Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB lessened its stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 22.9% during the fourth quarter, Holdings Channel reports. The firm owned 9,777 shares of the financial services provider’s stock after selling 2,900 shares during the period. Handelsbanken Fonder AB’s holdings in Atlanta Braves were worth $387,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Hawk Ridge Capital Management LP raised its stake in shares of Atlanta Braves by 7.4% in the 3rd quarter. Hawk Ridge Capital Management LP now owns 2,521,170 shares of the financial services provider’s stock valued at $90,081,000 after acquiring an additional 173,000 shares during the period. Vanguard Group Inc. raised its stake in shares of Atlanta Braves by 20.3% in the 3rd quarter. Vanguard Group Inc. now owns 2,343,979 shares of the financial services provider’s stock valued at $83,750,000 after acquiring an additional 396,079 shares during the period. Shapiro Capital Management LLC raised its stake in shares of Atlanta Braves by 0.6% in the 3rd quarter. Shapiro Capital Management LLC now owns 1,604,670 shares of the financial services provider’s stock valued at $57,335,000 after acquiring an additional 9,137 shares during the period. Gamco Investors INC. ET AL raised its stake in shares of Atlanta Braves by 7.6% in the 3rd quarter. Gamco Investors INC. ET AL now owns 1,434,735 shares of the financial services provider’s stock valued at $51,263,000 after acquiring an additional 101,490 shares during the period. Finally, Gabelli Funds LLC raised its stake in shares of Atlanta Braves by 4.4% in the 3rd quarter. Gabelli Funds LLC now owns 1,197,492 shares of the financial services provider’s stock valued at $42,786,000 after acquiring an additional 50,203 shares during the period. Institutional investors and hedge funds own 64.88% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, TheStreet downgraded shares of Atlanta Braves from a “c-” rating to a “d+” rating in a research note on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, Atlanta Braves currently has a consensus rating of “Hold” and a consensus price target of $45.00.

Atlanta Braves Stock Up 1.3 %

Atlanta Braves stock opened at $37.93 on Thursday. Atlanta Braves Holdings, Inc. has a 12-month low of $33.95 and a 12-month high of $50.15. The firm’s fifty day moving average price is $38.49 and its 200 day moving average price is $38.09.

Atlanta Braves (NASDAQ:BATRK) last released its quarterly earnings results on Wednesday, February 28th. The financial services provider reported ($0.52) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.22) by ($0.30). The company had revenue of $67.75 million for the quarter, compared to analysts’ expectations of $61.94 million. Equities analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.18 EPS for the current year.

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.