Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) is Freshford Capital Management LLC's 4th Largest Position

Freshford Capital Management LLC reduced its holdings in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) by 4.9% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 774,416 shares of the financial services provider's stock after selling 40,283 shares during the quarter. Atlanta Braves comprises 8.4% of Freshford Capital Management LLC's investment portfolio, making the stock its 4th biggest position. Freshford Capital Management LLC owned about 1.52% of Atlanta Braves worth $29,629,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Federated Hermes Inc. bought a new position in shares of Atlanta Braves in the fourth quarter valued at approximately $40,000. R Squared Ltd purchased a new stake in Atlanta Braves in the 4th quarter worth approximately $41,000. PNC Financial Services Group Inc. boosted its holdings in Atlanta Braves by 25.7% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,265 shares of the financial services provider's stock valued at $87,000 after purchasing an additional 463 shares during the period. US Bancorp DE grew its position in shares of Atlanta Braves by 17.7% during the 4th quarter. US Bancorp DE now owns 2,862 shares of the financial services provider's stock valued at $110,000 after purchasing an additional 430 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Atlanta Braves by 687.0% in the fourth quarter. Tower Research Capital LLC TRC now owns 3,463 shares of the financial services provider's stock worth $132,000 after purchasing an additional 3,023 shares during the period. 64.88% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

Insider Activity

In related news, major shareholder John C. Malone bought 2,760 shares of the company's stock in a transaction that occurred on Wednesday, March 12th. The stock was bought at an average cost of $41.99 per share, for a total transaction of $115,892.40. Following the acquisition, the insider now directly 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last 90 days, insiders acquired 147,278 shares of company stock valued at $6,106,376. Corporate insiders own 11.43% of the company's stock.

Atlanta Braves Stock Performance

BATRK traded down $0.07 during trading on Monday, reaching $39.18. The stock had a trading volume of 82,375 shares, compared to its average volume of 274,350. The business has a 50-day moving average of $39.05 and a 200-day moving average of $39.23. Atlanta Braves Holdings, Inc. has a one year low of $35.46 and a one year high of $44.43. The stock has a market cap of $2.01 billion, a PE ratio of -53.83 and a beta of 0.56.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share for the quarter, beating analysts' consensus estimates of ($0.69) by $0.38. The firm had revenue of $52.12 million for the quarter, compared to analysts' expectations of $48.20 million. Equities research analysts forecast 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.