Vanguard Group Inc. Trims Stock Holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA)

Vanguard Group Inc. trimmed its holdings in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRA - Free Report) by 1.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 589,843 shares of the financial services provider's stock after selling 11,004 shares during the quarter. Vanguard Group Inc. owned approximately 0.95% of Atlanta Braves worth $24,066,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Atlanta Braves by 24.9% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 15,411 shares of the financial services provider's stock worth $650,000 after acquiring an additional 3,074 shares in the last quarter. State Street Corp lifted its stake in shares of Atlanta Braves by 1.3% during the 3rd quarter. State Street Corp now owns 266,968 shares of the financial services provider's stock valued at $11,253,000 after buying an additional 3,432 shares in the last quarter. Barclays PLC boosted its holdings in Atlanta Braves by 376.1% in the 3rd quarter. Barclays PLC now owns 16,172 shares of the financial services provider's stock worth $681,000 after buying an additional 12,775 shares during the period. Geode Capital Management LLC increased its stake in Atlanta Braves by 1.4% in the 3rd quarter. Geode Capital Management LLC now owns 280,331 shares of the financial services provider's stock worth $11,817,000 after buying an additional 3,798 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB bought a new stake in Atlanta Braves during the third quarter valued at about $133,000. Institutional investors own 12.31% of the company's stock.

Insider Activity at Atlanta Braves

In related news, major shareholder John C. Malone acquired 2,760 shares of the firm's stock in a transaction on Wednesday, March 12th. The shares were acquired at an average cost of $41.99 per share, for a total transaction of $115,892.40. Following the completion of the transaction, the insider now directly owns 214,118 shares in the company, valued at approximately $8,990,814.82. This trade represents a 1.31 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last ninety days, insiders acquired 159,193 shares of company stock valued at $6,586,038. 4.83% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Separately, Benchmark reiterated a "buy" rating and set a $60.00 target price on shares of Atlanta Braves in a research report on Thursday, February 27th.

Atlanta Braves Price Performance

Shares of NASDAQ:BATRA traded up $0.60 during midday trading on Friday, reaching $42.56. 57,162 shares of the company were exchanged, compared to its average volume of 42,074. The company has a current ratio of 0.70, a quick ratio of 0.70 and a debt-to-equity ratio of 1.12. The stock has a market cap of $2.63 billion, a PE ratio of -58.30 and a beta of 0.61. The business's fifty day moving average is $42.98 and its two-hundred day moving average is $42.24. Atlanta Braves Holdings, Inc. has a one year low of $38.67 and a one year high of $46.65.

Atlanta Braves (NASDAQ:BATRA - Get Free Report) last issued its earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.78) by $0.47. The firm had revenue of $52.12 million for the quarter, compared to analysts' expectations of $48.20 million. Atlanta Braves had a negative return on equity of 8.48% and a negative net margin of 6.56%. As a group, analysts predict that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current year.

Atlanta Braves 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.