Marshall Wace LLP Sells 26,161 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Marshall Wace LLP lowered its stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 68.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,003 shares of the financial services provider’s stock after selling 26,161 shares during the period. Marshall Wace LLP’s holdings in Atlanta Braves were worth $459,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of BATRK. Steward Partners Investment Advisory LLC lifted its stake in shares of Atlanta Braves by 3.5% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,875 shares of the financial services provider’s stock valued at $301,000 after buying an additional 266 shares in the last quarter. LPL Financial LLC lifted its position in shares of Atlanta Braves by 4.1% during the fourth quarter. LPL Financial LLC now owns 7,580 shares of the financial services provider’s stock worth $290,000 after acquiring an additional 302 shares in the last quarter. US Bancorp DE boosted its holdings in shares of 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 acquiring an additional 430 shares during the period. PNC Financial Services Group Inc. grew its position in shares of Atlanta Braves by 25.7% in 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 purchasing an additional 463 shares in the last quarter. Finally, Diversify Advisory Services LLC lifted its holdings in Atlanta Braves by 3.1% during the 4th quarter. Diversify Advisory Services LLC now owns 15,526 shares of the financial services provider’s stock worth $560,000 after purchasing an additional 474 shares in the last quarter. Institutional investors own 64.88% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder John C. Malone acquired 38,452 shares of the firm’s stock in a transaction that occurred on Tuesday, April 8th. The shares were bought at an average cost of $40.28 per share, with a total value of $1,548,846.56. Following the acquisition, the insider now owns 254,428 shares in the company, valued at approximately $10,248,359.84. This represents a 17.80 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last three months, insiders have purchased 122,632 shares of company stock worth $5,072,723. Insiders own 11.43% of the company’s stock.

Atlanta Braves Price Performance

BATRK opened at $40.28 on Friday. The firm has a market capitalization of $2.07 billion, a P/E ratio of -55.18 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 company has a fifty day moving average price of $39.06 and a 200-day moving average price of $39.23.

Atlanta Braves (NASDAQ:BATRK) last announced its 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 business had revenue of $52.12 million during the quarter, compared to the consensus estimate of $48.20 million. On average, analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current year.

Analysts Set New Price Targets

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

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.