Rhumbline Advisers Trims Stock Position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Rhumbline Advisers trimmed its holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) by 10.4% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 71,927 shares of the financial services provider's stock after selling 8,313 shares during the period. Rhumbline Advisers owned approximately 0.14% of Atlanta Braves worth $2,878,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. T. Rowe Price Investment Management Inc. lifted its holdings in shares of Atlanta Braves by 256.0% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 1,690,889 shares of the financial services provider's stock worth $64,694,000 after acquiring an additional 1,215,948 shares during the last quarter. Aristeia Capital L.L.C. boosted its position in shares of Atlanta Braves by 34.5% during the fourth quarter. Aristeia Capital L.L.C. now owns 2,414,362 shares of the financial services provider's stock worth $92,373,000 after buying an additional 618,887 shares during the period. Troluce Capital Advisors LLC acquired a new stake in shares of Atlanta Braves in the fourth quarter valued at $10,751,000. Tudor Investment Corp ET AL grew its stake in shares of Atlanta Braves by 44.3% in the fourth quarter. Tudor Investment Corp ET AL now owns 456,000 shares of the financial services provider's stock valued at $17,447,000 after buying an additional 139,952 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC raised its holdings in shares of Atlanta Braves by 85.5% in the 4th quarter. Thompson Siegel & Walmsley LLC now owns 263,318 shares of the financial services provider's stock valued at $10,075,000 after buying an additional 121,360 shares during the period. Institutional investors and hedge funds own 64.88% of the company's stock.

Analyst Ratings Changes

BATRK has been the subject of a number of research analyst reports. Citigroup upgraded Atlanta Braves to a "hold" rating and set a $45.00 target price for the company in a report on Friday, June 13th. Wall Street Zen raised shares of Atlanta Braves from a "sell" rating to a "hold" rating in a research report on Thursday, May 22nd.

Atlanta Braves Stock Performance

Shares of Atlanta Braves stock traded up $0.84 during trading hours on Thursday, reaching $43.68. 387,923 shares of the company were exchanged, compared to its average volume of 287,526. The firm has a market cap of $2.24 billion, a PE ratio of -124.80 and a beta of 0.54. Atlanta Braves Holdings, Inc. has a 1 year low of $35.46 and a 1 year high of $44.43. The stock's fifty day moving average is $40.43 and its 200 day moving average is $39.44.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last issued its quarterly 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 expect that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current year.

Insider Buying and Selling

In other news, EVP Michael P. Plant sold 69,000 shares of the firm's stock in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $43.00, for a total transaction of $2,967,000.00. Following the sale, the executive vice president now owns 205,593 shares of the company's stock, valued at approximately $8,840,499. This trade represents a 25.13% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Derek Gordon Schiller sold 72,505 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 $3,117,715.00. Following the sale, the executive vice president now owns 300,233 shares of the company's stock, valued at approximately $12,910,019. The trade was a 19.45% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have bought 121,872 shares of company stock worth $5,043,730 and have sold 147,272 shares worth $6,322,139. Insiders own 11.43% of the company's stock.

About Atlanta Braves

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.