Nuveen Asset Management LLC Sells 192,006 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Nuveen Asset Management LLC reduced its holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) by 50.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 190,984 shares of the financial services provider's stock after selling 192,006 shares during the period. Nuveen Asset Management LLC owned about 0.38% of Atlanta Braves worth $7,307,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Federated Hermes Inc. acquired a new position in shares of Atlanta Braves during the 4th quarter valued at about $40,000. R Squared Ltd acquired a new stake in Atlanta Braves in the 4th quarter valued at approximately $41,000. PNC Financial Services Group Inc. grew its holdings in shares of Atlanta Braves by 25.7% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,265 shares of the financial services provider's stock worth $87,000 after purchasing an additional 463 shares in the last quarter. US Bancorp DE grew its holdings in shares of Atlanta Braves by 17.7% during the 4th quarter. US Bancorp DE now owns 2,862 shares of the financial services provider's stock worth $110,000 after purchasing an additional 430 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Atlanta Braves by 687.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,463 shares of the financial services provider's stock worth $132,000 after purchasing an additional 3,023 shares in the last quarter. 64.88% of the stock is owned by hedge funds and other institutional investors.

Atlanta Braves Stock Down 0.0%

BATRK traded down $0.02 during trading on Monday, hitting $40.59. The company's stock had a trading volume of 80,141 shares, compared to its average volume of 280,835. The stock has a market capitalization of $2.08 billion, a price-to-earnings ratio of -55.60 and a beta of 0.56. Atlanta Braves Holdings, Inc. has a 12 month low of $35.46 and a 12 month high of $44.43. The firm's 50 day moving average price is $39.56 and its two-hundred day moving average price is $39.26.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last announced its quarterly earnings data on Monday, May 12th. The financial services provider reported ($0.66) EPS 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. On average, sell-side analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen raised Atlanta Braves from a "sell" rating to a "hold" rating in a research note on Thursday, May 22nd.

Insider Buying and Selling at Atlanta Braves

In related news, major shareholder Mario J. Gabelli bought 1,549 shares of the company's stock in a transaction that occurred on Wednesday, May 28th. The shares were acquired at an average price of $43.45 per share, for a total transaction of $67,304.05. Following the completion of the acquisition, the insider now owns 27,152 shares of the company's stock, valued at approximately $1,179,754.40. The trade was a 6.05% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Deretta C. Rhodes sold 5,000 shares of the company'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 sale, the executive vice president now owns 3,112 shares in the company, valued at $128,214.40. The trade was a 61.64% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders acquired 124,632 shares of company stock valued at $5,159,623. Company insiders own 11.43% of the company's stock.

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.