Invesco Ltd. Sells 149,769 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Invesco Ltd. trimmed its position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 78.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 42,290 shares of the financial services provider’s stock after selling 149,769 shares during the period. Invesco Ltd. owned about 0.08% of Atlanta Braves worth $1,618,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. Federated Hermes Inc. purchased a new position in Atlanta Braves during the 4th quarter valued at $40,000. R Squared Ltd bought a new stake in shares of Atlanta Braves during the 4th quarter valued at about $41,000. PNC Financial Services Group Inc. increased its position in shares of Atlanta Braves by 25.7% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,265 shares of the financial services provider’s stock valued at $87,000 after buying an additional 463 shares during the period. US Bancorp DE raised its stake in Atlanta Braves by 17.7% in the fourth quarter. US Bancorp DE now owns 2,862 shares of the financial services provider’s stock worth $110,000 after buying an additional 430 shares in the last quarter. Finally, OFI Invest Asset Management purchased a new stake in Atlanta Braves in the fourth quarter worth about $157,000. 64.88% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Atlanta Braves Price Performance

NASDAQ:BATRK opened at $39.96 on Wednesday. The firm’s 50-day moving average price is $39.03 and its 200-day moving average price is $39.24. The company has a market capitalization of $2.05 billion, a PE ratio of -54.74 and a beta of 0.56. Atlanta Braves Holdings, Inc. has a 1-year low of $35.46 and a 1-year high of $44.43.

Atlanta Braves (NASDAQ:BATRK) last announced its quarterly earnings data 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 business had revenue of $52.12 million during the quarter, compared to analysts’ expectations of $48.20 million. Equities analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.

Insider Activity at Atlanta Braves

In other news, major shareholder John C. Malone acquired 38,452 shares of Atlanta Braves stock in a transaction on Tuesday, April 8th. The stock was acquired at an average cost of $40.28 per share, for a total transaction of $1,548,846.56. Following the purchase, the insider now owns 254,428 shares in the company, 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 Securities & Exchange Commission, which can be accessed through the SEC website. Insiders purchased a total of 122,632 shares of company stock valued at $5,072,723 in the last 90 days. Corporate 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.