Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Shares Sold by Highbridge Capital Management LLC

Highbridge Capital Management LLC lessened its holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) by 10.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 109,411 shares of the financial services provider's stock after selling 12,564 shares during the period. Highbridge Capital Management LLC owned about 0.22% of Atlanta Braves worth $4,186,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the business. Steward Partners Investment Advisory LLC boosted its stake in shares of Atlanta Braves by 3.5% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,875 shares of the financial services provider's stock worth $301,000 after acquiring an additional 266 shares during the last quarter. LPL Financial LLC boosted its stake in Atlanta Braves by 4.1% during the 4th quarter. LPL Financial LLC now owns 7,580 shares of the financial services provider's stock worth $290,000 after purchasing an additional 302 shares during the last quarter. US Bancorp DE grew its holdings in shares of Atlanta Braves by 17.7% during the fourth quarter. US Bancorp DE now owns 2,862 shares of the financial services provider's stock worth $110,000 after buying an additional 430 shares in the last quarter. FMR LLC raised its position in shares of Atlanta Braves by 2.1% in the third quarter. FMR LLC now owns 21,343 shares of the financial services provider's stock valued at $849,000 after buying an additional 444 shares during the last quarter. Finally, Quarry LP lifted its stake in shares of Atlanta Braves by 0.9% in the third quarter. Quarry LP now owns 51,562 shares of the financial services provider's stock worth $2,052,000 after buying an additional 456 shares in the last quarter. Hedge funds and other institutional investors own 64.88% of the company's stock.

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Analysts Set New Price Targets

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

Insider Activity at Atlanta Braves

In related news, major shareholder John C. Malone acquired 5,094 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was purchased at an average price of $41.94 per share, with a total value of $213,642.36. Following the transaction, the insider now owns 169,522 shares of the company's stock, valued at approximately $7,109,752.68. This trade represents a 3.10 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Over the last three months, insiders have acquired 47,692 shares of company stock worth $1,980,287. Insiders own 11.43% of the company's stock.

Atlanta Braves Stock Performance

Shares of BATRK stock traded down $0.15 on Tuesday, hitting $39.86. 59,140 shares of the stock traded hands, compared to its average volume of 260,316. Atlanta Braves Holdings, Inc. has a twelve month low of $35.81 and a twelve month high of $44.43. The firm's 50-day moving average price is $39.46 and its two-hundred day moving average price is $39.52. The stock has a market capitalization of $2.04 billion, a PE ratio of -54.60 and a beta of 0.65.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last issued its earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) EPS for the quarter, topping analysts' consensus estimates of ($0.69) by $0.38. The firm had revenue of $52.12 million for the quarter, compared to analysts' expectations of $48.20 million. On average, equities research analysts anticipate 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.