Orion Portfolio Solutions LLC Trims Stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Orion Portfolio Solutions LLC trimmed its position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) by 3.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 39,281 shares of the financial services provider’s stock after selling 1,540 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Atlanta Braves were worth $1,503,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in BATRK. Miracle Mile Advisors LLC purchased a new position in Atlanta Braves during the fourth quarter valued at approximately $6,736,000. Thompson Siegel & Walmsley LLC increased its holdings in shares of Atlanta Braves by 85.5% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 263,318 shares of the financial services provider’s stock valued at $10,075,000 after acquiring an additional 121,360 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of Atlanta Braves by 123.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 167,273 shares of the financial services provider’s stock valued at $6,657,000 after acquiring an additional 92,248 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Atlanta Braves during the 4th quarter worth $3,324,000. Finally, Barclays PLC boosted its position in Atlanta Braves by 160.3% during the third quarter. Barclays PLC now owns 82,330 shares of the financial services provider’s stock valued at $3,276,000 after purchasing an additional 50,702 shares in the last quarter. Institutional investors own 64.88% 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 Down 2.6 %

Shares of BATRK opened at $39.29 on Friday. The company has a 50 day moving average of $39.57 and a two-hundred day moving average of $39.51. The company has a market cap of $2.01 billion, a price-to-earnings ratio of -53.82 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.

Atlanta Braves (NASDAQ:BATRK) last announced its earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share for the quarter, topping the consensus estimate of ($0.69) by $0.38. The business had revenue of $52.12 million for the quarter, compared to analysts’ expectations of $48.20 million. On average, sell-side analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.

Insider Transactions at Atlanta Braves

In related news, major shareholder John C. Malone purchased 5,094 shares of the firm’s stock in a transaction on Monday, January 27th. The stock was acquired at an average price of $41.94 per share, with a total value of $213,642.36. Following the completion of the acquisition, the insider now owns 169,522 shares in the company, valued at approximately $7,109,752.68. This represents a 3.10 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Over the last 90 days, insiders have acquired 47,692 shares of company stock worth $1,980,287. Insiders own 11.43% of the company’s stock.

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.