Arizona State Retirement System Cuts Stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Arizona State Retirement System lessened its stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 4.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 12,480 shares of the financial services provider’s stock after selling 645 shares during the quarter. Arizona State Retirement System’s holdings in Atlanta Braves were worth $477,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of BATRK. R Squared Ltd purchased a new position in shares of Atlanta Braves in the fourth quarter worth $41,000. US Bancorp DE increased its holdings in Atlanta Braves by 17.7% in the 4th quarter. US Bancorp DE now owns 2,862 shares of the financial services provider’s stock worth $110,000 after buying an additional 430 shares in the last quarter. Quest Partners LLC raised its position in Atlanta Braves by 28,820.0% in the 3rd quarter. Quest Partners LLC now owns 4,338 shares of the financial services provider’s stock worth $173,000 after buying an additional 4,323 shares during the last quarter. ABC Arbitrage SA bought a new position in Atlanta Braves during the 4th quarter valued at about $204,000. Finally, Quantinno Capital Management LP purchased a new stake in shares of Atlanta Braves during the 3rd quarter valued at about $205,000. Institutional investors own 64.88% of the company’s stock.

Insider Buying and Selling at Atlanta Braves

In related news, major shareholder John C. Malone acquired 15,192 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The shares were purchased at an average price of $40.62 per share, with a total value of $617,099.04. Following the completion of the purchase, the insider now directly owns 146,020 shares of the company’s stock, valued at $5,931,332.40. This represents a 11.61 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last ninety days, insiders acquired 47,692 shares of company stock valued at $1,980,287. Insiders own 11.43% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of Atlanta Braves to a “sell” rating in a research report on Friday, February 28th.

Atlanta Braves Price Performance

Shares of BATRK opened at $38.48 on Friday. Atlanta Braves Holdings, Inc. has a one year low of $35.81 and a one year high of $44.42. The business has a fifty day moving average of $38.84 and a 200 day moving average of $39.71. The firm has a market capitalization of $1.97 billion, a P/E ratio of -52.71 and a beta of 0.65.

Atlanta Braves (NASDAQ:BATRK) last released its quarterly earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) EPS for the quarter, beating the consensus estimate of ($0.69) by $0.38. The business had revenue of $52.12 million for the quarter, compared to analysts’ expectations of $48.20 million. Analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal 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.