Invesco Ltd. Sells 149,769 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Invesco Ltd. cut its position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) by 78.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 42,290 shares of the financial services provider's stock after selling 149,769 shares during the quarter. Invesco Ltd. owned about 0.08% of Atlanta Braves worth $1,618,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC increased its stake in shares of Atlanta Braves by 160.3% in the third quarter. Barclays PLC now owns 82,330 shares of the financial services provider's stock worth $3,276,000 after buying an additional 50,702 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of Atlanta Braves by 123.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 167,273 shares of the financial services provider's stock valued at $6,657,000 after acquiring an additional 92,248 shares in the last quarter. Miracle Mile Advisors LLC bought a new stake in shares of Atlanta Braves during the 4th quarter valued at about $6,736,000. Magnetar Financial LLC lifted its stake in Atlanta Braves by 161.9% in the fourth quarter. Magnetar Financial LLC now owns 13,328 shares of the financial services provider's stock valued at $510,000 after buying an additional 8,239 shares during the last quarter. Finally, Rhumbline Advisers boosted its stake in Atlanta Braves by 16.8% during the 4th quarter. Rhumbline Advisers now owns 80,240 shares of the financial services provider's stock valued at $3,070,000 after purchasing an additional 11,554 shares during the period. 64.88% of the stock is owned by institutional investors and hedge funds.

Atlanta Braves Stock Down 0.7 %

BATRK traded down $0.29 during trading on Monday, reaching $39.99. The stock had a trading volume of 4,196 shares, compared to its average volume of 296,002. The stock has a 50 day moving average of $39.06 and a two-hundred day moving average of $39.22. The firm has a market capitalization of $2.05 billion, a price-to-earnings ratio of -54.78 and a beta of 0.56. Atlanta Braves Holdings, Inc. has a 1-year low of $35.46 and a 1-year high of $44.42.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The financial services provider reported ($0.31) EPS for the quarter, topping the consensus estimate of ($0.69) by $0.38. The business had revenue of $52.12 million during the quarter, compared to the consensus estimate of $48.20 million. On average, research analysts forecast that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Atlanta Braves to a "sell" rating in a report on Friday, February 28th.

Insider Buying and Selling at Atlanta Braves

In other news, major shareholder John C. Malone acquired 8,371 shares of the stock in a transaction on Monday, April 21st. The shares were purchased at an average cost of $41.94 per share, for a total transaction of $351,079.74. Following the transaction, the insider now owns 371,707 shares in the company, valued at approximately $15,589,391.58. This trade represents a 2.30 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders have purchased 122,632 shares of company stock valued at $5,072,723. 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.