Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Shares Sold by Jane Street Group LLC

Jane Street Group LLC trimmed its holdings in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 34.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,425 shares of the financial services provider’s stock after selling 12,801 shares during the period. Jane Street Group LLC’s holdings in Atlanta Braves were worth $935,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Barclays PLC lifted its stake in shares of Atlanta Braves by 160.3% in the 3rd quarter. Barclays PLC now owns 82,330 shares of the financial services provider’s stock valued at $3,276,000 after purchasing an additional 50,702 shares during the period. Magnetar Financial LLC lifted its stake in shares of Atlanta Braves by 161.9% in the 4th quarter. Magnetar Financial LLC now owns 13,328 shares of the financial services provider’s stock valued at $510,000 after purchasing an additional 8,239 shares during the period. Rhumbline Advisers lifted its stake in shares of Atlanta Braves by 16.8% in the 4th quarter. Rhumbline Advisers now owns 80,240 shares of the financial services provider’s stock valued at $3,070,000 after purchasing an additional 11,554 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Atlanta Braves in the 4th quarter valued at $337,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Atlanta Braves in the 4th quarter valued at $3,324,000. 64.88% of the stock is currently owned by institutional investors and hedge funds.

Atlanta Braves Price Performance

BATRK opened at $40.78 on Friday. The firm has a fifty day moving average price of $39.45 and a 200 day moving average price of $39.30. Atlanta Braves Holdings, Inc. has a 1 year low of $35.46 and a 1 year high of $44.43. The stock has a market cap of $2.09 billion, a P/E ratio of -55.86 and a beta of 0.56.

Atlanta Braves (NASDAQ:BATRK) last posted its quarterly earnings data on Monday, May 12th. The financial services provider reported ($0.66) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.94) by $0.28. The company had revenue of $47.21 million for the quarter, compared to analyst estimates of $36.87 million. Equities analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen upgraded shares of Atlanta Braves from a “sell” rating to a “hold” rating in a research note on Thursday.

Insiders Place Their Bets

In other Atlanta Braves news, EVP Deretta C. Rhodes sold 5,000 shares of the company’s stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $41.20, for a total transaction of $206,000.00. Following the completion of the transaction, the executive vice president now directly owns 3,112 shares in the company, valued at approximately $128,214.40. This represents a 61.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder John C. Malone acquired 38,452 shares of Atlanta Braves stock in a transaction on Tuesday, April 8th. The shares were bought at an average price of $40.28 per share, with a total value of $1,548,846.56. Following the completion of 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 position. The disclosure for this purchase can be found here. Over the last ninety days, insiders purchased 122,632 shares of company stock worth $5,072,723. Company 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.