River Road Asset Management LLC Sells 3,163 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

River Road Asset Management LLC reduced its position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 4.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 73,601 shares of the financial services provider’s stock after selling 3,163 shares during the quarter. River Road Asset Management LLC’s holdings in Atlanta Braves were worth $2,816,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the business. R Squared Ltd bought a new stake in Atlanta Braves during the 4th quarter worth approximately $41,000. PNC Financial Services Group Inc. grew its holdings in 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 worth $87,000 after buying an additional 463 shares in the last quarter. US Bancorp DE raised its position 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 valued at $110,000 after buying an additional 430 shares during the last quarter. OFI Invest Asset Management bought a new position in Atlanta Braves during the 4th quarter valued at $157,000. Finally, Quest Partners LLC boosted its holdings in Atlanta Braves by 28,820.0% during the 3rd quarter. Quest Partners LLC now owns 4,338 shares of the financial services provider’s stock worth $173,000 after acquiring an additional 4,323 shares during the last quarter. Institutional investors and hedge funds own 64.88% of the company’s stock.

Atlanta Braves Stock Down 0.8 %

NASDAQ BATRK opened at $39.15 on Wednesday. The firm’s 50-day simple moving average is $38.80 and its two-hundred day simple moving average is $39.75. Atlanta Braves Holdings, Inc. has a 52 week low of $35.81 and a 52 week high of $44.42. The company has a market cap of $2.01 billion, a PE ratio of -53.63 and a beta of 0.65.

Atlanta Braves (NASDAQ:BATRK) last posted 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 firm had revenue of $52.12 million for the quarter, compared to the consensus estimate of $48.20 million. As a group, equities research analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In other Atlanta Braves news, major shareholder John C. Malone purchased 15,192 shares of the stock in a transaction on Wednesday, January 22nd. The stock was acquired at an average price of $40.62 per share, with a total value of $617,099.04. Following the transaction, the insider now directly 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 legal filing with the Securities & Exchange Commission, which is available at this link. Insiders have acquired a total of 44,932 shares of company stock worth $1,864,395 in the last 90 days. 11.43% of the stock is owned by company insiders.

Atlanta Braves 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.