Deutsche Bank AG lessened its stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) by 30.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 181,952 shares of the financial services provider's stock after selling 80,250 shares during the quarter. Deutsche Bank AG owned about 0.35% of Atlanta Braves worth $7,280,000 at the end of the most recent reporting period.
Other hedge funds have also made changes to their positions in the company. CWM LLC boosted its holdings in Atlanta Braves by 56.4% during the first quarter. CWM LLC now owns 824 shares of the financial services provider's stock worth $33,000 after buying an additional 297 shares in the last quarter. Federated Hermes Inc. bought a new stake in Atlanta Braves during the fourth quarter worth approximately $40,000. Versant Capital Management Inc boosted its holdings in Atlanta Braves by 335.7% during the first quarter. Versant Capital Management Inc now owns 1,817 shares of the financial services provider's stock worth $73,000 after buying an additional 1,400 shares in the last quarter. KBC Group NV bought a new stake in Atlanta Braves during the first quarter worth approximately $94,000. Finally, PNC Financial Services Group Inc. boosted its holdings in Atlanta Braves by 33.4% during the first quarter. PNC Financial Services Group Inc. now owns 3,021 shares of the financial services provider's stock worth $121,000 after buying an additional 756 shares in the last quarter. Institutional investors and hedge funds own 64.88% of the company's stock.
Insider Activity at Atlanta Braves
In related news, EVP Derek Gordon Schiller sold 30,000 shares of Atlanta Braves stock in a transaction on Friday, June 20th. The shares were sold at an average price of $45.50, for a total value of $1,365,000.00. Following the completion of the sale, the executive vice president owned 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Michael P. Plant sold 69,000 shares of Atlanta Braves stock in a transaction on Wednesday, June 11th. The shares were sold at an average price of $43.00, for a total transaction of $2,967,000.00. Following the completion of the sale, the executive vice president directly owned 205,593 shares of the company's stock, valued at approximately $8,840,499. The trade was a 25.13% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 211,605 shares of company stock valued at $9,214,527. Insiders own 11.43% of the company's stock.
Atlanta Braves Stock Performance
Atlanta Braves stock opened at $43.93 on Friday. The company has a 50 day moving average price of $45.22 and a 200 day moving average price of $41.56. The firm has a market capitalization of $2.76 billion, a price-to-earnings ratio of -125.51 and a beta of 0.67. Atlanta Braves Holdings, Inc. has a 52 week low of $35.46 and a 52 week high of $47.18.
Atlanta Braves (NASDAQ:BATRK - Get Free Report) last issued its earnings results on Thursday, August 7th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by ($0.18). The business had revenue of $312.44 million for the quarter, compared to the consensus estimate of $296.36 million. Equities analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts recently commented on BATRK shares. Wall Street Zen raised shares of Atlanta Braves from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd. Citigroup raised shares of Atlanta Braves to a "hold" rating and set a $45.00 price objective for the company in a research note on Friday, June 13th. Finally, Rosenblatt Securities raised their price objective on shares of Atlanta Braves from $52.00 to $69.00 and gave the stock a "buy" rating in a research note on Friday, June 20th.
Check Out Our Latest Research Report on Atlanta Braves
About Atlanta Braves
(
Free Report)
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.
See Also
Want to see what other hedge funds are holding BATRK? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report).

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