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

Boyar Asset Management Inc. decreased its stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) by 12.1% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 48,570 shares of the financial services provider's stock after selling 6,700 shares during the period. Atlanta Braves accounts for 1.4% of Boyar Asset Management Inc.'s investment portfolio, making the stock its 16th biggest position. Boyar Asset Management Inc. owned approximately 0.09% of Atlanta Braves worth $1,943,000 as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. Magnetar Financial LLC grew its position in shares of Atlanta Braves by 161.9% in the fourth quarter. Magnetar Financial LLC now owns 13,328 shares of the financial services provider's stock valued at $510,000 after purchasing an additional 8,239 shares during the period. Rhumbline Advisers grew its position in shares of Atlanta Braves by 16.8% in the fourth quarter. Rhumbline Advisers now owns 80,240 shares of the financial services provider's stock valued at $3,070,000 after purchasing an additional 11,554 shares during the period. BNP Paribas Financial Markets purchased a new stake in shares of Atlanta Braves in the fourth quarter valued at $721,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Atlanta Braves in the fourth quarter valued at $337,000. Finally, GAMMA Investing LLC grew its position in shares of Atlanta Braves by 9,017.3% in the first quarter. GAMMA Investing LLC now owns 9,482 shares of the financial services provider's stock valued at $3,790,000 after purchasing an additional 9,378 shares during the period. Hedge funds and other institutional investors own 64.88% of the company's stock.

Atlanta Braves Price Performance

BATRK stock traded up $0.22 during trading on Friday, reaching $46.78. 831,483 shares of the stock traded hands, compared to its average volume of 292,203. The business's 50 day moving average price is $41.54 and its 200-day moving average price is $39.71. Atlanta Braves Holdings, Inc. has a 52-week low of $35.46 and a 52-week high of $46.98. The firm has a market capitalization of $2.40 billion, a PE ratio of -133.65 and a beta of 0.55.

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

Insider Activity

In related news, EVP Derek Gordon Schiller sold 30,000 shares of the business's stock in a transaction that occurred on Friday, June 20th. The stock was sold at an average price of $45.50, for a total transaction of $1,365,000.00. Following the transaction, the executive vice president now directly owns 300,233 shares of the company's stock, valued at approximately $13,660,601.50. The trade was a 9.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Michael P. Plant sold 69,000 shares of the business's stock in a transaction that occurred on Wednesday, June 11th. The stock was sold at an average price of $43.00, for a total value of $2,967,000.00. Following the transaction, the executive vice president now directly owns 205,593 shares in the company, valued at $8,840,499. This trade represents a 25.13% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders purchased 121,872 shares of company stock worth $5,043,730 and sold 217,372 shares worth $9,451,951.

Wall Street Analysts Forecast Growth

BATRK has been the subject of a number of research reports. Wall Street Zen raised Atlanta Braves from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd. Citigroup raised Atlanta Braves to a "hold" rating and set a $45.00 price target for the company in a research report on Friday, June 13th. Finally, Rosenblatt Securities boosted their price target on Atlanta Braves from $52.00 to $69.00 and gave the company a "buy" rating in a research report on Friday, June 20th.

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.