Atlanta Braves Holdings, Inc. (NASDAQ:BATRK) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP increased its stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) by 3.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 654,762 shares of the financial services provider's stock after purchasing an additional 19,718 shares during the period. Wellington Management Group LLP owned approximately 1.28% of Atlanta Braves worth $25,051,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Barclays PLC boosted its position in Atlanta Braves by 160.3% during the 3rd quarter. Barclays PLC now owns 82,330 shares of the financial services provider's stock valued at $3,276,000 after acquiring an additional 50,702 shares in the last quarter. Foundations Investment Advisors LLC increased its stake in shares of Atlanta Braves by 12.0% in the 4th quarter. Foundations Investment Advisors LLC now owns 6,008 shares of the financial services provider's stock worth $230,000 after purchasing an additional 645 shares in the last quarter. R Squared Ltd purchased a new stake in shares of Atlanta Braves in the fourth quarter worth $41,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Atlanta Braves by 5.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 11,501 shares of the financial services provider's stock worth $440,000 after purchasing an additional 604 shares in the last quarter. Finally, ABC Arbitrage SA bought a new position in shares of Atlanta Braves during the 4th quarter valued at about $204,000. 64.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Atlanta Braves Price Performance

BATRK traded down $0.01 on Wednesday, reaching $40.38. 155,030 shares of the stock were exchanged, compared to its average volume of 281,296. The company's 50-day moving average price is $39.58 and its 200 day moving average price is $39.28. 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 $2.07 billion, a PE ratio of -55.32 and a beta of 0.54.

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 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 analyst estimates of $36.87 million. As a group, equities analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 earnings per share for the current fiscal year.

Insider Activity at Atlanta Braves

In other news, major shareholder John C. Malone bought 2,760 shares of Atlanta Braves stock in a transaction that occurred on Wednesday, March 12th. The shares were purchased at an average price of $41.99 per share, with a total value of $115,892.40. Following the completion of the acquisition, the insider now directly owns 214,118 shares in the company, valued at $8,990,814.82. The trade was a 1.31% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Deretta C. Rhodes sold 767 shares of the stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $40.97, for a total value of $31,423.99. Following the completion of the transaction, the executive vice president now owns 3,112 shares in the company, valued at approximately $127,498.64. The trade was a 19.77% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders acquired 124,632 shares of company stock valued at $5,159,623. Corporate insiders own 11.43% of the company's stock.

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.