Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) Shares Sold by Horizon Kinetics Asset Management LLC

Horizon Kinetics Asset Management LLC reduced its holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRA) by 2.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,401 shares of the financial services provider’s stock after selling 605 shares during the quarter. Horizon Kinetics Asset Management LLC’s holdings in Atlanta Braves were worth $1,077,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in BATRA. Geode Capital Management LLC increased its stake in Atlanta Braves by 1.4% during the third quarter. Geode Capital Management LLC now owns 280,331 shares of the financial services provider’s stock worth $11,817,000 after acquiring an additional 3,798 shares during the last quarter. State Street Corp increased its stake in Atlanta Braves by 1.3% during the third quarter. State Street Corp now owns 266,968 shares of the financial services provider’s stock worth $11,253,000 after acquiring an additional 3,432 shares during the last quarter. JPMorgan Chase & Co. increased its stake in Atlanta Braves by 20.7% during the third quarter. JPMorgan Chase & Co. now owns 29,573 shares of the financial services provider’s stock worth $1,247,000 after acquiring an additional 5,066 shares during the last quarter. Y Intercept Hong Kong Ltd increased its stake in Atlanta Braves by 13.2% during the third quarter. Y Intercept Hong Kong Ltd now owns 23,254 shares of the financial services provider’s stock worth $926,000 after acquiring an additional 2,716 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in Atlanta Braves during the fourth quarter worth about $901,000. 12.31% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Benchmark reaffirmed a “buy” rating and issued a $60.00 target price on shares of Atlanta Braves in a research report on Thursday, February 27th.

Insider Transactions at Atlanta Braves

In other Atlanta Braves news, major shareholder John C. Malone purchased 15,192 shares of Atlanta Braves stock in a transaction that occurred on Wednesday, January 22nd. The stock was purchased at an average price of $40.62 per share, with a total value of $617,099.04. Following the completion of the acquisition, the insider now owns 146,020 shares of the company’s stock, valued at approximately $5,931,332.40. This trade represents a 11.61 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders purchased 47,692 shares of company stock valued at $1,980,287 over the last quarter. Company insiders own 4.83% of the company’s stock.

Atlanta Braves Price Performance

Shares of NASDAQ BATRA opened at $42.41 on Tuesday. Atlanta Braves Holdings, Inc. has a 1-year low of $38.90 and a 1-year high of $46.65. The business has a 50-day moving average of $42.40 and a 200-day moving average of $42.38. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.70 and a quick ratio of 0.70. The company has a market capitalization of $2.62 billion, a price-to-earnings ratio of -58.10 and a beta of 0.73.

Atlanta Braves (NASDAQ:BATRA) last issued its earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share for the quarter, topping the consensus estimate of ($0.78) by $0.47. Atlanta Braves had a negative return on equity of 8.48% and a negative net margin of 6.56%. The company had revenue of $52.12 million during the quarter, compared to the consensus estimate of $48.20 million. On average, equities analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.98 EPS for the current fiscal 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.