Atlanta Braves Holdings, Inc. $BATRK Shares Sold by Rhumbline Advisers

Rhumbline Advisers lessened its position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 10.4% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 71,927 shares of the financial services provider’s stock after selling 8,313 shares during the period. Rhumbline Advisers owned approximately 0.14% of Atlanta Braves worth $2,878,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Gabelli Funds LLC boosted its position in shares of Atlanta Braves by 3.7% during the 1st quarter. Gabelli Funds LLC now owns 1,473,271 shares of the financial services provider’s stock valued at $58,946,000 after purchasing an additional 52,777 shares in the last quarter. Russell Investments Group Ltd. raised its position in Atlanta Braves by 76.0% during the first quarter. Russell Investments Group Ltd. now owns 84,287 shares of the financial services provider’s stock valued at $3,372,000 after acquiring an additional 36,386 shares in the last quarter. Foundations Investment Advisors LLC raised its position in Atlanta Braves by 143.5% during the first quarter. Foundations Investment Advisors LLC now owns 14,632 shares of the financial services provider’s stock valued at $585,000 after acquiring an additional 8,624 shares in the last quarter. Southpoint Capital Advisors LP raised its position in shares of Atlanta Braves by 6.7% in the first quarter. Southpoint Capital Advisors LP now owns 800,000 shares of the financial services provider’s stock valued at $32,008,000 after purchasing an additional 50,000 shares during the period. Finally, Teacher Retirement System of Texas bought a new stake in shares of Atlanta Braves during the 1st quarter worth $253,000. Institutional investors own 64.88% of the company’s stock.

Wall Street Analyst Weigh In

BATRK has been the topic of a number of research analyst reports. Wall Street Zen upgraded shares of Atlanta Braves from a “sell” rating to a “hold” rating in a research note on Thursday, May 22nd. Citigroup upgraded shares of Atlanta Braves to a “hold” rating and set a $45.00 target price on the stock in a research note on Friday, June 13th. Finally, Rosenblatt Securities raised their target price on shares of Atlanta Braves from $52.00 to $69.00 and gave the company a “buy” rating in a research note on Friday, June 20th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, Atlanta Braves presently has an average rating of “Moderate Buy” and an average target price of $57.00.

Atlanta Braves Trading Down 0.1%

Shares of BATRK stock opened at $41.52 on Wednesday. The business’s 50-day moving average price is $44.50 and its 200-day moving average price is $42.13. The firm has a market capitalization of $2.61 billion, a price-to-earnings ratio of -118.63 and a beta of 0.67. Atlanta Braves Holdings, Inc. has a 12 month low of $35.46 and a 12 month high of $47.18.

Atlanta Braves (NASDAQ:BATRK) last posted its quarterly earnings data on Thursday, August 7th. The financial services provider reported $0.46 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.18). The company had revenue of $312.44 million during the quarter, compared to the consensus estimate of $296.36 million. On average, sell-side analysts predict that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current fiscal year.

Insider Activity at Atlanta Braves

In related news, EVP Derek Gordon Schiller sold 30,000 shares of Atlanta Braves stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $45.50, for a total value of $1,365,000.00. Following the transaction, the executive vice president directly owned 300,233 shares of the company’s stock, valued at $13,660,601.50. The trade was a 9.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

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.