Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Shares Sold by Boyar Asset Management Inc.

Boyar Asset Management Inc. decreased its holdings in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) by 12.1% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,570 shares of the financial services provider's stock after selling 6,700 shares during the quarter. Atlanta Braves comprises about 1.4% of Boyar Asset Management Inc.'s portfolio, making the stock its 16th biggest holding. Boyar Asset Management Inc. owned approximately 0.09% of Atlanta Braves worth $1,943,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Moran Wealth Management LLC grew its holdings in shares of Atlanta Braves by 3.6% in the first quarter. Moran Wealth Management LLC now owns 13,396 shares of the financial services provider's stock valued at $536,000 after purchasing an additional 461 shares during the period. Sheets Smith Wealth Management grew its holdings in shares of Atlanta Braves by 4.7% in the first quarter. Sheets Smith Wealth Management now owns 19,829 shares of the financial services provider's stock valued at $793,000 after purchasing an additional 893 shares during the period. Oak Family Advisors LLC grew its holdings in shares of Atlanta Braves by 4.2% in the first quarter. Oak Family Advisors LLC now owns 99,578 shares of the financial services provider's stock valued at $3,984,000 after purchasing an additional 4,042 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Atlanta Braves in the first quarter valued at about $12,077,000. Finally, Columbia Asset Management purchased a new stake in shares of Atlanta Braves in the first quarter valued at about $791,000. Hedge funds and other institutional investors own 64.88% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on BATRK. Rosenblatt Securities upped their price objective on shares of Atlanta Braves from $52.00 to $69.00 and gave the company a "buy" rating in a report on Friday, June 20th. Citigroup raised shares of Atlanta Braves to a "hold" rating and set a $45.00 price objective for the company in a report on Friday, June 13th. Finally, Wall Street Zen raised shares of Atlanta Braves from a "sell" rating to a "hold" rating in a report on Thursday, May 22nd.

Insiders Place Their Bets

In other news, EVP Deretta C. Rhodes sold 5,000 shares of the 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 sale, the executive vice president now owns 3,112 shares of the company's stock, valued at approximately $128,214.40. This represents a 61.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder John C. Malone purchased 38,452 shares of Atlanta Braves stock in a transaction dated 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 transaction, the insider now directly owns 254,428 shares of the company's stock, valued at approximately $10,248,359.84. This represents a 17.80% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders purchased 121,872 shares of company stock valued at $5,043,730 and sold 217,372 shares valued at $9,451,951. 11.43% of the stock is currently owned by insiders.

Atlanta Braves Stock Up 0.5%

BATRK stock traded up $0.22 during mid-day trading on Friday, hitting $46.78. 831,483 shares of the company were exchanged, compared to its average volume of 297,534. The firm has a market capitalization of $2.40 billion, a P/E ratio of -133.65 and a beta of 0.54. The business has a fifty day simple moving average of $41.38 and a 200-day simple moving average of $39.67. Atlanta Braves Holdings, Inc. has a 12-month low of $35.46 and a 12-month high of $47.02.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last announced its earnings results on Monday, May 12th. The financial services provider reported ($0.66) earnings per share for the quarter, topping the consensus estimate of ($0.94) by $0.28. The company had revenue of $47.21 million for the quarter, compared to analysts' expectations of $36.87 million. Research analysts predict that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current year.

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.