,529,134 in the last ninety days. Company insiders own 11.43% of the company's stock.

Atlanta Braves Stock Up 0.4 %

Shares of BATRK traded up $0.15 during mid-day trading on Friday, hitting $37.93. 325,580 shares of the company traded hands, compared to its average volume of 270,824. The company has a market capitalization of $1.94 billion, a PE ratio of -51.96 and a beta of 0.56. The business has a 50 day moving average of $39.32 and a 200 day moving average of $39.30. Atlanta Braves Holdings, Inc. has a 1-year low of $35.46 and a 1-year high of $44.43.

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 analysts' consensus estimates of ($0.69) by $0.38. The company had revenue of $52.12 million for the quarter, compared to analyst estimates of $48.20 million. As a group, research analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal 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.