Atlanta Braves Holdings, Inc. $BATRA Shares Sold by Focus Partners Wealth

Focus Partners Wealth reduced its position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 6.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,252 shares of the financial services provider’s stock after selling 6,576 shares during the quarter. Focus Partners Wealth owned approximately 0.16% of Atlanta Braves worth $4,223,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of BATRA. Hudson Value Partners LLC acquired a new position in Atlanta Braves in the 1st quarter valued at about $3,830,000. GAMMA Investing LLC grew its position in shares of Atlanta Braves by 5,387.2% during the first quarter. GAMMA Investing LLC now owns 52,951 shares of the financial services provider’s stock worth $23,230,000 after buying an additional 51,986 shares in the last quarter. Nuveen LLC acquired a new position in shares of Atlanta Braves during the first quarter worth about $1,596,000. Congress Park Capital LLC acquired a new position in shares of Atlanta Braves during the first quarter worth about $965,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Atlanta Braves during the first quarter worth about $900,000. 12.31% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP Derek Gordon Schiller sold 30,000 shares of the company’s stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $45.50, for a total transaction of $1,365,000.00. Following the completion of the sale, the executive vice president owned 300,233 shares in the company, valued at $13,660,601.50. This represents a 9.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold a total of 70,100 shares of company stock valued at $3,129,812 in the last three months. 5.90% of the stock is currently owned by insiders.

Atlanta Braves Price Performance

Shares of NASDAQ BATRA opened at $45.62 on Monday. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 1.31. Atlanta Braves Holdings, Inc. has a twelve month low of $38.67 and a twelve month high of $50.50. The stock has a 50 day moving average of $47.61 and a two-hundred day moving average of $45.36. The stock has a market cap of $2.86 billion, a P/E ratio of -130.34 and a beta of 0.68.

Atlanta Braves (NASDAQ:BATRA) last issued its quarterly earnings data on Thursday, August 7th. The financial services provider reported $0.46 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.12. Atlanta Braves had a negative return on equity of 3.98% and a negative net margin of 2.99%.The company had revenue of $312.44 million during the quarter, compared to analysts’ expectations of $295.86 million. On average, research analysts forecast that Atlanta Braves Holdings, Inc. will post -0.98 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Citigroup assumed coverage on Atlanta Braves in a research report on Friday, June 13th. They set a “neutral” rating and a $45.00 price objective for the company. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Atlanta Braves presently has an average rating of “Moderate Buy” and an average price target of $52.50.

Atlanta Braves 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.