Horizon Kinetics Asset Management LLC Sells 857 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Horizon Kinetics Asset Management LLC lowered its stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 52,145 shares of the financial services provider’s stock after selling 857 shares during the period. Horizon Kinetics Asset Management LLC’s holdings in Atlanta Braves were worth $1,995,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. R Squared Ltd acquired a new stake in Atlanta Braves in the fourth quarter valued at about $41,000. PNC Financial Services Group Inc. boosted its stake in shares of Atlanta Braves by 25.7% during 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. US Bancorp DE boosted its stake in shares of Atlanta Braves by 17.7% during the fourth quarter. US Bancorp DE now owns 2,862 shares of the financial services provider’s stock valued at $110,000 after purchasing an additional 430 shares in the last quarter. OFI Invest Asset Management acquired a new stake in shares of Atlanta Braves during the fourth quarter valued at about $157,000. Finally, Quest Partners LLC boosted its stake in shares of Atlanta Braves by 28,820.0% during the third quarter. Quest Partners LLC now owns 4,338 shares of the financial services provider’s stock valued at $173,000 after purchasing an additional 4,323 shares in the last quarter. Institutional investors own 64.88% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other news, major shareholder John C. Malone acquired 15,192 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The stock was purchased at an average price of $40.62 per share, for a total transaction of $617,099.04. Following the completion of the acquisition, the insider now directly owns 146,020 shares in the company, valued at $5,931,332.40. The trade was a 11.61 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Over the last three months, insiders acquired 47,692 shares of company stock worth $1,980,287. 11.43% of the stock is owned by corporate insiders.

Atlanta Braves Price Performance

Shares of BATRK opened at $38.48 on Monday. Atlanta Braves Holdings, Inc. has a 1 year low of $35.81 and a 1 year high of $44.42. The company has a market capitalization of $1.97 billion, a price-to-earnings ratio of -52.71 and a beta of 0.65. The business has a 50-day moving average of $38.84 and a 200-day moving average of $39.65.

Atlanta Braves (NASDAQ:BATRK) last issued 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. As a group, sell-side analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.89 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.