Deutsche Bank AG Lowers Stock Holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Deutsche Bank AG cut its holdings in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) by 43.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 262,202 shares of the financial services provider's stock after selling 202,607 shares during the period. Deutsche Bank AG owned about 0.52% of Atlanta Braves worth $10,032,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of BATRK. T. Rowe Price Investment Management Inc. raised its stake in Atlanta Braves by 256.0% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 1,690,889 shares of the financial services provider's stock worth $64,694,000 after buying an additional 1,215,948 shares during the last quarter. Aristeia Capital L.L.C. raised its holdings in shares of Atlanta Braves by 34.5% in the 4th quarter. Aristeia Capital L.L.C. now owns 2,414,362 shares of the financial services provider's stock worth $92,373,000 after acquiring an additional 618,887 shares during the last quarter. Tudor Investment Corp ET AL increased its holdings in Atlanta Braves by 44.3% during the 4th quarter. Tudor Investment Corp ET AL now owns 456,000 shares of the financial services provider's stock worth $17,447,000 after purchasing an additional 139,952 shares in the last quarter. Thompson Siegel & Walmsley LLC lifted its holdings in shares of Atlanta Braves by 85.5% in 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 purchasing an additional 121,360 shares in the last quarter. Finally, Castalian Partners LLC purchased a new position in shares of Atlanta Braves during the fourth quarter valued at approximately $4,410,000. Institutional investors and hedge funds own 64.88% of the company's stock.

Atlanta Braves Stock Up 0.3%

BATRK traded up $0.14 during trading on Thursday, hitting $40.90. 45,217 shares of the company traded hands, compared to its average volume of 281,118. The firm has a market cap of $2.10 billion, a P/E ratio of -56.04 and a beta of 0.56. The stock's fifty day moving average is $39.42 and its 200 day moving average is $39.30. Atlanta Braves Holdings, Inc. has a one year low of $35.46 and a one year high of $44.43.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The financial services provider reported ($0.66) EPS for the quarter, beating the consensus estimate of ($0.94) by $0.28. The business had revenue of $47.21 million for the quarter, compared to analysts' expectations of $36.87 million. On average, equities research analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.

Insiders Place Their Bets

In other Atlanta Braves news, major shareholder John C. Malone bought 38,452 shares of the firm's stock in a transaction on Tuesday, April 8th. The shares were acquired at an average cost of $40.28 per share, for a total transaction of $1,548,846.56. Following the purchase, the insider now directly owns 254,428 shares of the company's stock, valued at $10,248,359.84. The trade was a 17.80% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Deretta C. Rhodes sold 5,000 shares of the business's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $41.20, for a total value of $206,000.00. Following the transaction, the executive vice president now directly owns 3,112 shares of the company's stock, valued at $128,214.40. The trade was a 61.64% decrease in their position. The disclosure for this sale can be found here. Insiders have purchased a total of 122,632 shares of company stock worth $5,072,723 over the last 90 days. Corporate insiders own 11.43% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised Atlanta Braves from a "sell" rating to a "hold" rating in a report on Thursday.

About Atlanta Braves

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.