Janus Henderson Group PLC Sells 10,445 Shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Janus Henderson Group PLC lessened its stake in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 808,300 shares of the financial services provider's stock after selling 10,445 shares during the quarter. Janus Henderson Group PLC owned approximately 1.59% of Atlanta Braves worth $30,926,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in BATRK. Steward Partners Investment Advisory LLC grew its position in shares of Atlanta Braves by 3.5% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 7,875 shares of the financial services provider's stock worth $301,000 after buying an additional 266 shares during the last quarter. Stifel Financial Corp lifted its stake in Atlanta Braves by 4.9% in the fourth quarter. Stifel Financial Corp now owns 6,007 shares of the financial services provider's stock worth $230,000 after acquiring an additional 280 shares during the period. LPL Financial LLC boosted its holdings in Atlanta Braves by 4.1% in the fourth quarter. LPL Financial LLC now owns 7,580 shares of the financial services provider's stock valued at $290,000 after acquiring an additional 302 shares in the last quarter. US Bancorp DE increased its position in Atlanta Braves by 17.7% during the 4th quarter. US Bancorp DE now owns 2,862 shares of the financial services provider's stock valued at $110,000 after purchasing an additional 430 shares during the period. Finally, PNC Financial Services Group Inc. raised its holdings in Atlanta Braves by 25.7% in 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. Hedge funds and other institutional investors own 64.88% of the company's stock.

Analyst Ratings Changes

Separately, StockNews.com raised shares of Atlanta Braves to a "sell" rating in a research note on Friday, February 28th.

Atlanta Braves Trading Down 0.0%

Shares of BATRK stock traded down $0.01 during midday trading on Tuesday, reaching $41.24. 29,338 shares of the stock were exchanged, compared to its average volume of 280,794. Atlanta Braves Holdings, Inc. has a 1 year low of $35.46 and a 1 year high of $44.43. The firm has a market cap of $2.12 billion, a PE ratio of -56.37 and a beta of 0.56. The company's 50 day moving average is $39.32 and its two-hundred day moving average is $39.27.

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 firm had revenue of $47.21 million during the quarter, compared to analysts' expectations of $36.87 million. As a group, equities analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.

Insider Activity

In related news, EVP Deretta C. Rhodes sold 5,000 shares of the company's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $41.20, for a total value of $206,000.00. Following the transaction, the executive vice president now directly owns 3,112 shares of the company's stock, valued at approximately $128,214.40. This represents a 61.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder John C. Malone bought 2,760 shares of Atlanta Braves stock in a transaction on Wednesday, March 12th. The stock was acquired at an average cost of $41.99 per share, with a total value of $115,892.40. Following the acquisition, the insider now owns 214,118 shares in the company, valued at approximately $8,990,814.82. This represents a 1.31% increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 122,632 shares of company stock worth $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.