Arizona State Retirement System Sells 645 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

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

A number of other large investors also recently added to or reduced their stakes in 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 position in shares of Atlanta Braves by 17.7% in the fourth quarter. US Bancorp DE now owns 2,862 shares of the financial services provider’s stock valued at $110,000 after acquiring an additional 430 shares during the period. Quest Partners LLC raised 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 acquiring an additional 4,323 shares during the last quarter. ABC Arbitrage SA purchased a new stake in shares of Atlanta Braves during the fourth quarter worth about $204,000. Finally, Quantinno Capital Management LP bought a new stake in shares of Atlanta Braves in the third quarter worth about $205,000. Hedge funds and other institutional investors own 64.88% of the company’s stock.

Insider Transactions at Atlanta Braves

In other Atlanta Braves news, major shareholder John C. Malone purchased 15,192 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was bought at an average cost of $40.62 per share, with a total value of $617,099.04. Following the transaction, the insider now directly owns 146,020 shares in the company, valued at approximately $5,931,332.40. The trade was a 11.61 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders bought 47,692 shares of company stock valued at $1,980,287. Corporate insiders own 11.43% of the company’s stock.

Wall Street Analyst Weigh In

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

Atlanta Braves Trading Down 0.2 %

Shares of NASDAQ BATRK opened at $38.48 on Friday. The firm has a fifty day simple moving average of $38.84 and a two-hundred day simple moving average of $39.71. Atlanta Braves Holdings, Inc. has a 12 month low of $35.81 and a 12 month high of $44.42. The firm has a market capitalization of $1.97 billion, a PE ratio of -52.71 and a beta of 0.65.

Atlanta Braves (NASDAQ:BATRK) last announced its quarterly earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.69) by $0.38. The company had revenue of $52.12 million for the quarter, compared to analysts’ expectations of $48.20 million. On average, sell-side analysts predict that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current year.

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.