Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Shares Sold by River Road Asset Management LLC

River Road Asset Management LLC lowered its stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) by 38.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 76,764 shares of the financial services provider's stock after selling 47,212 shares during the quarter. River Road Asset Management LLC owned approximately 0.15% of Atlanta Braves worth $3,055,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also modified their holdings of the stock. Norden Group LLC purchased a new position in Atlanta Braves during the 1st quarter worth approximately $721,000. Janney Montgomery Scott LLC increased its holdings in shares of Atlanta Braves by 8.6% in the 1st quarter. Janney Montgomery Scott LLC now owns 9,820 shares of the financial services provider's stock valued at $384,000 after acquiring an additional 780 shares during the period. Swiss National Bank raised its position in Atlanta Braves by 11.8% in the 1st quarter. Swiss National Bank now owns 94,536 shares of the financial services provider's stock valued at $3,693,000 after purchasing an additional 10,000 shares during the last quarter. ProShare Advisors LLC boosted its stake in Atlanta Braves by 8.5% during the 1st quarter. ProShare Advisors LLC now owns 8,186 shares of the financial services provider's stock worth $320,000 after purchasing an additional 644 shares during the period. Finally, Vanguard Group Inc. increased its stake in Atlanta Braves by 2.3% in the first quarter. Vanguard Group Inc. now owns 2,342,671 shares of the financial services provider's stock valued at $91,505,000 after purchasing an additional 53,272 shares during the period. Hedge funds and other institutional investors own 64.88% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Rosenblatt Securities dropped their target price on Atlanta Braves from $54.00 to $53.00 and set a "buy" rating on the stock in a report on Wednesday, August 14th.

Atlanta Braves Trading Up 2.3 %

Shares of NASDAQ:BATRK traded up $0.93 during midday trading on Wednesday, hitting $41.69. 722,828 shares of the stock were exchanged, compared to its average volume of 228,265. The stock has a market cap of $2.11 billion, a P/E ratio of -42.11 and a beta of 0.70. Atlanta Braves Holdings, Inc. has a twelve month low of $33.95 and a twelve month high of $44.42. The company has a 50 day moving average price of $40.53 and a 200-day moving average price of $40.47.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last issued its quarterly earnings data on Thursday, August 8th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.05. The company had revenue of $282.88 million for the quarter, compared to analyst estimates of $288.20 million. During the same quarter in the prior year, the firm earned ($0.55) earnings per share. On average, equities research analysts expect that Atlanta Braves Holdings, Inc. will post -0.44 earnings per share for the current year.

About Atlanta Braves

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.