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

Geode Capital Management LLC decreased its position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 0.9% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 277,853 shares of the financial services provider’s stock after selling 2,478 shares during the period. Geode Capital Management LLC owned approximately 0.45% of Atlanta Braves worth $11,338,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC acquired a new stake in shares of Atlanta Braves in the fourth quarter worth $901,000. JPMorgan Chase & Co. boosted its holdings in Atlanta Braves by 69.0% in the fourth quarter. JPMorgan Chase & Co. now owns 49,972 shares of the financial services provider’s stock valued at $2,039,000 after purchasing an additional 20,399 shares during the last quarter. Barclays PLC grew its position in Atlanta Braves by 376.1% during the 3rd quarter. Barclays PLC now owns 16,172 shares of the financial services provider’s stock worth $681,000 after purchasing an additional 12,775 shares during the period. Cutter & CO Brokerage Inc. purchased a new position in shares of Atlanta Braves during the 4th quarter valued at about $390,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Atlanta Braves in the 4th quarter valued at about $394,000. Institutional investors and hedge funds own 12.31% of the company’s stock.

Analysts Set New Price Targets

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

Atlanta Braves Price Performance

Shares of NASDAQ BATRA opened at $42.78 on Wednesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.70 and a quick ratio of 0.70. The firm’s 50 day simple moving average is $42.94 and its 200-day simple moving average is $42.24. Atlanta Braves Holdings, Inc. has a 12 month low of $38.67 and a 12 month high of $46.65. The stock has a market capitalization of $2.65 billion, a price-to-earnings ratio of -58.60 and a beta of 0.61.

Atlanta Braves (NASDAQ:BATRA) last released its quarterly earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) EPS for the quarter, beating the consensus estimate of ($0.78) by $0.47. The company had revenue of $52.12 million for the quarter, compared to analyst estimates of $48.20 million. Atlanta Braves had a negative net margin of 6.56% and a negative return on equity of 8.48%. Analysts expect that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current year.

Insider Activity at Atlanta Braves

In related news, major shareholder John C. Malone acquired 5,094 shares of Atlanta Braves stock in a transaction on Monday, January 27th. The stock was bought at an average cost of $41.94 per share, for a total transaction of $213,642.36. Following the completion of the transaction, the insider now owns 169,522 shares of the company’s stock, valued at approximately $7,109,752.68. The trade was a 3.10 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders acquired a total of 144,001 shares of company stock worth $5,968,938 in the last 90 days. Corporate insiders own 4.83% of the company’s stock.

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.