Townsquare Capital LLC Has $435,000 Position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Townsquare Capital LLC trimmed its position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 2.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,381 shares of the financial services provider’s stock after selling 298 shares during the period. Townsquare Capital LLC’s holdings in Atlanta Braves were worth $435,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Wellington Management Group LLP increased its holdings in shares of Atlanta Braves by 3.1% in the fourth quarter. Wellington Management Group LLP now owns 654,762 shares of the financial services provider’s stock worth $25,051,000 after acquiring an additional 19,718 shares in the last quarter. Breach Inlet Capital Management LLC grew its position in shares of Atlanta Braves by 10.3% in the 4th quarter. Breach Inlet Capital Management LLC now owns 519,378 shares of the financial services provider’s stock valued at $19,871,000 after purchasing an additional 48,414 shares during the period. Charles Schwab Investment Management Inc. increased its stake in Atlanta Braves by 0.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 433,466 shares of the financial services provider’s stock worth $16,584,000 after purchasing an additional 4,072 shares in the last quarter. FIL Ltd raised its holdings in Atlanta Braves by 5.0% during the 4th quarter. FIL Ltd now owns 418,090 shares of the financial services provider’s stock worth $15,996,000 after buying an additional 20,000 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its stake in Atlanta Braves by 1.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 319,298 shares of the financial services provider’s stock valued at $12,216,000 after buying an additional 3,874 shares in the last quarter. 64.88% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder John C. Malone purchased 38,452 shares of the stock in a transaction on Tuesday, April 8th. The shares were purchased at an average price of $40.28 per share, with a total value of $1,548,846.56. Following the transaction, the insider now directly owns 254,428 shares of the company’s stock, valued at $10,248,359.84. This trade represents a 17.80 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Over the last 90 days, insiders acquired 159,193 shares of company stock worth $6,586,038. 11.43% of the stock is owned by insiders.

Atlanta Braves Price Performance

Shares of Atlanta Braves stock opened at $38.69 on Monday. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of -53.00 and a beta of 0.56. Atlanta Braves Holdings, Inc. has a one year low of $35.46 and a one year high of $44.43. The stock’s 50-day moving average is $39.16 and its 200-day moving average is $39.25.

Atlanta Braves (NASDAQ:BATRK) last released its quarterly earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share 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 analyst estimates of $48.20 million. On average, equities analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.

Wall Street Analysts Forecast Growth

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

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.