Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Shares Sold by Deutsche Bank AG

Deutsche Bank AG trimmed its holdings in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) by 43.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. 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 approximately 0.52% of Atlanta Braves worth $10,032,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Barclays PLC boosted its holdings in Atlanta Braves by 160.3% during the third quarter. Barclays PLC now owns 82,330 shares of the financial services provider's stock worth $3,276,000 after buying an additional 50,702 shares in the last quarter. Diversify Advisory Services LLC boosted its holdings in Atlanta Braves by 3.1% during the fourth quarter. Diversify Advisory Services LLC now owns 15,526 shares of the financial services provider's stock worth $560,000 after buying an additional 474 shares in the last quarter. MassMutual Private Wealth & Trust FSB boosted its holdings in Atlanta Braves by 17,744.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 10,885 shares of the financial services provider's stock worth $416,000 after buying an additional 10,824 shares in the last quarter. Sheets Smith Wealth Management boosted its holdings in Atlanta Braves by 3.8% during the fourth quarter. Sheets Smith Wealth Management now owns 18,936 shares of the financial services provider's stock worth $724,000 after buying an additional 700 shares in the last quarter. Finally, Foundations Investment Advisors LLC boosted its holdings in Atlanta Braves by 12.0% during the fourth quarter. Foundations Investment Advisors LLC now owns 6,008 shares of the financial services provider's stock worth $230,000 after buying an additional 645 shares in the last quarter. 64.88% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Deretta C. Rhodes sold 5,000 shares of the firm's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $41.20, for a total transaction of $206,000.00. Following the completion of the sale, the executive vice president now directly owns 3,112 shares in the company, valued at approximately $128,214.40. This trade represents a 61.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder John C. Malone acquired 2,760 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average price of $41.99 per share, with a total value of $115,892.40. Following the completion of the transaction, the insider now 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 disclosure for this purchase can be found here. Insiders acquired 122,632 shares of company stock worth $5,072,723 over the last three months. Insiders own 11.43% of the company's stock.

Wall Street Analysts Forecast Growth

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

Atlanta Braves Trading Up 0.1%

NASDAQ:BATRK traded up $0.06 during trading hours on Tuesday, reaching $41.31. 256,729 shares of the company were exchanged, compared to its average volume of 281,663. The stock's 50-day moving average is $39.32 and its 200-day moving average is $39.27. The firm has a market cap of $2.12 billion, a PE ratio of -56.59 and a beta of 0.56. Atlanta Braves Holdings, Inc. has a twelve month low of $35.46 and a twelve month high of $44.43.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The financial services provider reported ($0.66) earnings per share for the quarter, topping analysts' consensus estimates of ($0.94) by $0.28. The company had revenue of $47.21 million for the quarter, compared to analyst estimates of $36.87 million. As a group, research analysts anticipate that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current 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.