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

Highbridge Capital Management LLC lowered its stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 10.3% in the 4th quarter, HoldingsChannel reports. 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’s holdings in Atlanta Braves were worth $4,186,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Steward Partners Investment Advisory LLC lifted its holdings in Atlanta Braves by 3.5% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 7,875 shares of the financial services provider’s stock valued at $301,000 after purchasing an additional 266 shares during the last quarter. LPL Financial LLC lifted its stake in shares of Atlanta Braves by 4.1% during the 4th quarter. LPL Financial LLC now owns 7,580 shares of the financial services provider’s stock valued at $290,000 after buying an additional 302 shares in the last quarter. US Bancorp DE boosted its holdings 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 worth $110,000 after buying an additional 430 shares during the period. FMR LLC grew its stake in Atlanta Braves by 2.1% in the 3rd quarter. FMR LLC now owns 21,343 shares of the financial services provider’s stock valued at $849,000 after buying an additional 444 shares in the last quarter. Finally, Quarry LP raised its holdings in Atlanta Braves by 0.9% during the 3rd quarter. Quarry LP now owns 51,562 shares of the financial services provider’s stock valued at $2,052,000 after acquiring an additional 456 shares during the period. Institutional investors own 64.88% of the company’s stock.

Insider Activity at Atlanta Braves

In related news, major shareholder John C. Malone purchased 24,646 shares of the business’s stock in a transaction on Wednesday, January 29th. The stock was acquired at an average price of $41.94 per share, with a total value of $1,033,653.24. Following the purchase, the insider now directly owns 211,358 shares in the company, valued at approximately $8,864,354.52. This represents a 13.20 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Over the last quarter, insiders acquired 47,692 shares of company stock valued at $1,980,287. Company insiders own 11.43% of the company’s stock.

Atlanta Braves Stock Up 1.5 %

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

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. Analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

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.