Highbridge Capital Management LLC Sells 12,564 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Highbridge Capital Management LLC reduced its position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 10.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 109,411 shares of the financial services provider’s stock after selling 12,564 shares during the quarter. Highbridge Capital Management LLC owned about 0.22% of Atlanta Braves worth $4,186,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in BATRK. Harvey Partners LLC raised its position in shares of Atlanta Braves by 14.6% during the third quarter. Harvey Partners LLC now owns 507,000 shares of the financial services provider’s stock worth $20,179,000 after purchasing an additional 64,500 shares during the period. HBK Investments L P increased its stake in Atlanta Braves by 57.0% during the 3rd quarter. HBK Investments L P now owns 480,000 shares of the financial services provider’s stock valued at $19,104,000 after purchasing an additional 174,300 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Atlanta Braves by 0.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 433,466 shares of the financial services provider’s stock worth $16,584,000 after buying an additional 4,072 shares during the last quarter. Harbor Capital Advisors Inc. lifted its stake in shares of Atlanta Braves by 1.2% in the fourth quarter. Harbor Capital Advisors Inc. now owns 319,298 shares of the financial services provider’s stock valued at $12,216,000 after buying an additional 3,874 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC grew its holdings in shares of Atlanta Braves by 85.5% during the fourth quarter. Thompson Siegel & Walmsley LLC now owns 263,318 shares of the financial services provider’s stock valued at $10,075,000 after buying an additional 121,360 shares during the last quarter. Institutional investors own 64.88% of the company’s stock.

Insider Activity at Atlanta Braves

In other Atlanta Braves news, major shareholder John C. Malone purchased 2,760 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average cost of $41.99 per share, with a total value of $115,892.40. Following the completion of the transaction, the insider now owns 214,118 shares of the company’s stock, valued at $8,990,814.82. The trade was a 1.31 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have bought 47,692 shares of company stock valued at $1,980,287 over the last ninety days. Corporate insiders own 11.43% of the company’s stock.

Wall Street Analyst Weigh In

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

Atlanta Braves Stock Up 1.5 %

BATRK stock opened at $40.71 on Friday. The firm has a market capitalization of $2.09 billion, a PE ratio of -55.77 and a beta of 0.65. Atlanta Braves Holdings, Inc. has a twelve month low of $35.81 and a twelve month high of $44.43. The stock’s 50 day moving average is $39.37 and its 200-day moving average is $39.54.

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

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.