Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Shares Sold by Pacific Global Investment Management Co.

Pacific Global Investment Management Co. reduced its holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) by 86.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 29,040 shares of the financial services provider's stock after selling 184,261 shares during the period. Atlanta Braves makes up 1.4% of Pacific Global Investment Management Co.'s holdings, making the stock its 28th biggest position. Pacific Global Investment Management Co. owned 0.06% of Atlanta Braves worth $1,111,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Miracle Mile Advisors LLC purchased a new stake in Atlanta Braves in the 4th quarter valued at $6,736,000. HBK Investments L P boosted its position in shares of Atlanta Braves by 57.0% during the 3rd quarter. HBK Investments L P now owns 480,000 shares of the financial services provider's stock valued at $19,104,000 after acquiring an additional 174,300 shares during the last quarter. Harbor Capital Advisors Inc. grew its holdings in shares of Atlanta Braves by 76.9% in the third quarter. Harbor Capital Advisors Inc. now owns 315,424 shares of the financial services provider's stock valued at $12,554,000 after purchasing an additional 137,124 shares during the period. JPMorgan Chase & Co. increased its position in Atlanta Braves by 123.0% during the third quarter. JPMorgan Chase & Co. now owns 167,273 shares of the financial services provider's stock worth $6,657,000 after purchasing an additional 92,248 shares during the last quarter. Finally, Harvey Partners LLC raised its stake in Atlanta Braves by 14.6% during the third quarter. Harvey Partners LLC now owns 507,000 shares of the financial services provider's stock worth $20,179,000 after purchasing an additional 64,500 shares during the period. 64.88% of the stock is currently owned by institutional investors and hedge funds.

Atlanta Braves Trading Down 0.6 %

BATRK stock traded down $0.25 during midday trading on Monday, hitting $40.12. 308,390 shares of the company's stock were exchanged, compared to its average volume of 294,742. Atlanta Braves Holdings, Inc. has a 1-year low of $35.81 and a 1-year high of $44.42. The business has a 50-day simple moving average of $38.56 and a two-hundred day simple moving average of $39.91. The stock has a market capitalization of $2.04 billion, a PE ratio of -54.96 and a beta of 0.73.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last issued its quarterly earnings data on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.69) by $0.38. The business 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.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Atlanta Braves to a "sell" rating in a research note on Friday.

Insider Buying and Selling at Atlanta Braves

In other news, major shareholder John C. Malone bought 5,094 shares of the firm's stock in a transaction that occurred on Monday, January 27th. The shares were purchased at an average price of $41.94 per share, with a total value of $213,642.36. Following the purchase, the insider now owns 169,522 shares in the company, valued at approximately $7,109,752.68. The trade was a 3.10 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders purchased a total of 44,932 shares of company stock worth $1,864,395 over the last three months. Insiders own 11.43% of the company's stock.

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.