Shapiro Capital Management LLC Lowers Holdings in Atlanta Braves Holdings, Inc. (NASDAQ:BATRK)

Shapiro Capital Management LLC decreased its position in shares of Atlanta Braves Holdings, Inc. (NASDAQ:BATRK - Free Report) by 12.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,162,508 shares of the financial services provider's stock after selling 158,221 shares during the quarter. Shapiro Capital Management LLC owned approximately 2.29% of Atlanta Braves worth $44,478,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of BATRK. Barclays PLC grew its stake in Atlanta Braves by 160.3% during the third 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. JPMorgan Chase & Co. grew its position in shares of Atlanta Braves by 123.0% during the third quarter. JPMorgan Chase & Co. now owns 167,273 shares of the financial services provider's stock valued at $6,657,000 after purchasing an additional 92,248 shares in the last quarter. Diversify Advisory Services LLC increased its holdings in shares of Atlanta Braves by 3.1% in the fourth quarter. Diversify Advisory Services LLC now owns 15,526 shares of the financial services provider's stock worth $560,000 after purchasing an additional 474 shares during the last quarter. MassMutual Private Wealth & Trust FSB lifted its position in shares of Atlanta Braves by 17,744.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 10,885 shares of the financial services provider's stock worth $416,000 after buying an additional 10,824 shares in the last quarter. Finally, Sheets Smith Wealth Management grew its holdings in Atlanta Braves by 3.8% during the 4th quarter. Sheets Smith Wealth Management now owns 18,936 shares of the financial services provider's stock valued at $724,000 after buying an additional 700 shares in the last quarter. Hedge funds and other institutional investors own 64.88% of the company's stock.

Insider Activity at Atlanta Braves

In other Atlanta Braves news, EVP Deretta C. Rhodes sold 767 shares of the company's stock in a transaction on Wednesday, May 14th. The stock was sold at an average price of $40.97, for a total transaction of $31,423.99. Following the completion of the sale, the executive vice president now owns 3,112 shares in the company, valued at $127,498.64. This represents a 19.77% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, major shareholder John C. Malone bought 38,452 shares of the company's stock in a transaction on Tuesday, April 8th. The shares were bought at an average cost of $40.28 per share, for a total transaction of $1,548,846.56. Following the transaction, the insider now directly owns 254,428 shares in the company, valued at approximately $10,248,359.84. This represents a 17.80% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders bought 122,632 shares of company stock worth $5,072,723. Company insiders own 11.43% of the company's stock.

Atlanta Braves Price Performance

Shares of BATRK traded down $0.39 during mid-day trading on Wednesday, reaching $40.92. 89,868 shares of the company's stock traded hands, compared to its average volume of 281,539. Atlanta Braves Holdings, Inc. has a 12 month low of $35.46 and a 12 month high of $44.43. The stock has a market cap of $2.10 billion, a P/E ratio of -56.03 and a beta of 0.56. The stock's 50-day moving average is $39.37 and its two-hundred day moving average is $39.29.

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

Analyst Ratings Changes

Separately, StockNews.com upgraded Atlanta Braves to a "sell" rating in a report 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.