Harbor Capital Advisors Inc. Has $9.26 Million Stock Position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Harbor Capital Advisors Inc. reduced its position in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) by 27.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 231,315 shares of the financial services provider's stock after selling 87,983 shares during the quarter. Harbor Capital Advisors Inc. owned about 0.45% of Atlanta Braves worth $9,255,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in BATRK. Columbia Asset Management acquired a new stake in Atlanta Braves in the first quarter valued at approximately $791,000. GAMMA Investing LLC lifted its stake in shares of Atlanta Braves by 9,017.3% in the 1st quarter. GAMMA Investing LLC now owns 9,482 shares of the financial services provider's stock valued at $3,790,000 after acquiring an additional 9,378 shares during the last quarter. Versant Capital Management Inc boosted its holdings in shares of Atlanta Braves by 335.7% during the 1st quarter. Versant Capital Management Inc now owns 1,817 shares of the financial services provider's stock valued at $73,000 after acquiring an additional 1,400 shares in the last quarter. Central Pacific Bank Trust Division grew its position in Atlanta Braves by 31.8% during the 1st quarter. Central Pacific Bank Trust Division now owns 16,562 shares of the financial services provider's stock worth $663,000 after acquiring an additional 3,997 shares during the last quarter. Finally, Wellington Management Group LLP grew its position in Atlanta Braves by 3.1% during the 4th quarter. Wellington Management Group LLP now owns 654,762 shares of the financial services provider's stock worth $25,051,000 after acquiring an additional 19,718 shares during the last quarter. 64.88% of the stock is currently owned by institutional investors and hedge funds.

Atlanta Braves Trading Up 1.0%

NASDAQ:BATRK traded up $0.45 during mid-day trading on Wednesday, hitting $43.24. 206,240 shares of the company's stock were exchanged, compared to its average volume of 283,201. Atlanta Braves Holdings, Inc. has a fifty-two week low of $35.46 and a fifty-two week high of $44.43. The firm has a market capitalization of $2.22 billion, a P/E ratio of -59.27 and a beta of 0.54. The company has a 50 day simple moving average of $39.69 and a 200-day simple moving average of $39.32.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The financial services provider reported ($0.66) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.94) by $0.28. The business had revenue of $47.21 million for the quarter, compared to the consensus estimate of $36.87 million. As a group, analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current year.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In other news, EVP Deretta C. Rhodes sold 767 shares of the company's stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $40.97, for a total value of $31,423.99. Following the sale, the executive vice president now directly owns 3,112 shares of the company's stock, valued at approximately $127,498.64. This represents a 19.77% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, major shareholder John C. Malone acquired 38,452 shares of the firm's stock in a transaction dated Tuesday, April 8th. The shares were purchased at an average price of $40.28 per share, with a total value of $1,548,846.56. Following the completion of the transaction, the insider now owns 254,428 shares of the company's stock, valued at $10,248,359.84. This trade represents a 17.80% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 121,872 shares of company stock valued at $5,043,730 in the last three months. 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.