Atlanta Braves Holdings, Inc. $BATRK Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC cut its stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 12.8% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,468 shares of the financial services provider’s stock after selling 1,392 shares during the quarter. ProShare Advisors LLC’s holdings in Atlanta Braves were worth $443,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Aristeia Capital L.L.C. increased its position in Atlanta Braves by 2.3% during the first quarter. Aristeia Capital L.L.C. now owns 2,470,052 shares of the financial services provider’s stock worth $98,827,000 after purchasing an additional 55,690 shares during the last quarter. T. Rowe Price Investment Management Inc. grew its stake in shares of Atlanta Braves by 8.2% in the 1st quarter. T. Rowe Price Investment Management Inc. now owns 1,829,000 shares of the financial services provider’s stock valued at $73,179,000 after buying an additional 138,111 shares during the period. Broad Bay Capital Management LP increased its holdings in shares of Atlanta Braves by 24.3% during the 1st quarter. Broad Bay Capital Management LP now owns 1,732,882 shares of the financial services provider’s stock worth $69,333,000 after buying an additional 338,655 shares during the last quarter. Gabelli Funds LLC raised its position in shares of Atlanta Braves by 3.7% during the 1st quarter. Gabelli Funds LLC now owns 1,473,271 shares of the financial services provider’s stock valued at $58,946,000 after buying an additional 52,777 shares during the period. Finally, Wellington Management Group LLP raised its position in shares of Atlanta Braves by 105.9% during the 1st quarter. Wellington Management Group LLP now owns 1,348,113 shares of the financial services provider’s stock valued at $53,938,000 after buying an additional 693,351 shares during the period. Hedge funds and other institutional investors own 64.88% of the company’s stock.

Analyst Ratings Changes

BATRK has been the subject of several analyst reports. Weiss Ratings reiterated a “sell (d)” rating on shares of Atlanta Braves in a research report on Wednesday. Wall Street Zen lowered Atlanta Braves from a “hold” rating to a “sell” rating in a research note on Saturday, November 8th. Finally, Zacks Research raised Atlanta Braves from a “hold” rating to a “strong-buy” rating in a research report on Thursday, November 6th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Atlanta Braves currently has a consensus rating of “Moderate Buy” and a consensus price target of $57.00.

Insider Transactions at Atlanta Braves

In other news, major shareholder John C. Malone bought 28,567 shares of the company’s stock in a transaction on Monday, November 17th. The stock was bought at an average cost of $41.97 per share, with a total value of $1,198,956.99. Following the transaction, the insider directly owned 479,972 shares in the company, valued at $20,144,424.84. The trade was a 6.33% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, major shareholder Gamco Investors, Inc. Et Al sold 1,100 shares of the business’s stock in a transaction dated Friday, September 19th. The stock was sold at an average price of $45.19, for a total transaction of $49,709.00. Following the sale, the insider owned 1,800 shares in the company, valued at $81,342. This trade represents a 37.93% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have purchased 67,236 shares of company stock valued at $2,822,097 and have sold 3,700 shares valued at $167,859. Company insiders own 11.43% of the company’s stock.

Atlanta Braves Stock Up 0.7%

Shares of NASDAQ BATRK opened at $38.43 on Friday. The business’s 50 day moving average is $40.14 and its two-hundred day moving average is $42.47. Atlanta Braves Holdings, Inc. has a 52-week low of $35.46 and a 52-week high of $47.18. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of -960.51 and a beta of 0.61.

Atlanta Braves (NASDAQ:BATRK) last released its quarterly earnings results on Wednesday, November 5th. The financial services provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.24 by $0.23. The firm had revenue of $311.54 million for the quarter, compared to analysts’ expectations of $309.06 million. Analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.89 EPS 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.