Marshall Wace LLP Reduces Stake in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Marshall Wace LLP decreased its position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) by 68.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,003 shares of the financial services provider's stock after selling 26,161 shares during the period. Marshall Wace LLP's holdings in Atlanta Braves were worth $459,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Federated Hermes Inc. purchased a new position in Atlanta Braves in the 4th quarter worth $40,000. R Squared Ltd purchased a new position in Atlanta Braves in the 4th quarter valued at $41,000. PNC Financial Services Group Inc. grew its position in shares of Atlanta Braves by 25.7% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,265 shares of the financial services provider's stock valued at $87,000 after purchasing an additional 463 shares in the last quarter. US Bancorp DE boosted its holdings in Atlanta Braves by 17.7% in 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 last quarter. Finally, OFI Invest Asset Management purchased a new position in shares of Atlanta Braves during the 4th quarter worth $157,000. Institutional investors own 64.88% of the company's stock.

Atlanta Braves Price Performance

NASDAQ BATRK traded down $0.39 on Friday, reaching $40.12. The company had a trading volume of 59,352 shares, compared to its average volume of 294,807. The firm has a market capitalization of $2.06 billion, a PE ratio of -54.96 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. The firm has a 50-day moving average of $39.10 and a 200-day moving average of $39.24.

Atlanta Braves (NASDAQ:BATRK - Get Free Report) last posted its quarterly earnings data on Wednesday, February 26th. The financial services provider reported ($0.31) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.69) by $0.38. The company had revenue of $52.12 million for the quarter, compared to analyst estimates of $48.20 million. As a group, sell-side analysts expect that Atlanta Braves Holdings, Inc. will post -0.89 EPS for the current fiscal year.

Insider Activity at Atlanta Braves

In related news, major shareholder John C. Malone bought 8,371 shares of Atlanta Braves stock in a transaction that occurred on Monday, April 21st. The stock was acquired at an average price of $41.94 per share, with a total value of $351,079.74. Following the acquisition, the insider now owns 371,707 shares of the company's stock, valued at approximately $15,589,391.58. This represents a 2.30 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders acquired 122,632 shares of company stock valued at $5,072,723 over the last ninety days. 11.43% of the stock is owned by insiders.

Analyst Ratings Changes

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

Atlanta Braves Company 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.