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

Horizon Kinetics Asset Management LLC cut its stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 52,145 shares of the financial services provider’s stock after selling 857 shares during the period. Horizon Kinetics Asset Management LLC owned 0.10% of Atlanta Braves worth $1,995,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Entropy Technologies LP bought a new stake in shares of Atlanta Braves during the third quarter worth approximately $300,000. 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 worth $173,000 after buying an additional 4,323 shares during the last quarter. Commerce Bank grew its holdings in Atlanta Braves by 80.3% during the third quarter. Commerce Bank now owns 15,982 shares of the financial services provider’s stock valued at $636,000 after purchasing an additional 7,118 shares during the period. Moran Wealth Management LLC increased its stake in Atlanta Braves by 44.3% in the third quarter. Moran Wealth Management LLC now owns 11,946 shares of the financial services provider’s stock valued at $475,000 after purchasing an additional 3,667 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new stake in Atlanta Braves in the third quarter worth $455,000. 64.88% of the stock is owned by institutional investors.

Insider Transactions at Atlanta Braves

In related news, major shareholder John C. Malone acquired 2,760 shares of the business’s stock in a transaction dated Wednesday, March 12th. The stock was bought at an average price of $41.99 per share, with a total value of $115,892.40. Following the acquisition, the insider now owns 214,118 shares in the company, valued at $8,990,814.82. This represents a 1.31 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have acquired a total of 47,692 shares of company stock valued at $1,980,287 over the last 90 days. 11.43% of the stock is owned by corporate insiders.

Atlanta Braves Stock Down 0.2 %

Atlanta Braves stock opened at $38.48 on Monday. Atlanta Braves Holdings, Inc. has a twelve month low of $35.81 and a twelve month high of $44.42. The company has a 50 day moving average of $38.84 and a 200-day moving average of $39.65. The stock 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 released 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 firm had revenue of $52.12 million during the quarter, compared to analyst estimates of $48.20 million. Equities analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.