Aristides Capital LLC Sells 10,884 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Aristides Capital LLC lessened its holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 67.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,341 shares of the financial services provider’s stock after selling 10,884 shares during the quarter. Aristides Capital LLC’s holdings in Atlanta Braves were worth $209,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Quent Capital LLC increased its holdings in shares of Atlanta Braves by 568.4% in the first quarter. Quent Capital LLC now owns 1,651 shares of the financial services provider’s stock valued at $64,000 after purchasing an additional 1,404 shares during the last quarter. Brown Brothers Harriman & Co. increased its holdings in shares of Atlanta Braves by 31.2% in the fourth quarter. Brown Brothers Harriman & Co. now owns 2,452 shares of the financial services provider’s stock valued at $97,000 after purchasing an additional 583 shares during the last quarter. Mango Investments LLC acquired a new position in shares of Atlanta Braves in the fourth quarter valued at $107,000. SageView Advisory Group LLC acquired a new position in shares of Atlanta Braves in the fourth quarter valued at $206,000. Finally, Scarborough Advisors LLC acquired a new position in shares of Atlanta Braves in the fourth quarter valued at $199,000. Institutional investors own 64.88% of the company’s stock.

Atlanta Braves Trading Up 0.1 %

Shares of NASDAQ:BATRK traded up $0.05 on Friday, hitting $42.74. The company had a trading volume of 236,423 shares, compared to its average volume of 295,783. Atlanta Braves Holdings, Inc. has a 1-year low of $33.95 and a 1-year high of $44.03. The stock has a market cap of $2.16 billion and a price-to-earnings ratio of -21.37. The stock has a 50 day moving average price of $40.24 and a 200 day moving average price of $39.47.

Atlanta Braves (NASDAQ:BATRK) last released its quarterly earnings results on Wednesday, May 8th. The financial services provider reported ($0.83) EPS for the quarter, missing the consensus estimate of ($0.64) by ($0.19). The company had revenue of $37.08 million for the quarter, compared to analyst estimates of $39.63 million. Sell-side analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.46 earnings per share for the current fiscal year.

Insider Transactions at Atlanta Braves

In related news, major shareholder Associated Capital Group, Inc. bought 2,000 shares of the company’s stock in a transaction dated Monday, June 24th. The stock was purchased at an average price of $39.96 per share, with a total value of $79,920.00. Following the completion of the acquisition, the insider now owns 7,550 shares of the company’s stock, valued at $301,698. The purchase was disclosed in a document filed with the SEC, which is available through this link. Over the last 90 days, insiders purchased 3,000 shares of company stock valued at $121,765. 11.43% of the stock is currently owned by 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.